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J N Williams Ground Maintenance Ltd
Registered Number:04186859
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
J N Williams Ground Maintenance Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 March 2017
J N Williams Ground Maintenance Ltd
Statement of Financial Position
Registered Number :
04186859
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
80,304
56,458
2
80,304
56,458
Current assets
Inventories
71
71
3
Trade and other receivables
13,891
11,854
4
4,578
Cash and cash equivalents
5,232
17,157
18,540
Trade and other payables: amounts falling due within one year
(21,286)
(32,748)
5
(2,746)
(15,591)
Net current liabilities
Total assets less current liabilities
64,713
53,712
Trade and other payables: amounts falling due after more than one year
(15,741)
(20,976)
6
(8,092)
(8,092)
Provisions for liabilities
35,645
Net assets
29,879
Capital and reserves
Called up share capital
2
2
Retained earnings
35,643
29,877
35,645
29,879
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and
of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
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4
For the year ended 31 March 2017
J N Williams Ground Maintenance Ltd
Statement of Financial Position Continued
Mr J N Williams Director
These financial statements were approved and authorised for issue by the Board on 06 December 2017 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2017
J N Williams Ground Maintenance Ltd
Notes to the Financial Statements
Statutory Information
J N Williams Ground Maintenance Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
04186859.
Registered address:
Cornel NI
Pwll Trap
Carmarthen
SA33 4AX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 4 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
33% per annum on cost
Computer equipment
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 31 March 2017
J N Williams Ground Maintenance Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or valuation
At 01 April 2016
95,533
11,125
84,408
38,643
-
38,643
Additions
(11,125)
(2,566)
Disposals
(13,691)
At 31 March 2017
120,485
-
120,485
Provision for depreciation and impairment
At 01 April 2016
39,075
6,432
32,643
Charge for year
8,712
-
8,712
(7,606)
(6,432)
(1,174)
On disposal
At 31 March 2017
40,181
-
40,181
At 31 March 2017
Net book value
80,304
-
80,304
At 31 March 2016
51,765
4,693
56,458
3. Inventories
2016
2017
£
£
Stocks
71
71
4. Trade and other receivables
2016
2017
£
£
Trade debtors
8,928
13,891
Other debtors
2,926
-
13,891
11,854
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
3,242
1,605
Taxation and social security
195
405
Other creditors
29,311
19,276
32,748
21,286
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7
For the year ended 31 March 2017
J N Williams Ground Maintenance Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
20,976
15,741
7. Related party transactions
The company is controlled by the director , Mr J Williams, by virtue of his100% interest in the company's issued share capital.
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