| J N Williams Ground Maintenance Ltd |
For the year ended 31 March 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04186859
J N Williams Ground Maintenance Ltd
For the year ended 31 March 2014
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
J N Williams Ground Maintenance Ltd
Accountants' Report
For the year ended 31 March 2014
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2014 |
| and you consider that the company is exempt from an audit under the Companies Act 2006. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory |
| responsibilities, from the accounting records and information and explanations supplied to us. |
Patrick Barritt Tax Consultants Limited
Enfield House
Spring Gardens
Whitland
Carmarthenshire
SA34 0HP
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| Abbreviated Balance Sheet |
J N Williams Ground Maintenance Ltd
2014
2013
2
26,043
16,064
26,043
16,064
71
71
2,518
1,731
7,460
3,181
9,262
5,770
| Creditors: amounts falling due within one year |
(5,267)
(13,325)
503
(4,063)
Net current liabilities
| Total assets less current liabilities |
21,980
16,567
(2,023)
(2,725)
| Provisions for liabilities |
19,957
Net assets
13,842
2
2
19,955
13,840
19,957
13,842
Shareholders funds
| For the year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
| Date approved by the board: 13 December 2014 |
| Signed on behalf of the board of directors |
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| Notes to the Abbreviated Financial Statements |
J N Williams Ground Maintenance Ltd
For the year ended 31 March 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Finance lease and hire purchase charges |
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| 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. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful |
| economic life of the goodwill of 4 years. |
| 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
Computer Equipment
Motor Vehicles
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| Notes to the Abbreviated Financial Statements |
J N Williams Ground Maintenance Ltd
For the year ended 31 March 2014
| Assets on finance lease and hire purchase |
| Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have |
| passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and |
| their estimated expected useful lives. |
| Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods. |
| Stocks and work in progress |
| Stocks and work in progress 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. |
46,907
22,351
(16,462)
52,796
30,843
(9,994)
5,904
Charge for year
26,753
26,043
16,064
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