2015-04-01 true false Private Limited Company 04186859 2016-03-31 04186859 2015-04-01 2016-03-31 04186859 2015-03-31 04186859 2014-04-01 2015-03-31 04186859 uk-bus:Director1 2015-04-01 2016-03-31 04186859 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 04186859 uk-gaap:ComputerEquipment 2015-04-01 2016-03-31 04186859 uk-gaap:CommercialMotorVehicles 2015-04-01 2016-03-31 iso4217:GBP
J N Williams Ground Maintenance Ltd
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04186859
2
Contents Page
J N Williams Ground Maintenance Ltd
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
J N Williams Ground Maintenance Ltd
Accountants' Report
For the year ended 31 March 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2016
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
1 of 4
4
Abbreviated Balance Sheet
J N Williams Ground Maintenance Ltd
As at 31 March 2016
04186859
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
56,458
42,227
56,458
42,227
Current assets
Stocks
71
71
Debtors
8,206
13,891
Cash at bank and in hand
4,578
12,002
18,540
20,279
Creditors: amounts falling due within one year
(19,929)
(21,286)
350
(2,746)
Net current liabilities
Total assets less current liabilities
53,712
42,577
Creditors: amounts falling due after more than one year
(16,894)
(15,741)
(8,092)
(4,380)
Provisions for liabilities
29,879
Net assets
21,303
Capital and reserves
Called up share capital
2
2
Profit and loss account
29,877
21,301
29,879
21,303
Shareholders funds
For the year ended 31 March 2016 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: 25 November 2016
Mr J N Williams Director
Signed on behalf of the board of directors
2 of 4
5
Notes to the Abbreviated Financial Statements
J N Williams Ground Maintenance Ltd
For the year ended 31 March 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
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
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
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.
Goodwill
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
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
Computer Equipment
33% per annum on cost
Motor Vehicles
25% Reducing balance
3 of 4
6
Notes to the Abbreviated Financial Statements
J N Williams Ground Maintenance Ltd
For the year ended 31 March 2016
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.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
74,196
At 01 April 2015
22,878
Additions
(1,541)
Disposals
At 31 March 2016
95,533
Depreciation
31,969
At 01 April 2015
(1,541)
Disposals
8,647
Charge for year
39,075
At 31 March 2016
Net book values
At 31 March 2016
56,458
42,227
At 31 March 2015
4 of 4