REGISTERED NUMBER: 05974922 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2012

FOR

JOHN LADBURY & CO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J B Ladbury

S J Ladbury

D B Ladbury

SECRETARY:

J B Ladbury

REGISTERED OFFICE:

Unit 11

Alpha Business Park

North Mymms

Hatfield

Hertfordshire

AL9 7NT

REGISTERED NUMBER:

05974922 (England and Wales)

ACCOUNTANTS:

Lovetts Chartered Accountants

Bridge House

25 Fiddlebridge Lane

Hatfield

Hertfordshire

AL10 0SP

FIXED ASSETS

Intangible assets

2

78,000

97,500

Tangible assets

3

17,374

32,050

95,374

129,550

CURRENT ASSETS

Stocks

72,457

155,853

Debtors

39,431

40,992

Cash at bank and in hand

127,209

82,323

239,097

279,168

CREDITORS

Amounts falling due within one year

293,024

314,775

NET CURRENT LIABILITIES

(53,927

)

(35,607

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,447

93,943

CREDITORS

Amounts falling due after more than one year

(21,000

)

(41,000

)

PROVISIONS FOR LIABILITIES

(3,118

)

(5,973

)

NET ASSETS

17,329

46,970

CAPITAL AND RESERVES

Called up share capital

4

3,090

3,090

Profit and loss account

14,239

43,880

SHAREHOLDERS' FUNDS

17,329

46,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2012 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 September 2013 and were signed on its behalf by:

D B Ladbury - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

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 expenditure 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

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2012

and 31 December 2012

195,000

AMORTISATION

At 1 January 2012

97,500

Amortisation for year

19,500

At 31 December 2012

117,000

NET BOOK VALUE

At 31 December 2012

78,000

At 31 December 2011

97,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2012

and 31 December 2012

69,369

DEPRECIATION

At 1 January 2012

37,319

Charge for year

14,676

At 31 December 2012

51,995

NET BOOK VALUE

At 31 December 2012

17,374

At 31 December 2011

32,050

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.12

31.12.11

value:

£

£

3,030

Ordinary

£1

3,030

3,030

20

Ordinary A

£1

20

20

20

Ordinary B

£1

20

20

20

Ordinary C

£1

20

20

3,090

3,090