Company Registration No. 8334660 (England and Wales)
JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD
DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2013
JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD
COMPANY INFORMATION
Director
Mr James Wilson
Company number
8334660
Registered office
113 Windsor Drive
Orpington
Kent
BR6 6HE
Accountants
Blueband Accountancy
71 Beaumont Road
Petts Wood
Orpington
Kent
BR5 1JH
JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 6
JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 30 NOVEMBER 2013
- 1 -
The director presents his report and financial statements for the Period ended 30 November 2013.
Principal activities
The principal activity of the company continued to be that of construction and decorating of buildings.
Director
The following director has held office since 18 December 2012:
Mr James Wilson
Statement of director's responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Mr James Wilson
Director
31 August 2014
JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD
BASITH WAHAB (MAAT) ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD FOR THE PERIOD ENDED 30 NOVEMBER 2013
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of James Management and Construction Services Ltd for the Period ended 30 November 2013 set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of James Management and Construction Services Ltd, as a body, in accordance with the terms of our engagement letter dated 20 March 2013. Our work has been undertaken solely to prepare for your approval the financial statements of James Management and Construction Services Ltd and state those matters that we have agreed to state to the Board of Directors of James Management and Construction Services Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than James Management and Construction Services Ltd and it's Board of Directors as a body, for our work or for this report.
It is your duty to ensure that James Management and Construction Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of James Management and Construction Services Ltd. You consider that James Management and Construction Services Ltd is exempt from the statutory audit requirement for the Period.
We have not been instructed to carry out an audit or a review of the financial statements of James Management and Construction Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Blueband Accountancy
31 August 2014
Basith Wahab (MAAT) Accountants
71 Beaumont Road
Petts Wood
Orpington
Kent
BR5 1JH
JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 30 NOVEMBER 2013
- 3 -
Period
ended
30 November
2013
Notes
£
Turnover
111,752
Cost of sales
(96,240)
Gross profit
15,512
Administrative expenses
(25,887)
Loss on ordinary activities before taxation
2
(10,375)
Tax on loss on ordinary activities
3
Loss for the Period
7
(10,375)
JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2013
30 November 2013
- 4 -
2013
Notes
£
£
Current assets
Debtors
4
2,636
Cash at bank and in hand
2,513
5,149
Creditors: amounts falling due within one year
5
(15,523)
Total assets less current liabilities
(10,374)
Capital and reserves
Called up share capital
6
1
Profit and loss account
7
(10,375)
Shareholders' funds
(10,374)
For the financial Period ended 30 November 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the Board for issue on 31 August 2014
Mr James Wilson
Director
Company Registration No. 8334660
JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2013
- 5 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
2
Operating loss
2013
£
Operating loss is stated after charging:
Director's remuneration
4,494
3
Taxation
4
Debtors
2013
£
Other debtors
2,636
5
Creditors: amounts falling due within one year
2013
£
Trade creditors
3,169
Taxation and social security
12,104
Other creditors
250
15,523
JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2013
- 6 -
6
Share capital
2013
£
Allotted, called up and fully paid
1 Ordinary Shares of £1 each
1
7
Statement of movements on profit and loss account
Profit and loss
account
£
Loss for the period
(10,375)
JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD
MANAGEMENT INFORMATION
FOR THE PERIOD ENDED 30 NOVEMBER 2013
JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 30 NOVEMBER 2013
Period
ended
30 November
2013
£
£
Turnover
Sales class 1 - UK
111,554
Sales class 2 - UK
198
111,752
Cost of sales
Materials
36,916
Subcontract labour
59,324
(96,240)
Gross profit
13.88%
15,512
Administrative expenses
(25,887)
Operating loss
(10,375)
JAMES MANAGEMENT AND CONSTRUCTION SERVICES LTD
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE PERIOD ENDED 30 NOVEMBER 2013
Period
ended
30 November
2013
£
Administrative expenses
Directors' remuneration
4,494
Staff training
392
Insurance
154
Printing, postage and stationery
239
Telephone
609
Computer running costs
513
Hire of equipment
1,666
Motor running expenses
3,400
Travelling expenses
418
Entertaining - non allowable
797
Legal and prof fees - allowable
836
Accountancy
1,050
Bank charges
65
Bad and doubtful debts
6,664
Canteen
4,025
Staff welfare
565
25,887
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