REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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JOHN SHAW LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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JOHN SHAW LIMITED |
JOHN SHAW LIMITED (REGISTERED NUMBER: 01960390) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
JOHN SHAW LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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JOHN SHAW LIMITED (REGISTERED NUMBER: 01960390) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2015 |
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2015 | 2014 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Share premium |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
JOHN SHAW LIMITED (REGISTERED NUMBER: 01960390) |
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ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2015 |
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The financial statements were approved by the Board of Directors on
by: |
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JOHN SHAW LIMITED (REGISTERED NUMBER: 01960390) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Turnover |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. |
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Sales of new motorbikes are recognised to the profit and loss account on delivery of the motorbike. Deposits |
received in advance of the sale are held as a liability within the balance sheet. |
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Tangible fixed assets |
Tangible fixed assets other than freehold property and land are stated at cost or valuation less depreciation. |
Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each |
asset over its expected useful life, as follows: |
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Plant and machinery - 20% on a reducing balance basis. |
Fixtures and equipment - 20% on a reducing balance basis. |
Motor vehicles - 25% on a reducing balance basis. |
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This year no depreciation was not charged on the freehold property. Non-depreciation of freehold property is not |
in accordance with FRS 15. However, the market value is in excess of cost no so provision is considered |
necessary. |
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Stocks and work in progress |
Stock is valued at the lower of cost and net realisable value. A provision is made for old slow moving and |
obsolete stock of parts and likewise a write down is made on part exchanged vehicles which are sold on. |
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No provision is included in the financial statements for work in progress on customised motorcycles as the value |
can not be fully quantified until a sale is made. |
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Deferred tax |
Deferred taxation is provided in full in respect of taxation deferred by timing differences between treatment of |
certain items for taxation and accounting purposes. The deferred tax balance has not been discounted. No |
provision has been made for any potential taxation on past unrealised gains on the revaluation of land and |
buildings. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
JOHN SHAW LIMITED (REGISTERED NUMBER: 01960390) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 January 2015 |
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Additions |
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Disposals | ( |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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A Ordinary | £1 |
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B Ordinary | £1 |
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6,139 | 6,139 |