Company Registration No. 02662870 (England and Wales)
DOUGLAS JOHN & PARTNERS LTD.
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
DOUGLAS JOHN & PARTNERS LTD.
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
387
594
Current assets
Stocks
2,280
3,760
Debtors
2,790
2,000
Cash at bank and in hand
9,559
5,272
14,629
11,032
Creditors: amounts falling due within one year
(12,258)
(9,755)
Net current assets
2,371
1,277
Total assets less current liabilities
2,758
1,871
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
2,658
1,771
Shareholders' funds
2,758
1,871
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 4 December 2015
Mr P J Curtis
Director
Company Registration No. 02662870
DOUGLAS JOHN & PARTNERS LTD.
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 2 -
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.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% per annum on net book value
Computer equipment
33.3% per annum on cost
1.5
Stock and work in progress
Work in progress is valued at selling price.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014 & at 30 April 2015
8,863
Depreciation
At 1 May 2014
8,269
Charge for the year
207
At 30 April 2015
8,476
Net book value
At 30 April 2015
387
At 30 April 2014
594
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
DOUGLAS JOHN & PARTNERS LTD.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
4
Related party relationships and transactions
Other transactions
Included in other creditors is a loan from P J Curtis, director, of £1,240 (2014: £140). This loan is interest free and repayable on demand.
P J Curtis, director, uses a room in his home as an office for which a charge of £208 (2014: £208) has been made.