REGISTERED NUMBER: 05227275

Abbreviated Unaudited Accounts for the Year Ended 31 March 2013

for

A & Y Jones Cyf

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A Jones

Mrs Y Jones

SECRETARY:

Mrs Y Jones

REGISTERED OFFICE:

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

05227275

ACCOUNTANTS:

Dunn & Ellis

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Intangible assets

2

39,000

42,000

Tangible assets

3

196,089

198,735

235,089

240,735

CURRENT ASSETS

Stocks

19,500

19,500

Debtors

44,471

46,234

Cash in hand

1,188

3,503

65,159

69,237

CREDITORS

Amounts falling due within one year

76,250

69,541

NET CURRENT LIABILITIES

(11,091

)

(304

)

TOTAL ASSETS LESS CURRENT LIABILITIES

223,998

240,431

CREDITORS

Amounts falling due after more than one year

4

(214,711

)

(229,629

)

PROVISIONS FOR LIABILITIES

(7,354

)

(7,290

)

NET ASSETS

1,933

3,512

CAPITAL AND RESERVES

Called up share capital

5

100

2

Profit and loss account

1,833

3,510

SHAREHOLDERS' FUNDS

1,933

3,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2013 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 28 December 2013 and were signed on its behalf by:

Mr A Jones - 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 2005, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance and 5% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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

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

lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2012

and 31 March 2013

60,000

AMORTISATION

At 1 April 2012

18,000

Amortisation for year

3,000

At 31 March 2013

21,000

NET BOOK VALUE

At 31 March 2013

39,000

At 31 March 2012

42,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2012

and 31 March 2013

258,718

DEPRECIATION

At 1 April 2012

59,983

Charge for year

2,646

At 31 March 2013

62,629

NET BOOK VALUE

At 31 March 2013

196,089

At 31 March 2012

198,735

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.13

31.3.12

£

£

Repayable by instalments

156,239

171,157

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.13

31.3.12

value:

£

£

100

Ordinary

£1

100

2

6.	TRANSACTIONS WITH DIRECTORS

The following loan to directors subsisted during the years ended 31 March 2013 and 31 March 2012:

31.3.13

31.3.12

£

£

Mr A Jones and Mrs Y Jones

Balance outstanding at start of year

46,234

45,907

Amounts advanced

26,453

25,394

Amounts repaid

(30,180

)

(25,067

)

Balance outstanding at end of year

42,507

46,234