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REGISTERED NUMBER: 03902837 (England and Wales)









Abbreviated Unaudited Accounts

for the Year Ended 28 February 2015

for

Abrahams & Johnson Limited

Abrahams & Johnson Limited (Registered number: 03902837)






Contents of the Abbreviated Accounts
for the Year Ended 28 February 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Abrahams & Johnson Limited

Company Information
for the Year Ended 28 February 2015







DIRECTOR: Mr S Abrahams





REGISTERED OFFICE: Units 1 & 2
Evercreech Way
Walrow Industrial Estate
Highbridge
Somerset
TA9 4AR





REGISTERED NUMBER: 03902837 (England and Wales)





ACCOUNTANTS: P W John & Co
Parkview
23 Wadham Street
Weston-super-Mare
Somerset
BS23 1JZ

Abrahams & Johnson Limited (Registered number: 03902837)

Abbreviated Balance Sheet
28 February 2015

28.2.15 28.2.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 52,016 62,251

CURRENT ASSETS
Stocks 359,500 462,750
Debtors 64,315 32,994
Cash in hand 2,207 2,207
426,022 497,951
CREDITORS
Amounts falling due within one year 3 464,345 546,472
NET CURRENT LIABILITIES (38,323 ) (48,521 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,693

13,730

PROVISIONS FOR LIABILITIES 12,450 12,450
NET ASSETS 1,243 1,280

CAPITAL AND RESERVES
Called up share capital 4 30 30
Profit and loss account 1,213 1,250
SHAREHOLDERS' FUNDS 1,243 1,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12 May 2015 and were signed by:



Mr S Abrahams - Director


Abrahams & Johnson Limited (Registered number: 03902837)

Notes to the Abbreviated Accounts
for the Year Ended 28 February 2015

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.

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

Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2014
and 28 February 2015 268,132
DEPRECIATION
At 1 March 2014 205,881
Charge for year 10,235
At 28 February 2015 216,116
NET BOOK VALUE
At 28 February 2015 52,016
At 28 February 2014 62,251

3. CREDITORS

Creditors include an amount of £ 268,797 (28.2.14 - £ 306,635 ) for which security has been given.

Abrahams & Johnson Limited (Registered number: 03902837)

Notes to the Abbreviated Accounts - continued
for the Year Ended 28 February 2015

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.15 28.2.14
value: £    £   
30 Ordinary £1 30 30