Company Registration No. 07456098 (England and Wales)
JOHN LEES ASSOCIATES LIMITED
T\A JOHN LEES DEVELOPMENTS
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
JOHN LEES ASSOCIATES LIMITED
T\A JOHN LEES DEVELOPMENTS
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
JOHN LEES ASSOCIATES LIMITED
T\A JOHN LEES DEVELOPMENTS
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,512
1,388
Current assets
Debtors
1,433
2,330
Cash at bank and in hand
1,925
40,694
3,358
43,024
Creditors: amounts falling due within one year
(6,402)
(18,323)
Net current (liabilities)/assets
(3,044)
24,701
Total assets less current liabilities
468
26,089
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
467
26,088
Shareholders' funds
468
26,089
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 and authorised for issue on 26 August 2015
J Lees
Director
Company Registration No. 07456098
JOHN LEES ASSOCIATES LIMITED
T\A JOHN LEES DEVELOPMENTS
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 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 net of VAT and trade discounts.
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:
Fixtures, fittings & equipment
3 years straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014
2,083
Additions
4,227
At 31 December 2014
6,310
Depreciation
At 1 January 2014
695
Charge for the year
2,103
At 31 December 2014
2,798
Net book value
At 31 December 2014
3,512
At 31 December 2013
1,388
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
JOHN LEES ASSOCIATES LIMITED
T\A JOHN LEES DEVELOPMENTS
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
4
Ultimate parent company
The company is 100% owned by John Lees Holdings Limited, a company incorporated in England and Wales.true