JHW Services Limited - Limited company - abbreviated

REGISTERED NUMBER: 05057301 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st October 2013

for

JHW SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J H Williams

SECRETARY:

Mrs G Williams

REGISTERED OFFICE:

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

REGISTERED NUMBER:

05057301 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Chartered Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

FIXED ASSETS

Intangible assets

2

123,812

124,562

Tangible assets

3

4,273

8,187

128,085

132,749

CURRENT ASSETS

Stocks

25,000

Debtors

94,014

142,134

Cash in hand

336

120

119,350

167,254

CREDITORS

Amounts falling due within one year

4

192,189

211,172

NET CURRENT LIABILITIES

(72,839

)

(43,918

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

55,246

88,831

CREDITORS

Amounts falling due after more than one
year

4

35,344

81,568

NET ASSETS

19,902

7,263

CAPITAL AND RESERVES

Called up share capital

5

200

Profit and loss account

19,702

7,063

SHAREHOLDERS' FUNDS

19,902

7,263

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2013 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 31st July 2014 and were signed by:

J H Williams - 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

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

Patents

Patents are valued at cost less accumulated amortisation.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and

depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are

included in creditors net of the finance charge allocated to future periods. The finance element of the rental

payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net

obligations outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2012

and 31st October 2013

130,250

AMORTISATION

At 1st November 2012

5,688

Amortisation for year

750

At 31st October 2013

6,438

NET BOOK VALUE

At 31st October 2013

123,812

At 31st October 2012

124,562

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2012

29,752

Additions

365

Disposals

(12,500

)

At 31st October 2013

17,617

DEPRECIATION

At 1st November 2012

21,565

Charge for year

1,465

Eliminated on disposal

(9,686

)

At 31st October 2013

13,344

NET BOOK VALUE

At 31st October 2013

4,273

At 31st October 2012

8,187

4.

CREDITORS

Creditors include an amount of £ 44,769 (2012 - £ 103,125 ) for which security has been given.

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

2013

2012

£

Repayable by instalments

-

7,069

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

200

Ordinary Shares

£1

200

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the director, Mr J Williams, owed the company £2,664 (2011: £30,147). No interest is

accruing on this balance.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J H Williams.