James Wilson Limited,Ltd - Accounts

James Wilson Limited,Ltd - Accounts

JAMES WILSON LIMITED - Company Information

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2013-02-01 true false Private Limited Company 04350161 2014-01-31 04350161 2013-02-01 2014-01-31 04350161 2013-01-31 04350161 2012-02-01 2013-01-31 04350161 uk-bus:Director1 2013-02-01 2014-01-31 04350161 uk-gaap:ComputerEquipment 2013-02-01 2014-01-31 04350161 uk-gaap:CommercialMotorVehicles 2013-02-01 2014-01-31 04350161 uk-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP
James Wilson Limited
For the year ended 31 January 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04350161
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Contents Page
James Wilson Limited
For the year ended 31 January 2014
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
James Wilson Limited
Accountants' Report
For the year ended 31 January 2014
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31
January 2014 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil
your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Peter Hearne Associates Ltd
2 Parkside Court
Greenhough Road
Lichfield
Staffs
WS13 7FE
10 March 2014
Dated:
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4
Abbreviated Balance Sheet
James Wilson Limited
As at 31 January 2014
04350161
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
2,569
2,969
2,569
2,969
Current assets
Stocks
400
400
Debtors
527
1,804
Cash at bank and in hand
1,588
-
3,792
927
Creditors: amounts falling due within one year
(3,163)
(9,496)
(2,236)
(5,704)
Net current liabilities
Total assets less current liabilities
(3,135)
733
(3,135)
Net assets/liabilities
733
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
(3,235)
633
(3,135)
733
Shareholders funds
For the year ended 31 January 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 10 March 2014
Mr James David Foster Wilson Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
James Wilson Limited
For the year ended 31 January 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment
15% Reducing balance
Motor Vehicles
25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
12,229
At 01 February 2013
716
Additions
(479)
Disposals
At 31 January 2014
12,466
Depreciation
9,260
At 01 February 2013
(299)
Disposals
936
Charge for year
9,897
At 31 January 2014
Net book values
At 31 January 2014
2,569
2,969
At 31 January 2013
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Notes to the Abbreviated Financial Statements
James Wilson Limited
For the year ended 31 January 2014
3 Share capital
Allotted called up and fully paid
2014
2013
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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