JOHN_NEWBERY_LIMITED - Accounts

JOHN NEWBERY LIMITED - Company Information

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Company Registration No. 02400851 (England and Wales)

JOHN NEWBERY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2014

JOHN NEWBERY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

JOHN NEWBERY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

9,689

11,625

Investments

9,690

11,626

Current assets

Stocks

185,448

193,702

Debtors

182,895

187,568

Cash at bank and in hand

223,203

189,668

591,546

570,938

Creditors: amounts falling due within one year

(372,612)

(373,882)

Net current assets

218,934

197,056

Total assets less current liabilities

228,624

208,682

Capital and reserves

Called up share capital

16,000

Profit and loss account

212,624

192,682

Shareholders' funds

228,624

208,682

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 for issue on 28 December 2014

Mr N Lenham

Director

Company Registration No. 02400851

JOHN NEWBERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

- 2 -

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:

Land and buildings Leasehold

Nil

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

1.5

Leasing

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

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Stock

Stock is valued at the lower of cost and net realisable value.

1.8

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.9

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.10

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

JOHN NEWBERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 July 2013

102,493

102,494

Additions

8,956

Disposals

(97,845)

At 30 June 2014

13,604

13,605

Depreciation

At 1 July 2013

90,868

On disposals

(91,192)

Charge for the year

4,239

At 30 June 2014

3,915

Net book value

At 30 June 2014

9,689

9,690

At 30 June 2013

11,625

11,626

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Newbery Leisure limited

England

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

Newbery Leisure limited

Sale of leisurewear

(204,833)

(111,384)

JOHN NEWBERY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

16,000 Ordinary shares of £1 each

16,000

Ultimate parent company

The ultimate parent company is Splice Investments Limited, a company registered in England and Wales.