JDW (Holdings) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04558642 (England and Wales)

JDW (HOLDINGS) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST OCTOBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

Chartered Accountants' Report

7

DIRECTOR:

Mr J D Williams

SECRETARY:

Mrs A S Williams

REGISTERED OFFICE:

216 Newtown Road

Worcester

Worcestershire

WR5 1JF

REGISTERED NUMBER:

04558642 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

The Royal Bank of Scotland plc

5-9 St Nicholas Street

Worcester

WR1 1UR

FIXED ASSETS

Intangible assets

2

-

11,250

Tangible assets

3

2,896

5,300

Investments

4

100

-

2,996

16,550

CURRENT ASSETS

Stocks

-

2,228

Debtors

4,121

4,186

Cash in hand

-

459

4,121

6,873

CREDITORS

Amounts falling due within one year

5

18,502

20,773

NET CURRENT LIABILITIES

(14,381

)

(13,900

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,385

)

2,650

CREDITORS

Amounts falling due after more than one year

5

-

1,762

NET (LIABILITIES)/ASSETS

(11,385

)

888

CAPITAL AND RESERVES

Called up share capital

6

250

150

Profit and loss account

(11,635

)

738

SHAREHOLDERS' FUNDS

(11,385

)

888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2014 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 1st April 2015 and were signed by:

Mr J D 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).

Preparation of consolidated financial statements

The financial statements contain information about JDW (Holdings) Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Goodwill has been disposed due to the cessation of the newsagent trade.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not

appropriate adjustments would have to be made to reduce assets to recoverable amounts to provide for any

further liabilities that might arise and to re-classify fixed assets as current assets and long term liabilities as

current liabilities.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2013

25,000

Disposals

(25,000

)

At 31st October 2014

-

AMORTISATION

At 1st November 2013

13,750

Eliminated on disposal

(13,750

)

At 31st October 2014

-

NET BOOK VALUE

At 31st October 2014

-

At 31st October 2013

11,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2013

16,087

Disposals

(10,175

)

At 31st October 2014

5,912

DEPRECIATION

At 1st November 2013

10,787

Charge for year

1,018

Eliminated on disposal

(8,789

)

At 31st October 2014

3,016

NET BOOK VALUE

At 31st October 2014

2,896

At 31st October 2013

5,300

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

100

At 31st October 2014

100

NET BOOK VALUE

At 31st October 2014

100

The company's investments at the balance sheet date in the share capital of companies include the following:

A J Removals (Worcester) Limited

Nature of business: Removal company

%

Class of shares:

holding

Ordinary A

100.00

2014

£

Aggregate capital and reserves

3,729

Profit for the year

3,629

5.

CREDITORS

Creditors include an amount of £ 0 (2013 - £ 12,991 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

200

Ordinary A

£1

200

100

(2013 - 100 )

50

Ordinary B

£1

50

50

250

150

100 Ordinary A shares of £1 each were allotted and fully paid for cash at par during the year.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of JDW (Holdings) Limited for the year ended 31st October 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of JDW (Holdings) Limited in accordance with our terms of engagement. Our

work has been undertaken solely to prepare for your approval the financial statements of JDW (Holdings) Limited and

state those matters that we have agreed to state to the director of JDW (Holdings) Limited in this report in accordance

with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that JDW (Holdings) Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and loss of JDW (Holdings)

Limited. You consider that JDW (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JDW (Holdings) Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

1st April 2015