Joubert Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06272770

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

Joubert Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

J Joubert

SECRETARY:

Mrs S Joubert

REGISTERED OFFICE:

Third Floor, Scottish Mutual House

27 - 29 North Street

Hornchurch

Essex

RM11 1RS

REGISTERED NUMBER:

06272770

ACCOUNTANTS:

Havard & Associates

Third Floor, Scottish Mutual House

27-29 North Street

Hornchurch

Essex

RM11 1RS

FIXED ASSETS

Intangible assets

2

40,500

48,600

Tangible assets

3

954

1,192

41,454

49,792

CURRENT ASSETS

Stocks

3,000

Debtors

46,311

26,479

Cash at bank

12,844

-

62,155

29,479

CREDITORS

Amounts falling due within one year

67,435

63,111

NET CURRENT LIABILITIES

(5,280

)

(33,632

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

36,174

16,160

CREDITORS

Amounts falling due after more than one
year

10,766

15,764

NET ASSETS

25,408

396

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

25,406

394

SHAREHOLDERS' FUNDS

25,408

396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 15 April 2016 and were signed by:

J Joubert - 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

Goodwill of £81,000 was purchased from the company's director on incorporation on 1 July 2008, having

previously been acquired by the director, in his then capacity as a sole trader from an unrelated third party on 21

September 2004. Goodwill is amortised at 10% per annum using the straight line method.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

81,000

AMORTISATION

At 1 August 2014

32,400

Amortisation for year

8,100

At 31 July 2015

40,500

NET BOOK VALUE

At 31 July 2015

40,500

At 31 July 2014

48,600

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

4,081

DEPRECIATION

At 1 August 2014

2,889

Charge for year

238

At 31 July 2015

3,127

NET BOOK VALUE

At 31 July 2015

954

At 31 July 2014

1,192

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

2

Share capital 1

1

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The Company loaned the director, J Joubert, £12,500 in the previous year. This was repaid in full during the

year. However further loans totalling £ 16,388 were made within the year leaving a directors loan outstanding at

the year end 31st July 2015. The loans were unsecured and interest was charged accordingly at 4% per annum

pro rata.