James and Giles Limited - Abbreviated accounts 16.1
James and Giles Limited - Abbreviated accounts 16.1
| DRAFT |
| REGISTERED NUMBER: |
| Abbreviated Accounts for the Year Ended 31 December 2015 |
| for |
| James and Giles Limited |
| James and Giles Limited (Registered number: 05856175) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 December 2015 |
| DRAFT |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| James and Giles Limited |
| Company Information |
| for the Year Ended 31 December 2015 |
| DRAFT |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| James and Giles Limited (Registered number: 05856175) |
| Abbreviated Balance Sheet |
| 31 December 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| DRAFT |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| James and Giles Limited (Registered number: 05856175) |
| Abbreviated Balance Sheet - continued |
| 31 December 2015 |
| DRAFT |
| The financial statements were approved by the director on |
| James and Giles Limited (Registered number: 05856175) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 December 2015 |
| DRAFT |
| 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 January 2015). |
| Turnover |
| Turnover represents amounts receivable for goods and services net of VAT and trade discounts. |
| Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by |
| including in the profit and loss account, the turnover and related costs as the contract activity progresses. |
| Turnover is calculated as the proportion of total contract value which costs to date compared to the total |
| expected costs for that contract. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Amounts recoverable on long term contracts, which are included in the debtors, are stated at the net sales value |
| of the work done after the provision for the contingencies and the anticipated future losses on the contracts, less |
| amounts received as progress payments on account. Excess progress payments are included in creditors as |
| payments on account. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| Additions |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| James and Giles Limited (Registered number: 05856175) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 December 2015 |
| DRAFT |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2015 |
| Additions |
| At 31 December 2015 |
| DEPRECIATION |
| At 1 January 2015 |
| Charge for year |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 December 2015 and |
| 31 December 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| 7. | RELATED PARTY DISCLOSURES |
| During the year dividends of £30,000 were paid to the director. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is |