JOYNER_AND_MASON_LIMITED - Accounts

JOYNER & MASON LIMITED - Company Information

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Company Registration No. 07250429 (England and Wales)

JOYNER AND MASON LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

JOYNER AND MASON LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

JOYNER AND MASON LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

8,706

11,607

Current assets

Debtors

71,195

168,538

Cash at bank and in hand

354,460

567,115

425,655

735,653

Creditors: amounts falling due within one year

(102,833)

(184,026)

Net current assets

322,822

551,627

Total assets less current liabilities

331,528

563,234

Provisions for liabilities

(1,741)

(2,321)

329,787

560,913

Capital and reserves

Called up share capital

100

Profit and loss account

329,687

560,813

Shareholders' funds

329,787

560,913

For the financial year ended 31 March 2016 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 10 June 2016

R Parker

O Davies

Director

Company Registration No. 07250429

JOYNER AND MASON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 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 January 2015).

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.

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:

Plant and machinery

25% on written down value

Computer equipment

25% on written down value

Motor vehicles

25% on written down value

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.

1.5

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.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

24,885

Depreciation

At 1 April 2015

13,278

Charge for the year

2,901

At 31 March 2016

16,179

Net book value

At 31 March 2016

8,706

At 31 March 2015

11,607

JOYNER AND MASON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

10,000 ordinary shares of 1p each

100

Related party relationships and transactions

Loans to director

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

R Parker

944