ALISON_JACQUES_LIMITED - Accounts

ALISON JACQUES LIMITED - Company Information

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Company Registration No. 04961190 (England and Wales)

ALISON JACQUES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

ALISON JACQUES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ALISON JACQUES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

73,144

116,725

Current assets

Stocks

554,387

351,417

Debtors

777,033

585,343

Cash at bank and in hand

806,658

1,085,304

2,138,078

2,022,064

Creditors: amounts falling due within one year

(1,745,614)

(1,640,618)

Net current assets

392,464

381,446

Total assets less current liabilities

465,608

498,171

Creditors: amounts falling due after more than one year

(31,641)

(56,953)

Provisions for liabilities

(3,877)

(3,983)

430,090

437,235

Capital and reserves

Called up share capital

Other reserves

Profit and loss account

429,990

437,135

Shareholders' funds

430,090

437,235

ALISON JACQUES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 18 January 2017

Alison Jacques

Director

Company Registration No. 04961190

ALISON JACQUES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

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 invoiced sales from stock, as well as works consigned by artists represented by the gallery.

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

10% straight line

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

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for slow moving stocks. Net realisable value is based on the selling price less anticipated costs to completion and selling costs.

1.7

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period during which they become payable in accordance with the rules of the scheme.

1.8

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

ALISON JACQUES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Fixed assets

Tangible assets

Cost

At 1 May 2015

652,039

Additions

7,311

At 30 April 2016

659,350

Depreciation

At 1 May 2015

535,314

Charge for the year

50,892

At 30 April 2016

586,206

Net book value

At 30 April 2016

73,144

At 30 April 2015

116,725

Share capital

2016

2015

Allotted, called up and fully paid

77 Class A of £1 each

3 Class B of £1 each