JESSOP_&_CO_LTD - Accounts

JESSOP & CO LTD - Company Information

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Company Registration No. 08536048 (England and Wales)

JESSOP & CO LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

JESSOP & CO LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

JESSOP & CO LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,439

1,241

Current assets

Debtors

48,420

13,489

Cash at bank and in hand

13,269

6,899

61,689

20,388

Creditors: amounts falling due within one year

(33,315)

(19,164)

Net current assets

28,374

1,224

Total assets less current liabilities

29,813

2,465

Capital and reserves

Called up share capital

100

Profit and loss account

29,713

2,365

Shareholders' funds

29,813

2,465

For the financial year ended 30 June 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 his 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 27 March 2017

Mr P A Jessop

Director

Company Registration No. 08536048

JESSOP & CO LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 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 and trade discounts.

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% straight line

Fixed assets

Tangible assets

Cost

At 1 July 2015

2,036

Additions

756

At 30 June 2016

2,792

Depreciation

At 1 July 2015

795

Charge for the year

558

At 30 June 2016

1,353

Net book value

At 30 June 2016

1,439

At 30 June 2015

1,241

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100

JESSOP & CO LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Ultimate parent company

The Company is controlled by Mr P A Jessop by way of his shareholding.