Jacob Carr Homes Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04640751 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2016

FOR

JACOB CARR HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Burton

REGISTERED OFFICE:

The Haven Business Centre 2 The Studland

161 Banks Road

Poole

Dorset

BH13 7QL

REGISTERED NUMBER:

04640751 (England and Wales)

ACCOUNTANTS:

Cook & Partners Limited

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

4

24,652

3,926

CURRENT ASSETS

Debtors

5

158,004

646,759

Cash at bank

5,517

288,168

163,521

934,927

CREDITORS

Amounts falling due within one year

6

195,020

539,119

NET CURRENT (LIABILITIES)/ASSETS

(31,499

)

395,808

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,847

)

399,734

PROVISIONS FOR LIABILITIES

785

785

NET (LIABILITIES)/ASSETS

(7,632

)

398,949

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(7,732

)

398,849

(7,632

)

398,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 11th July 2017 and were signed by:

G Burton - Director

1.	STATUTORY INFORMATION

Jacob Carr Homes Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Accounting convention

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 30 November 2016 are the first financial statements that comply

with FRS 102 Section 1A. The date of transition is 01 December 2015. The transition to FRS 102 Section 1A

small entities has resulted in different accounting policies to those used previously. There is no material impact

on opening equity and profit for the comparative period.

Going Concern Justification

The directors have assessed various factors and risks affecting the company and its ability in these difficult

economic times to continue to trade as a going concern. The directors have not identified any material

uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets

and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31 December

2016 have been prepared using the going concern basis of accounting.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

33% on cost and 25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Property for resale

Property for resale is valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Hire purchase and leasing commitments

Rental paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

First year adoption

The company adopted FRS 102 Section 1A from 01/12/2015 onwards.

There are no material impacts of this change in the comparative figures.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2015

10,992

Additions

32,971

At 30th November 2016

43,963

DEPRECIATION

At 1st December 2015

7,066

Charge for year

12,245

At 30th November 2016

19,311

NET BOOK VALUE

At 30th November 2016

24,652

At 30th November 2015

3,926

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

158,004

462,563

Amounts recoverable on contract

-

175,000

Other debtors

-

9,196

158,004

646,759

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

158,937

63,297

Taxation and social security

31,954

94,409

Other creditors

4,129

381,413

195,020

539,119