Jerry Howarth Pork Butchers Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06192707 (England and Wales)

Abbreviated Accounts For The Year Ended 31st March 2014

for

Jerry Howarth Pork Butchers Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs M Howarth

T J Howarth

M R Howarth

SECRETARY:

Mrs L Wint

REGISTERED OFFICE:

64 High Street

Belper

Derbyshire

DE56 1GF

REGISTERED NUMBER:

06192707 (England and Wales)

ACCOUNTANTS:

L& S Accountancy Services

64 High Street

Belper

Derbyshire

DE56 1GF

FIXED ASSETS

Tangible assets

2

4,907

5,415

CURRENT ASSETS

Stocks

7,330

4,930

Debtors

6,801

7,253

Cash at bank and in hand

13,938

23,839

28,069

36,022

CREDITORS

Amounts falling due within one year

21,320

24,852

NET CURRENT ASSETS

6,749

11,170

TOTAL ASSETS LESS CURRENT LIABILITIES

11,656

16,585

CREDITORS

Amounts falling due after more than one year

(4,947

)

(5,264

)

PROVISIONS FOR LIABILITIES

(800

)

(862

)

NET ASSETS

5,909

10,459

CAPITAL AND RESERVES

Called up share capital

3

54

54

Profit and loss account

5,855

10,405

SHAREHOLDERS' FUNDS

5,909

10,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26th November 2014 and were signed on its behalf by:

T J Howarth - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

13,945

Additions

199

At 31st March 2014

14,144

DEPRECIATION

At 1st April 2013

8,530

Charge for year

707

At 31st March 2014

9,237

NET BOOK VALUE

At 31st March 2014

4,907

At 31st March 2013

5,415

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

£

50

Share capital - Class A

£1

50

50

1

Share capital - Class B

£1

1

1

1

Share capital - Class C

£1

1

1

1

Share capital - Class D

£1

1

1

1

Share capital - Class E

£1

1

1

54

54

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st March 2014 the company owed to it's directors Mrs. M. Howarth and Mr. T. J. Howarth the sum of

£4,332 (2013: £4,353). This amount is unsecured , interest free and has no fixed repayment terms.