| Dr. JOHN CRISWELL Ltd. |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Dr. JOHN CRISWELL Ltd. for the year ended 31 March 2014 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Dr. JOHN CRISWELL Ltd. for the year ended 31 March 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Dr. JOHN CRISWELL Ltd., as a body, in accordance with the terms of our engagement letter dated 24 August 2010. Our work has been undertaken solely to prepare for your approval the accounts of Dr. JOHN CRISWELL Ltd. and state those matters that we have agreed to state to the Board of Directors of Dr. JOHN CRISWELL Ltd., as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dr. JOHN CRISWELL Ltd. and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Dr. JOHN CRISWELL Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Dr. JOHN CRISWELL Ltd.. You consider that Dr. JOHN CRISWELL Ltd. is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Dr. JOHN CRISWELL Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| David Edmonds Ltd. |
| Chartered Accountants |
| Land Court Lane House |
| Tytherley Road |
| Winterslow |
| Salisbury, Wilts |
| SP5 1PZ |
|
| 15 December 2014 |
|
| Dr. JOHN CRISWELL Ltd. |
| Registered number: |
06851122 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
- |
|
|
21,000 |
| Investments |
3 |
|
|
- |
|
|
50 |
|
|
|
|
- |
|
|
21,050 |
|
| Current assets |
| Debtors |
|
|
- |
|
|
55,761 |
| Investments held as current assets |
|
|
113,426 |
|
|
151,690 |
| Cash at bank and in hand |
|
|
76,263 |
|
|
34,372 |
|
|
|
189,689 |
|
|
241,823 |
|
| Creditors: amounts falling due within one year |
|
|
(20,564) |
|
|
(28,667) |
|
| Net current assets |
|
|
|
169,125 |
|
|
213,156 |
|
| Total assets less current liabilities |
|
|
|
169,125 |
|
|
234,206 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
- |
|
|
(8,059) |
|
| Provisions for liabilities |
|
|
|
- |
|
|
(4,183) |
|
|
| Net assets |
|
|
|
169,125 |
|
|
221,964 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
169,025 |
|
|
221,864 |
|
| Shareholders' funds |
|
|
|
169,125 |
|
|
221,964 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
| Dr J C Criswell |
| Director |
| Approved by the board on 15 December 2014 |
|
| Dr. JOHN CRISWELL Ltd. |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office equipment |
33% Reducing balance |
|
Motor Vehicles |
25% Reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
33,834 |
|
Disposals |
(33,834) |
|
At 31 March 2014 |
- |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
12,834 |
|
On disposals |
(12,834) |
|
At 31 March 2014 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
- |
|
At 31 March 2013 |
21,000 |
|
|
|
|
|
|
|
|
| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 April 2013 |
50 |
|
Disposals |
(50) |
|
|
At 31 March 2014 |
- |
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Dr. J C Criswell |
|
Loan repaid on the 28th April 2013 |
15,000 |
|
- |
|
(15,000) |
|
- |
|
|
Mrs. C B A Criswell |
|
Loan repaid on the 28th April 2013 |
15,000 |
|
- |
|
(15,000) |
|
- |
|
|
|
30,000 |
|
- |
|
(30,000) |
|
- |
|
|
|
|
|
|
|
|
|
