J L Surfacing Ltd - Accounts to registrar (filleted) - small 17.3

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REGISTERED NUMBER: 09592556 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st May 2017

for

J L Surfacing Ltd

Page

Company Information

Chartered Accountants' Report

Balance Sheet

Notes to the Financial Statements

DIRECTOR:

Miss L Fielding

REGISTERED OFFICE:

8 Park Street

Lye

Stourbridge

West Midlands

DY9 8SS

REGISTERED NUMBER:

09592556 (England and Wales)

ACCOUNTANTS:

Neil Westwood & Co.

Chartered Accountants

101 Dixons Green Road

Dudley

West Midlands

DY2 7DJ

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of J L Surfacing Ltd for the year ended 31st May 2017 which comprise the

Income Statement, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of J L Surfacing Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J L Surfacing Ltd and state those matters that we have agreed to state to the director of J L Surfacing Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J L Surfacing Ltd and its director for our work or for this report.

It is your duty to ensure that J L Surfacing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J L Surfacing Ltd. You consider that J L Surfacing 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 financial statements of J L Surfacing 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 statutory financial statements.

Neil Westwood & Co.

Chartered Accountants

101 Dixons Green Road

Dudley

West Midlands

DY2 7DJ

16th February 2018

FIXED ASSETS

Tangible assets

41,345

33,559

CURRENT ASSETS

Debtors

30,326

56,325

Cash at bank

11,519

85,180

41,845

141,505

CREDITORS

Amounts falling due within one year

53,074

88,546

NET CURRENT (LIABILITIES)/ASSETS

(11,229

)

52,959

TOTAL ASSETS LESS CURRENT
LIABILITIES

30,116

86,518

CREDITORS

Amounts falling due after more than one
year

(15,700

)

(20,416

)

PROVISIONS FOR LIABILITIES

(7,855

)

(6,712

)

NET ASSETS

6,561

59,390

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

6,461

59,290

SHAREHOLDERS' FUNDS

6,561

59,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 16th February 2018 and were signed by:

Miss L Fielding - Director

1.	STATUTORY INFORMATION

J L Surfacing Ltd 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

Basis of preparing the financial statements

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.

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

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits.

Hire purchase and leasing commitments

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

of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

COST

At 1st June 2016

36,307

Additions

27,999

Disposals

(9,165

)

At 31st May 2017

55,141

DEPRECIATION

At 1st June 2016

2,748

Charge for year

11,531

Eliminated on disposal

(483

)

At 31st May 2017

13,796

NET BOOK VALUE

At 31st May 2017

41,345

At 31st May 2016

33,559

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

Trade debtors

13,451

47,660

Other debtors

1,400

Tax

15,475

7,265

30,326

56,325

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

Tax

16,911

VAT

10,778

41,771

Other creditors

4,357

Directors' current accounts

36,639

28,563

Accrued expenses

1,300

1,301

53,074

88,546

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2017

2016

Bank loans - 1-2 years

15,700

20,416

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

Bank loans

15,700

20,416

9.	PROVISIONS FOR LIABILITIES

2017

2016

Deferred tax

7,855

6,712

Deferred

tax

Balance at 1st June 2016

6,712

Charge to Income Statement during year

1,143

Balance at 31st May 2017

7,855

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss L Fielding.