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REGISTERED NUMBER: 09458042 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Don Jeffs & Sons Limited

Don Jeffs & Sons Limited (Registered number: 09458042)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Don Jeffs & Sons Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Mr D C Jeffs
Mr S A Jeffs





REGISTERED OFFICE: 295/297 Church Street
Blackpool
Lancashire
FY1 3PJ





BUSINESS ADDRESS: Unit 2A
Longacres Business Park
Back Lane
Stalmine
Lancashire
FY6 0FF





REGISTERED NUMBER: 09458042 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

Don Jeffs & Sons Limited (Registered number: 09458042)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,500 20,000
Tangible assets 5 13,211 16,520
30,711 36,520

CURRENT ASSETS
Stocks 500 15,832
Debtors 6 60,591 70,945
Cash at bank and in hand 90,739 83,622
151,830 170,399
CREDITORS
Amounts falling due within one year 7 127,781 153,604
NET CURRENT ASSETS 24,049 16,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,760

53,315

PROVISIONS FOR LIABILITIES 2,040 2,565
NET ASSETS 52,720 50,750

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 52,620 50,650
SHAREHOLDERS' FUNDS 52,720 50,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

Don Jeffs & Sons Limited (Registered number: 09458042)

Balance Sheet - continued
31 March 2018


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 Board of Directors on 2 November 2018 and were signed on its behalf
by:




Mr D C Jeffs - Director



Mr S A Jeffs - Director


Don Jeffs & Sons Limited (Registered number: 09458042)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Don Jeffs & Sons 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

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 represents the value of goods and services provided to customers net of VAT to the extent that there is
a right to consideration and is recorded at the value of the consideration due.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

Don Jeffs & Sons Limited (Registered number: 09458042)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 25,000
AMORTISATION
At 1 April 2017 5,000
Amortisation for year 2,500
At 31 March 2018 7,500
NET BOOK VALUE
At 31 March 2018 17,500
At 31 March 2017 20,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2017 5,481 17,152 22,633
Additions 492 - 492
At 31 March 2018 5,973 17,152 23,125
DEPRECIATION
At 1 April 2017 1,450 4,663 6,113
Charge for year 679 3,122 3,801
At 31 March 2018 2,129 7,785 9,914
NET BOOK VALUE
At 31 March 2018 3,844 9,367 13,211
At 31 March 2017 4,031 12,489 16,520

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 59,418 69,619
Prepayments 1,173 1,326
60,591 70,945

Don Jeffs & Sons Limited (Registered number: 09458042)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 6,903 4,518
Tax 17,994 15,364
Social security and other taxes 12,483 152
Directors' loan accounts 87,437 130,701
Accrued expenses 2,964 2,869
127,781 153,604

8. RESERVES
Retained
earnings
£   

At 1 April 2017 50,650
Profit for the year 71,970
Dividends (70,000 )
At 31 March 2018 52,620