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REGISTERED NUMBER: 00328839 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

J. & B. EMMETT LIMITED

J. & B. EMMETT LIMITED (REGISTERED NUMBER: 00328839)






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


J. & B. EMMETT LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTORS: J F Emmett
B G Emmett





SECRETARY: Mrs H A Emmett





REGISTERED OFFICE: Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG





REGISTERED NUMBER: 00328839 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

J. & B. EMMETT LIMITED (REGISTERED NUMBER: 00328839)

BALANCE SHEET
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 118,885 148,607
Tangible assets 5 106,293 139,187
225,178 287,794

CURRENT ASSETS
Debtors 6 277,830 121,689
Cash at bank and in hand 398 58,741
278,228 180,430
CREDITORS
Amounts falling due within one year 7 251,128 269,168
NET CURRENT ASSETS/(LIABILITIES) 27,100 (88,738 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

252,278

199,056

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 249,278 196,056
SHAREHOLDERS' FUNDS 252,278 199,056

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.

J. & B. EMMETT LIMITED (REGISTERED NUMBER: 00328839)

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 7 September 2018 and were signed on its behalf by:





B G Emmett - Director


J. & B. EMMETT LIMITED (REGISTERED NUMBER: 00328839)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

J. & B. Emmett 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 is the storage income receivable by the company and is recognised as it accrues.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five 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.
Land and buildings - over remaining term of lease
Plant and machinery etc - 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

J. & B. EMMETT LIMITED (REGISTERED NUMBER: 00328839)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Basic financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 (Section 1A) are measured at amortised cost.
The company does not have any other Financial Instrument as covered by Section 12 of FRS 102 (Section 1A).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 220,158
AMORTISATION
At 1 April 2017 71,551
Charge for year 29,722
At 31 March 2018 101,273
NET BOOK VALUE
At 31 March 2018 118,885
At 31 March 2017 148,607

During the year the partners reconsidered the useful economic life of the goodwill. It was decided it was more
appropriate to amortise it over 5 years, from the current year.

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2017 308,186 507,535 815,721
Additions - 9,460 9,460
At 31 March 2018 308,186 516,995 825,181
DEPRECIATION
At 1 April 2017 243,286 433,248 676,534
Charge for year 21,417 20,937 42,354
At 31 March 2018 264,703 454,185 718,888
NET BOOK VALUE
At 31 March 2018 43,483 62,810 106,293
At 31 March 2017 64,900 74,287 139,187

J. & B. EMMETT LIMITED (REGISTERED NUMBER: 00328839)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 8,097 12,655
Other debtors 269,733 109,034
277,830 121,689

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 57,578 727
Trade creditors 90,561 84,201
Taxation and social security 29,970 31,504
Other creditors & accruals 73,019 152,736
251,128 269,168

8. ULTIMATE CONTROLLING PARTY

The ultimate controling party is J F Emmett by virtue of the holding of 76% of the ordinary share capital.