Junction Inc Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07850882 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

FOR

JUNCTION INC LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms A Malone

N Blower

REGISTERED OFFICE:

17 Windmill Hill

Wrotham Heath

Sevenoaks

Kent

TN15 7SU

REGISTERED NUMBER:

07850882 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,489

870

CURRENT ASSETS

Stocks

8,260

900

Debtors

1,652

5,700

Cash at bank and in hand

2,858

5,757

12,770

12,357

CREDITORS

Amounts falling due within one year

3,026

6,358

NET CURRENT ASSETS

9,744

5,999

TOTAL ASSETS LESS CURRENT LIABILITIES

11,233

6,869

PROVISIONS FOR LIABILITIES

298

174

NET ASSETS

10,935

6,695

RESERVES

Profit and loss account

10,935

6,695

SHAREHOLDERS' FUNDS

10,935

6,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 9 August 2014 and were signed on its behalf by:

N Blower - Director

Ms A Malone - 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.

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

1,160

Additions

1,116

At 30 November 2013

2,276

DEPRECIATION

At 1 December 2012

290

Charge for year

497

At 30 November 2013

787

NET BOOK VALUE

At 30 November 2013

1,489

At 30 November 2012

870

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

£0.00

5

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