Jasmi Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06544566 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 April 2014

for

Jasmi Limited

Trading as

Kingsland Pharmacy

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Manji

Mrs M Manji

SECRETARY:

Mrs M Manji

REGISTERED OFFICE:

406 Kingsland Road

London

E8 4AA

REGISTERED NUMBER:

06544566 (England and Wales)

ACCOUNTANTS:

Walji & Associates

336 Pinner Road

Harrow

Middlesex

HA1 4LB

FIXED ASSETS

Intangible assets

2

350,000

375,000

Tangible assets

3

1,032

1,308

351,032

376,308

CURRENT ASSETS

Stocks

43,250

42,500

Debtors

136,147

165,593

Cash at bank and in hand

527,642

756,871

707,039

964,964

CREDITORS

Amounts falling due within one year

488,247

597,799

NET CURRENT ASSETS

218,792

367,165

TOTAL ASSETS LESS CURRENT LIABILITIES

569,824

743,473

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

568,824

742,473

SHAREHOLDERS' FUNDS

569,824

743,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 15 January 2015 and were signed on its behalf by:

M Manji - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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 etc

-

25% on cost

Stocks

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

moving items.

Pensions

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in

the profit and loss account.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

500,000

AMORTISATION

At 1 May 2013

125,000

Amortisation for year

25,000

At 30 April 2014

150,000

NET BOOK VALUE

At 30 April 2014

350,000

At 30 April 2013

375,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

57,423

Additions

100

At 30 April 2014

57,523

DEPRECIATION

At 1 May 2013

56,115

Charge for year

376

At 30 April 2014

56,491

NET BOOK VALUE

At 30 April 2014

1,032

At 30 April 2013

1,308

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

1,000

Ordinary

1

1,000

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES