Abbreviated Company Accounts - JMK ENTERPRISES LIMITED

JMK ENTERPRISES LIMITED - Company Information

Registered Number NI044157

JMK ENTERPRISES LIMITED

Abbreviated Accounts

31 December 2014

JMK ENTERPRISES LIMITED Registered Number NI044157

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	28,696	32,284
Tangible assets	3	750,250	728,950
		778,946	761,234
Current assets
Stocks		45,275	40,950
Debtors		4,835	5,628
Cash at bank and in hand		18,318	23,727
		68,428	70,305
Creditors: amounts falling due within one year		(146,530)	(160,952)
Net current assets (liabilities)		(78,102)	(90,647)
Total assets less current liabilities		700,844	670,587
Creditors: amounts falling due after more than one year		(155,768)	(216,922)
Provisions for liabilities		(9,104)	(4,636)
Accruals and deferred income		(16,867)	(21,467)
Total net assets (liabilities)		519,105	427,562
Capital and reserves
Called up share capital		4,400	4,400
Revaluation reserve		170,084	170,084
Profit and loss account		344,621	253,078
Shareholders' funds		519,105	427,562

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 5 March 2015

And signed on their behalf by:
John McKenna, Director

JMK ENTERPRISES LIMITED Registered Number NI044157

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance

2Intangible fixed assets

	£
Cost
At 1 January 2014	32,284
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	32,284
Amortisation
At 1 January 2014	-
Charge for the year	3,588
On disposals	-
At 31 December 2014	3,588
Net book values
At 31 December 2014	28,696
At 31 December 2013	32,284

3Tangible fixed assets

	£
Cost
At 1 January 2014	825,732
Additions	34,558
Disposals	(4,150)
Revaluations	-
Transfers	-
At 31 December 2014	856,140
Depreciation
At 1 January 2014	96,782
Charge for the year	12,563
On disposals	(3,455)
At 31 December 2014	105,890
Net book values
At 31 December 2014	750,250
At 31 December 2013	728,950