JNB Consulting Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03591623 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

JNB Consulting Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J N Bradbury

SECRETARY:

M J Bradbury

REGISTERED OFFICE:

31 Mayfield Road

Gosforth

Newcastle Upon Tyne

NE3 4HE

REGISTERED NUMBER:

03591623 (England and Wales)

ACCOUNTANTS:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

FIXED ASSETS

Tangible assets

2

1,209

828

Investment property

3

56,000

56,000

57,209

56,828

CURRENT ASSETS

Debtors

4

205,631

470,284

Investments

90,048

91,697

Cash at bank

26,293

14,956

321,972

576,937

CREDITORS

Amounts falling due within one year

6,665

20,701

NET CURRENT ASSETS

315,307

556,236

TOTAL ASSETS LESS CURRENT LIABILITIES

372,516

613,064

CAPITAL AND RESERVES

Called up share capital

5

10

10

Revaluation reserve

1,713

1,713

Profit and loss account

370,793

611,341

SHAREHOLDERS' FUNDS

372,516

613,064

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 5 March 2015 and were signed by:

J N Bradbury - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008).

Turnover

Turnover represents the invoiced value of services provided net of 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.

Fixtures and equipment

-

25% on reducing balance

Investment property

Investment property is not depreciated but is periodically revalued to its open market value in accordance with

the Financial Reporting Standard for Smaller Entities ( effective April 2008 ) with any surplus or deficit being

transferred to a revaluation reserve in the first instance. This treatment constitutes an override of the

Companies Act requirement to depreciate fixed assets and is considered necessary in order to give a true and

fair view as the investment property is held for its investment potential.

Pension costs and other post-retirement benefits

The company does not operate a company pension scheme but makes contributions to a personal pension

scheme of the director. Contributions payable for the year are charged in the profit and loss account.

Current asset investments

Current asset investments are stated at the lower of cost and market value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

1,587

Additions

782

At 30 June 2014

2,369

DEPRECIATION

At 1 July 2013

759

Charge for year

401

At 30 June 2014

1,160

NET BOOK VALUE

At 30 June 2014

1,209

At 30 June 2013

828

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 July 2013

and 30 June 2014

56,000

NET BOOK VALUE

At 30 June 2014

56,000

At 30 June 2013

56,000

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 181,200 (2013 - £ 451,132 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

Ordinary

£1

10

10

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2014 and

30 June 2013:

2014

2013

£

£

J N Bradbury

Balance outstanding at start of year

4,742

2,850

Amounts advanced

4,992

1,892

Amounts repaid

-

-

Balance outstanding at end of year

9,734

4,742