JJV Engineering Consultancy Limited - Period Ending 2015-03-31

Registration number: 06302816

JJV Engineering Consultancy Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

JJV Engineering Consultancy Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

JJV Engineering Consultancy Limited
(Registration number: 06302816)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					693			289
Current assets
Stocks					5,282			5,282
Debtors					14,070			12,128
Cash at bank and in hand					72,751			99,114
					92,103			116,524
Creditors: Amounts falling due within one year					(18,357)			(22,139)
Net current assets					73,746			94,385
Total assets less current liabilities					74,439			94,674
Provisions for liabilities					(139)			(58)
Net assets					74,300			94,616
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					74,200			94,516
Shareholders' funds					74,300			94,616

For the year ending 31 March 2015 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 15 May 2015 and signed on its behalf by:

.........................................
J Vekony
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

JJV Engineering Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the total invoice value (including amounts not yet invoiced by the year end) of services provided to the company's clients during the financial year under review

Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows

Asset class	Depreciation method and rate
Plant and machinery	33% straight line

Stock

Stock is valued at the lower of cost and net realisable value

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

JJV Engineering Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		8,973			8,973
Additions		821			821
At 31 March 2015		9,794			9,794
Depreciation
At 1 April 2014		8,684			8,684
Charge for the year		417			417
At 31 March 2015		9,101			9,101
Net book value
At 31 March 2015		693			693
At 31 March 2014		289			289

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3