Godrich JPI Limited - Abbreviated accounts

Registered number

08161850

Godrich JPI Limited

Abbreviated Accounts

31 August 2014

Godrich JPI Limited
Registered number:		08161850
Abbreviated Balance Sheet
as at 31 August 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		380			507

Current assets
Stocks		4,215			-
Cash at bank and in hand		1,472			3,484
		5,687			3,484

Creditors: amounts falling due within one year		(5,826)			(3,878)

Net current liabilities			(139)			(394)

Total assets less current liabilities			241			113


Provisions for liabilities			(76)			(104)


Net assets			165			9

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			65			(91)

Shareholder's funds			165			9

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr N Godrich
Director
Approved by the board on 5 March 2015

Godrich JPI Limited
Notes to the Abbreviated Accounts
for the year ended 31 August 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	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.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line

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

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.



2	Tangible fixed assets					£

	Cost
	At 1 September 2013					634
	At 31 August 2014					634

	Depreciation
	At 1 September 2013					127
	Charge for the year					127
	At 31 August 2014					254

	Net book value
	At 31 August 2014					380
	At 31 August 2013					507


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100