J & M Refrigeration Ltd - Accounts

J & M Refrigeration Ltd - Accounts

J & M REFRIGERATION LTD - Company Information

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Registered number
08245906
J & M Refrigeration Ltd
Report and Accounts
31 March 2015
J & M Refrigeration Ltd
Report and accounts
Contents
Page
Director's report 1
Profit and loss account 2
Balance sheet 3
Notes to the accounts 4-7
J & M Refrigeration Ltd
Registered number: 08245906
Director's Report
The director presents his report and accounts for the year ended 31 March 2015.
Principal activities
The company's principal activity during the year continued to be maintenance of air conditioning units
Directors
The following persons served as directors during the year:
WAC Fernando
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 14 May 2015 and signed on its behalf.
WAC Fernando
Director
J & M Refrigeration Ltd
Profit and Loss Account
for the year ended 31 March 2015
Notes 2015 2014
£ £
Turnover 31,339 47,535
Cost of sales (16,494) (23,830)
Gross profit 14,845 23,705
Administrative expenses (8,208) (16,846)
Operating profit 2 6,637 6,859
Profit on ordinary activities before taxation 6,637 6,859
Tax on profit on ordinary activities 3 (1,409) (1,455)
Profit for the financial year 5,228 5,404
J & M Refrigeration Ltd
Balance Sheet
as at 31 March 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 4 5,694 6,626
Current assets
Stocks 275 300
Debtors 5 286 3,415
Cash at bank and in hand 1,169 3,788
1,730 7,503
Creditors: amounts falling due within one year 6 (6,291) (8,724)
Net current liabilities (4,561) (1,221)
Net assets 1,133 5,405
Capital and reserves
Called up share capital 7 1 1
Profit and loss account 8 1,132 5,404
Shareholder's funds 1,133 5,405
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.
WAC Fernando
Director
Approved by the board on 14 May 2015
J & M Refrigeration Ltd
Notes to the Accounts
for the year ended 31 March 2015
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 April 2008).
Turnover
Turnover represents the value, 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
Motor vehicles 20% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Operating profit 2015 2014
£ £
This is stated after charging:
Depreciation of owned fixed assets 1,838 1,356
3 Taxation 2015 2014
£ £
UK corporation tax 1,409 1,455
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2014 6,782 1,500 8,282
Additions 906 - 906
At 31 March 2015 7,688 1,500 9,188
Depreciation
At 1 April 2014 1,356 300 1,656
Charge for the year 1,538 300 1,838
At 31 March 2015 2,894 600 3,494
Net book value
At 31 March 2015 4,794 900 5,694
At 31 March 2014 5,426 1,200 6,626
5 Debtors 2015 2014
£ £
Other debtors 286 3,415
6 Creditors: amounts falling due within one year 2015 2014
£ £
Trade creditors 831 621
Corporation tax 1,409 1,455
Other creditors 4,051 6,648
6,291 8,724
7 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
8 Profit and loss account 2015
£
At 1 April 2014 5,404
Profit for the year 5,228
Dividends (9,500)
At 31 March 2015 1,132
9 Dividends 2015 2014
£ £
Dividends for which the company became liable during the year:
Dividends paid 9,500 -
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