Jollys Promotion Ltd - Limited company - abbreviated

REGISTERED NUMBER: NI614856 (Northern Ireland)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

for

Jollys Promotion Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S McQuaid

A McQuaid

SECRETARY:

REGISTERED OFFICE:

73 Lislasly Road

Moy

Dungannon

Co. Tyrone

BT71 6TB

REGISTERED NUMBER:

NI614856 (Northern Ireland)

ACCOUNTANTS:

WHR Accountants Ltd

Chartered Certified Accountants

Statutory Auditors

56 English Street

Armagh

Co. Armagh

BT61 7LG

FIXED ASSETS

Intangible assets

2

28,199

31,724

Tangible assets

3

15,667

19,600

43,866

51,324

CURRENT ASSETS

Stocks

1,500

Debtors

100

1,600

CREDITORS

Amounts falling due within one year

19,646

21,329

NET CURRENT LIABILITIES

(18,046

)

(19,729

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,820

31,595

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

25,720

31,495

SHAREHOLDERS' FUNDS

25,820

31,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 23 July 2015 and were signed on its behalf by:

A McQuaid - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

35,249

AMORTISATION

At 1 November 2013

3,525

Amortisation for year

3,525

At 31 October 2014

7,050

NET BOOK VALUE

At 31 October 2014

28,199

At 31 October 2013

31,724

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

24,500

Additions

17,408

Disposals

(24,500

)

At 31 October 2014

17,408

DEPRECIATION

At 1 November 2013

4,900

Charge for year

1,741

Eliminated on disposal

(4,900

)

At 31 October 2014

1,741

NET BOOK VALUE

At 31 October 2014

15,667

At 31 October 2013

19,600

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

100

Share capital 1

100

Jollys Promotion Ltd - Limited company - abbreviated - 11.6

Jollys Promotion Ltd - Limited company - abbreviated - 11.6