Abbreviated Company Accounts - JJL GROUNDWORKS (AYR) LTD.

JJL GROUNDWORKS (AYR) LTD. - Company Information

Registered Number SC256402

JJL GROUNDWORKS (AYR) LTD.

Abbreviated Accounts

31 March 2015

JJL GROUNDWORKS (AYR) LTD. Registered Number SC256402

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	542,054	406,560
		542,054	406,560
Current assets
Stocks		745,836	1,102,016
Debtors		369,414	291,249
Cash at bank and in hand		214,771	877
		1,330,021	1,394,142
Creditors: amounts falling due within one year		(805,791)	(885,813)
Net current assets (liabilities)		524,230	508,329
Total assets less current liabilities		1,066,284	914,889
Creditors: amounts falling due after more than one year		0	(10,582)
Total net assets (liabilities)		1,066,284	904,307
Capital and reserves
Called up share capital		2,000	2,000
Profit and loss account		1,064,284	902,307
Shareholders' funds		1,066,284	904,307

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 14 August 2015

And signed on their behalf by:
Martin J Lymburn, Director
James T Lymburn, Director

JJL GROUNDWORKS (AYR) LTD. Registered Number SC256402

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate
Plant & Machinery 15% reducing balance
Fixture & Fittings 15% reducing balance
Vehicles 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	1,127,793
Additions	220,645
Disposals	(96,850)
Revaluations	-
Transfers	-
At 31 March 2015	1,251,588
Depreciation
At 1 April 2014	721,233
Charge for the year	60,760
On disposals	(72,459)
At 31 March 2015	709,534
Net book values
At 31 March 2015	542,054
At 31 March 2014	406,560