JB Development Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06604371 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

JB Development Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J M Blundell

SECRETARY:

East Partnership Limited

REGISTERED OFFICE:

Mill House

103 Holmes Avenue

Hove

East Sussex

BN3 7LE

REGISTERED NUMBER:

06604371 (England and Wales)

ACCOUNTANTS:

East Partnership Limited

Mill House

103 Holmes Avenue

HOVE

BN3 7LE

FIXED ASSETS

Intangible assets

2

3,640

3,920

Tangible assets

3

668

893

4,308

4,813

CURRENT ASSETS

Debtors

6,371

1,800

Cash at bank

105

1

6,476

1,801

CREDITORS

Amounts falling due within one year

10,508

6,404

NET CURRENT LIABILITIES

(4,032

)

(4,603

)

TOTAL ASSETS LESS CURRENT LIABILITIES

276

210

PROVISIONS FOR LIABILITIES

134

178

NET ASSETS

142

32

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

141

31

SHAREHOLDERS' FUNDS

142

32

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10 September 2015 and were signed by:

J M Blundell - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance and 15% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

5,600

AMORTISATION

At 1 June 2014

1,680

Amortisation for year

280

At 31 May 2015

1,960

NET BOOK VALUE

At 31 May 2015

3,640

At 31 May 2014

3,920

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

2,550

DEPRECIATION

At 1 June 2014

1,657

Charge for year

225

At 31 May 2015

1,882

NET BOOK VALUE

At 31 May 2015

668

At 31 May 2014

893

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

1

Ordinary

£1.00

1

1