Abbreviated Company Accounts - JFM DESIGN LIMITED

JFM DESIGN LIMITED - Company Information

Registered Number 03163569

JFM DESIGN LIMITED

Abbreviated Accounts

28 February 2015

JFM DESIGN LIMITED Registered Number 03163569

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	8,400	11,200
		8,400	11,200
Current assets
Stocks		102,500	72,100
Debtors		27,098	56,499
Cash at bank and in hand		5,499	4,889
		135,097	133,488
Creditors: amounts falling due within one year		(58,685)	(70,261)
Net current assets (liabilities)		76,412	63,227
Total assets less current liabilities		84,812	74,427
Total net assets (liabilities)		84,812	74,427
Capital and reserves
Called up share capital		2	2
Profit and loss account		84,810	74,425
Shareholders' funds		84,812	74,427

For the year ending 28 February 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 22 October 2015

And signed on their behalf by:
M A A Razak, Director

JFM DESIGN LIMITED Registered Number 03163569

Notes to the Abbreviated Accounts for the period ended 28 February 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 the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows : Plant, equipment 20% Straight Line Motor Vehicles 25% Straight Line, Building Refurbishments 20% Straight Line

Intangible assets amortisation policy
Not Applicable

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

2Tangible fixed assets

	£
Cost
At 1 March 2014	45,797
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	45,797
Depreciation
At 1 March 2014	34,597
Charge for the year	2,800
On disposals	-
At 28 February 2015	37,397
Net book values
At 28 February 2015	8,400
At 28 February 2014	11,200