JK_ENGINEERING_(HOLDINGS) - Accounts

JK ENGINEERING (HOLDINGS) LIMITED - Company Information

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Company Registration No. 06803355 (England and Wales)

JK ENGINEERING (HOLDINGS) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

JK ENGINEERING (HOLDINGS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

JK ENGINEERING (HOLDINGS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,540,684

2,704,553

Investments

100

2,540,784

2,704,653

Current assets

Debtors

75,626

9,978

Cash at bank and in hand

43,460

266,215

119,086

276,193

Creditors: amounts falling due within one year

(908,901)

(1,842,036)

Net current liabilities

(789,815)

(1,565,843)

Total assets less current liabilities

1,750,969

1,138,810

Creditors: amounts falling due after more than one year

(1,229,864)

(768,121)

Provisions for liabilities

(122,000)

(108,260)

399,105

262,429

Capital and reserves

Called up share capital

514

Share premium account

199,886

Profit and loss account

198,705

62,029

Shareholders' funds

399,105

262,429

JK ENGINEERING (HOLDINGS) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 September 2015

J C Kenny

J M Crosskey

Director

Company Registration No. 06803355

JK ENGINEERING (HOLDINGS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been drawn up on the basis that the Company is a going concern. The validity of the going concern basis of accounting depends on the continuing support of the Directors and the subsidiary company they control, namely JK Engineering (Hertfordshire) Limited, in meeting the company's working capital requirements. The Directors and JK Engineering ( Hertfordshire) Limited have confirmed it is not their intention to withdraw support for the Company in the foreseeable future and that they will not seek repayment of their loans to the company unless the company's cashflow permits repayment to be made without jeopardising the company's position.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% reducing balance

Computer equipment

Over three years

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.

JK ENGINEERING (HOLDINGS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2014

3,670,098

100

3,670,198

Additions

405,751

Disposals

(157,822)

At 31 March 2015

3,918,027

100

3,918,127

Depreciation

At 1 April 2014

965,545

On disposals

(60,899)

Charge for the year

472,697

At 31 March 2015

1,377,343

Net book value

At 31 March 2015

2,540,684

100

2,540,784

At 31 March 2014

2,704,553

100

2,704,653

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

JK Engineering (Hertfordshire) Limited

England & Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

JK Engineering (Hertfordshire) Limited

Engineering

768,354

(61,935)

During the year, Plastic Sales & Servicing Limited was voluntarily struck off following the trade being hived across into JK Engineering (Hertfordshire) Limited, its fellow subsidiary.

JK ENGINEERING (HOLDINGS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 5 -

Share capital

2015

2014

Allotted, called up and fully paid

514 Ordinary Shares of £1 each

514

Related party relationships and transactions

Loans to directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Director's loan

15,831

8,865

6,966

15,831

8,865

6,966