JACKIE_VENABLES_LIMITED - Accounts

JACKIE VENABLES LIMITED - Company Information

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Company Registration No. 05699630 (England and Wales)

JACKIE VENABLES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

JACKIE VENABLES LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

JACKIE VENABLES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JACKIE VENABLES LIMITED FOR THE YEAR ENDED 28 FEBRUARY 2015

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jackie Venables Limited for the year ended 28 February 2015 set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Jackie Venables Limited, as a body, in accordance with the terms of our engagement letter dated 12 November 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Jackie Venables Limited and state those matters that we have agreed to state to the Board of Directors of Jackie Venables Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jackie Venables Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Jackie Venables Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Jackie Venables Limited. You consider that Jackie Venables Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jackie Venables Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jackson Calvert

13 November 2015

Chartered Accountants

Bennett Corner House

33 Coleshill Street

Sutton Coldfield

West Midlands

B72 1SD

JACKIE VENABLES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 2 -

2015

2014

Notes

Fixed assets

Intangible assets

5,317

10,317

Tangible assets

526

5,317

10,843

Current assets

Debtors

4,421

18,135

4,421

18,135

Creditors: amounts falling due within one year

(8,236)

(11,471)

Net current (liabilities)/assets

(3,815)

6,664

Total assets less current liabilities

1,502

17,507

Capital and reserves

Called up share capital

Profit and loss account

1,501

17,506

Shareholders' funds

1,502

17,507

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 13 November 2015

Mrs J Venables

Director

Company Registration No. 05699630

JACKIE VENABLES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 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).

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Land and buildings Leasehold

Over the life of the lease

Fixtures, fittings & equipment

25% Reducing balance

JACKIE VENABLES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 March 2014

50,000

1,400

51,400

Additions

1,822

Disposals

(3,222)

At 28 February 2015

50,000

Depreciation

At 1 March 2014

39,683

874

40,557

On disposals

(1,189)

Charge for the year

5,000

315

5,315

At 28 February 2015

44,683

Net book value

At 28 February 2015

5,317

At 28 February 2014

10,317

526

10,843

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary shares of £1 each

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mrs J Venables - Interest free loan

18,135

4,421

18,135

4,421

18,135

4,421

18,135

4,421