Jms Electrical (Services) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06741137 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

FOR

JMS ELECTRICAL (SERVICES) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr J M Stygal

REGISTERED OFFICE:

The White House

Stapleford Airfield

Nr Romford

Essex

RM4 1SJ

REGISTERED NUMBER:

06741137 (England and Wales)

ACCOUNTANTS:

Raffingers Stuart

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Intangible assets

2

40,000

50,000

Tangible assets

3

623

212

40,623

50,212

CURRENT ASSETS

Stocks

1,082

3,314

Debtors

31,848

21,680

Cash at bank

9,537

10,631

42,467

35,625

CREDITORS

Amounts falling due within one year

82,748

82,899

NET CURRENT LIABILITIES

(40,281

)

(47,274

)

TOTAL ASSETS LESS CURRENT LIABILITIES

342

2,938

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

242

2,838

SHAREHOLDERS' FUNDS

342

2,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 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 30 November 2015 and were signed by:

Mr J M Stygal - 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 invoices goods and services, excluding value added tax.

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 ten 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

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

100,000

AMORTISATION

At 1 December 2013

50,000

Amortisation for year

10,000

At 30 November 2014

60,000

NET BOOK VALUE

At 30 November 2014

40,000

At 30 November 2013

50,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

2,271

Additions

755

At 30 November 2014

3,026

DEPRECIATION

At 1 December 2013

2,059

Charge for year

344

At 30 November 2014

2,403

NET BOOK VALUE

At 30 November 2014

623

At 30 November 2013

212

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100