J & A Asset Management Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05712147 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28TH FEBRUARY 2015

FOR

J & A ASSET MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J W Balchin

Mrs A D Balchin

SECRETARY:

Mrs A D Balchin

REGISTERED OFFICE:

35 Bouverie Square

Folkestone

Kent

CT20 1BA

REGISTERED NUMBER:

05712147 (England and Wales)

ACCOUNTANTS:

Kent Business Services Ltd

45 Highfield Road

Dartford

Kent

DA1 2JS

FIXED ASSETS

Tangible assets

2

1,848,722

1,859,332

CURRENT ASSETS

Debtors

24,538

19,723

Cash at bank

12,115

1,260

36,653

20,983

CREDITORS

Amounts falling due within one year

381,949

404,306

NET CURRENT LIABILITIES

(345,296

)

(383,323

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,503,426

1,476,009

CREDITORS

Amounts falling due after more than one year

3

1,453,969

1,445,418

NET ASSETS

49,457

30,591

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

49,455

30,589

SHAREHOLDERS' FUNDS

49,457

30,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 16th November 2015 and were signed on its behalf by:

J W Balchin - 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.

Tangible fixed assets

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

Land and buildings

-

Straight line over 10 years

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

sheet date.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st March 2014

1,943,931

Additions

385

Disposals

(650

)

At 28th February 2015

1,943,666

DEPRECIATION

At 1st March 2014

84,599

Charge for year

10,345

At 28th February 2015

94,944

NET BOOK VALUE

At 28th February 2015

1,848,722

At 28th February 2014

1,859,332

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

963,265

954,755

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2