Jennifer Turner Limited - Abbreviated accounts

JENNIFER TURNER LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2015

































Company Registration Number: 04715084

JENNIFER TURNER LIMITED

ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015


CONTENTS									PAGES



Company information									1

Balance sheet									2

Notes to the abbreviated financial statements									3 to 4

JENNIFER TURNER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2015


DIRECTOR

Ms JA Turner


SECRETARY

The MGroup Secreterial Services Limited


REGISTERED OFFICE

Manor Farm
Milton
Banbury
Oxfordshire
OX15 4HH


COMPANY REGISTRATION NUMBER

04715084 England and Wales

JENNIFER TURNER LIMITED

BALANCE SHEET
AS AT 31 March 2015


	Notes	2015		2014
		£		£

FIXED ASSETS
Tangible assets	2		46,046		45,829

CURRENT ASSETS
Debtors		25,200		48,493
Cash at bank and in hand		94,348		157,842


		119,548		206,335

CREDITORS: Amounts falling due		28,405		136,428
within one year


NET CURRENT ASSETS			91,143		69,907


NET ASSETS			137,189		115,736



CAPITAL AND RESERVES
Called up share capital	3		1		1
Profit and loss account			137,188		115,735


SHAREHOLDER'S FUNDS			137,189		115,736



These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Signed on behalf of the board


Ms JA Turner
Director

Date approved by the board: 4 December 2015

JENNIFER TURNER LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015


1	STATEMENT OF ACCOUNTING POLICIES

	Accounting convention

	The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover

	Turnover represents the net invoiced value of services, excluding value added tax.

	Tangible fixed assets

	Fixed assets are stated at cost less accumulated depreciation.

	Depreciation has been provided at the following rates so as to write off the cost less residual value of the assets over their estimated useful lives.

	Office equipment	25% straight line basis
	Office improvements	Nil

	Work in progress

	Work in progress has been valued at the lower of cost and net realisable value. Cost comprises the cost of materials and direct labour relevant to the stage of construction. Net realisable value is based on estimated selling price less all further costs to completion of the project.

	Financial instruments

	Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

	Deferred taxation

	Deferred taxation is the taxation attributable to timing differences between profits computed for taxation purposes and profits as stated in the financial statements and is fully provided for, except in circumstances where losses are deemed irrecoverable, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2	TANGIBLE ASSETS
					Tangible assets
					£
	Cost
	At 1 April 2014				60,149

	Additions				417


	At 31 March 2015				60,566


	Accumulated depreciation
	At 1 April 2014				14,320

	Charge for year				200


	At 31 March 2015				14,520


	Net book value
	At 1 April 2014				45,829


	At 31 March 2015				46,046


3	SHARE CAPITAL
		Nominal value	Number	2015	2014
		£		£	£
	Allotted, called up and fully paid:
	Ordinary share	1	1	1	1


4	DIRECTOR'S TRANSACTIONS

	The company made an advance to the director during the year. The following amount was due to the company at the year end:

				2015	2014
				£	£
	Ms JA Turner			24,921	48,493


	The maximum amount due to the company from the director during the year was as follows:

				2015	2014
				£	£
	Ms JA Turner			56,924	66,204