Jaybee Safety Limited - Period Ending 2014-03-31

Registration number: 07548062

Jaybee Safety Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

KARA Accountants Limited
Chartered Management Accountants
THE SQUARE
FAWLEY
SOUTHAMPTON
HAMPSHIRE
SO45 1DD

Jaybee Safety Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Jaybee Safety Limited
(Registration number: 07548062)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					3,000			4,500
Tangible fixed assets					14,714			15,293
					17,714			19,793
Current assets
Debtors					5,239			5,207
Cash at bank and in hand					980			1,999
					6,219			7,206
Creditors: Amounts falling due within one year					(13,229)			(9,562)
Net current liabilities					(7,010)			(2,356)
Total assets less current liabilities					10,704			17,437
Creditors: Amounts falling due after more than one year					(6,142)			(12,296)
Provisions for liabilities					(2,509)			(2,385)
Net assets					2,053			2,756
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					2,052			2,755
Shareholders' funds					2,053			2,756

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 31 July 2014

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Jaybee Safety Limited
(Registration number: 07548062)
Abbreviated Balance Sheet at 31 March 2014
......... continued

.........................................
Mrs J Brown
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Jaybee Safety Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line over 5 years.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% reducing balance
Office Equipment	25% reducing balance.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Jaybee Safety Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2013		7,500			26,231			33,731
Additions		-			4,326			4,326
At 31 March 2014		7,500			30,557			38,057
Depreciation
At 1 April 2013		3,000			10,938			13,938
Charge for the year		1,500			4,905			6,405
At 31 March 2014		4,500			15,843			20,343
Net book value
At 31 March 2014		3,000			14,714			17,714
At 31 March 2013		4,500			15,293			19,793

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

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