JEMSCO LIMITED - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04676561 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

JEMSCO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M B Cohen

J G Cohen

SECRETARY:

J G Cohen

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

04676561 (England and Wales)

ACCOUNTANTS:

Segrave & Partners

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

28

36

28

36

CURRENT ASSETS

Stocks

185,910

153,387

Cash at bank

8,781

18,041

194,691

171,428

CREDITORS

Amounts falling due within one year

121,213

118,678

NET CURRENT ASSETS

73,478

52,750

TOTAL ASSETS LESS CURRENT LIABILITIES

73,506

52,786

CREDITORS

Amounts falling due after more than one year

70,000

50,000

NET ASSETS

3,506

2,786

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

2,506

1,786

SHAREHOLDERS' FUNDS

3,506

2,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 25 January 2016 and were signed on its behalf by:

M B Cohen - Director

J G Cohen - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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 has been calculated, but the amount involved is not significant enough to materially affect the

financial statements, and therefore no provision has been made.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

61,000

AMORTISATION

At 1 May 2014

and 30 April 2015

61,000

NET BOOK VALUE

At 30 April 2015

-

At 30 April 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

738

DEPRECIATION

At 1 May 2014

702

Charge for year

8

At 30 April 2015

710

NET BOOK VALUE

At 30 April 2015

28

At 30 April 2014

36

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000