JACQUES_ONONA_INTERNATION - Accounts

JACQUES ONONA INTERNATIONAL LIMITED - Company Information

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Company Registration No. 02452397 (England and Wales)

JACQUES ONONA INTERNATIONAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

JACQUES ONONA INTERNATIONAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

JACQUES ONONA INTERNATIONAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

758

Current assets

Debtors

16,873

266,332

Cash at bank and in hand

165,495

30,723

182,368

297,055

Creditors: amounts falling due within one year

(36,452)

(130,115)

Net current assets

145,916

166,940

Total assets less current liabilities

145,916

167,698

Capital and reserves

Called up share capital

60,000

Profit and loss account

85,916

107,698

Shareholders' funds

145,916

167,698

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 11 January 2016

Mr J Onona

Director

Company Registration No. 02452397

JACQUES ONONA INTERNATIONAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Sales are recognised at the point goods are shipped to the customers.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.33% straight line

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.4

Foreign Currency Translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

4,477

Depreciation

At 1 April 2014

3,719

Charge for the year

758

At 31 March 2015

4,477

Net book value

At 31 March 2015

At 31 March 2014

758

JACQUES ONONA INTERNATIONAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

13,900 Ordinary shares class A of £1 each

13,900

46,100 Ordinary shares class B of £1 each

46,100

60,000

All of the class A and class B shares are fully paid. The class B shares do not entitle the holders thereof to receive notice of nor attend and vote at any General Meeting of the Company.