Jasmic Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC235799 (Scotland)

JASMIC LTD

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST MAY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J H Reid

ML Reid

SECRETARY:

ML Reid

REGISTERED OFFICE:

28 Green Street

Saltcoats

Ayrshire

KA21 5HQ

REGISTERED NUMBER:

SC235799 (Scotland)

ACCOUNTANTS:

JRD Partnership Ltd

Chartered Accountants

11 Portland Road

Kilmarnock

Ayrshire

KA1 2BT

FIXED ASSETS

Tangible assets

2

92

108

CURRENT ASSETS

Stocks

9,301

9,301

CREDITORS

Amounts falling due within one year

11,191

10,987

NET CURRENT LIABILITIES

(1,890

)

(1,686

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,798

)

(1,578

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(1,800

)

(1,580

)

SHAREHOLDERS' FUNDS

(1,798

)

(1,578

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 29th January 2016 and were signed on its behalf by:

ML Reid - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared on a going concern basis, not withstanding the deficiency in net

assets, as the directors will continue to support the company for the foreseeable future and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2014

and 31st May 2015

552

DEPRECIATION

At 1st June 2014

444

Charge for year

16

At 31st May 2015

460

NET BOOK VALUE

At 31st May 2015

92

At 31st May 2014

108

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2