Abbreviated Company Accounts - JABBAL SMG ACCOUNTANTS LTD

JABBAL SMG ACCOUNTANTS LTD - Company Information

08914896 JABBAL SMG ACCOUNTANTS LTD 2015-02-28 false 2014-02-27 2015-02-28 true 08914896 2014-02-27 2015-02-28 08914896 2015-02-28 08914896 uk-gaap-cd-bus:Director1 2014-02-27 2015-02-28 08914896 uk-gaap-cd-bus:Director2 2014-02-27 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-27 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 08914896

JABBAL SMG ACCOUNTANTS LTD

Abbreviated Accounts

28 February 2015

JABBAL SMG ACCOUNTANTS LTD Registered Number 08914896

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015
		£
Called up share capital not paid		-
Fixed assets
Intangible assets	2	104,500
Tangible assets	3	1,562
Investments		-
		106,062
Current assets
Stocks		-
Debtors		60,701
Investments		-
Cash at bank and in hand		27
		60,728
Prepayments and accrued income		-
Creditors: amounts falling due within one year		(40,486)
Net current assets (liabilities)		20,242
Total assets less current liabilities		126,304
Creditors: amounts falling due after more than one year		0
Provisions for liabilities		0
Accruals and deferred income		0
Total net assets (liabilities)		126,304
Capital and reserves
Called up share capital	4	130,000
Share premium account		0
Revaluation reserve		0
Other reserves		0
Profit and loss account		(3,696)
Shareholders' funds		126,304

For the year ending 28 February 2015 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 directors acknowledge their 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 Board on 10 February 2016

And signed on their behalf by:
Mr A S Jabbal, Director

JABBAL SMG ACCOUNTANTS LTD Registered Number 08914896

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Intangible fixed assets

	£
Cost
Additions	110,000
Disposals	0
Revaluations	0
Transfers	0
At 28 February 2015	110,000
Amortisation
Charge for the year	5,500
On disposals	0
At 28 February 2015	5,500
Net book values
At 28 February 2015	104,500

3Tangible fixed assets

	£
Cost
Additions	2,082
Disposals	0
Revaluations	0
Transfers	0
At 28 February 2015	2,082
Depreciation
Charge for the year	520
On disposals	0
At 28 February 2015	520
Net book values
At 28 February 2015	1,562

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
130,000 Ordinary shares of £1 each	130,000