Abbreviated Company Accounts - JLM ELECTRICS LTD

SC425212 JLM ELECTRICS LTD 2015-05-31 false 2014-06-01 2015-05-31 true SC425212 2014-06-01 2015-05-31 SC425212 2015-05-31 SC425212 2014-05-31 SC425212 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 SC425212 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number SC425212

JLM ELECTRICS LTD

Abbreviated Accounts

31 May 2015

JLM ELECTRICS LTD Registered Number SC425212

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	15,477	19,799
		15,477	19,799
Current assets
Stocks		508	533
Debtors		16,886	12,865
Cash at bank and in hand		19,458	31,774
		36,852	45,172
Creditors: amounts falling due within one year		(45,322)	(46,100)
Net current assets (liabilities)		(8,470)	(928)
Total assets less current liabilities		7,007	18,871
Creditors: amounts falling due after more than one year		(6,948)	(11,582)
Total net assets (liabilities)		59	7,289
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		49	7,279
Shareholders' funds		59	7,289

For the year ending 31 May 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 17 February 2016

And signed on their behalf by:
J Connolly, Director

JLM ELECTRICS LTD Registered Number SC425212

Notes to the Abbreviated Accounts for the period ended 31 May 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 April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Plant & equipment - 25% and 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2014	27,002
Additions	621
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	27,623
Depreciation
At 1 June 2014	7,203
Charge for the year	4,943
On disposals	-
At 31 May 2015	12,146
Net book values
At 31 May 2015	15,477
At 31 May 2014	19,799

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
10 Ordinary shares of £1 each	10	10