JMJ Precision Sheet Metal Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04691025 (England and Wales)

JMJ PRECISION SHEET METAL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2014

Page

Company Information

1

Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTORS:

M A Lee

J Carr

REGISTERED OFFICE:

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

REGISTERED NUMBER:

04691025 (England and Wales)

ACCOUNTANTS:

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of JMJ Precision Sheet Metal Limited for the year ended 31st March 2014

which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we

are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the Board of Directors of JMJ Precision Sheet Metal Limited, as a body, in

accordance with our terms of engagement. Our work has been undertaken solely to prepare for your

approval the financial statements of JMJ Precision Sheet Metal Limited and state those matters that we

have agreed to state to the Board of Directors of JMJ Precision Sheet Metal Limited, as a body, in this

report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted

by law, we do not accept or assume responsibility to anyone other than the company and its Board of

Directors, as a body, for our work or for this report.

It is your duty to ensure that JMJ Precision Sheet Metal Limited has kept adequate accounting records and

to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial

position and profit of JMJ Precision Sheet Metal Limited. You consider that JMJ Precision Sheet Metal

Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JMJ Precision

Sheet Metal Limited. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given to us and we do not, therefore, express any

opinion on the statutory financial statements.

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

24th September 2014

FIXED ASSETS

Tangible assets

2

438,030

561,588

CURRENT ASSETS

Stocks

25,000

25,000

Debtors

361,858

302,299

Cash at bank and in hand

108,441

153,997

495,299

481,296

CREDITORS

Amounts falling due within one year

(370,373

)

(326,336

)

NET CURRENT ASSETS

124,926

154,960

TOTAL ASSETS LESS CURRENT LIABILITIES

562,956

716,548

CREDITORS

Amounts falling due after more than one year

(135,674

)

(285,669

)

PROVISIONS FOR LIABILITIES

(26,154

)

(37,377

)

NET ASSETS

401,128

393,502

CAPITAL AND RESERVES

Called up share capital

3

99

99

Profit and loss account

401,029

393,403

SHAREHOLDERS' FUNDS

401,128

393,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 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 23rd September 2014 and were signed on its behalf by:

J Carr - 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 the total invoice value, excluding value added tax, trade discounts and all other

taxes of sales made during the year.

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

-

25% on cost, 20% on cost and 15% on cost

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 is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

and 31st March 2014

1,476,473

DEPRECIATION

At 1st April 2013

914,885

Charge for year

123,558

At 31st March 2014

1,038,443

NET BOOK VALUE

At 31st March 2014

438,030

At 31st March 2013

561,588

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

99

Ordinary

£1

99

99