Abbreviated Company Accounts - J C L C PROMOTIONS LIMITED

J C L C PROMOTIONS LIMITED - Company Information

06594925 J C L C PROMOTIONS LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 06594925 2014-06-01 2015-05-31 06594925 2015-05-31 06594925 2014-05-31 06594925 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 06594925 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2015-05-31 uk-gaap-cd-bus:Director3 2014-05-31 iso4217:GBP shares

Registered Number 06594925

J C L C PROMOTIONS LIMITED

Abbreviated Accounts

31 May 2015

J C L C PROMOTIONS LIMITED Registered Number 06594925

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Investments	2	407,386	407,386
		407,386	407,386
Current assets
Stocks		463,542	188,798
Debtors		977,895	426,282
Investments		350,000	-
Cash at bank and in hand		707,211	433,342
		2,498,648	1,048,422
Creditors: amounts falling due within one year		(593,406)	(172,007)
Net current assets (liabilities)		1,905,242	876,415
Total assets less current liabilities		2,312,628	1,283,801
Total net assets (liabilities)		2,312,628	1,283,801
Capital and reserves
Called up share capital		1	1
Profit and loss account		2,312,627	1,283,800
Shareholders' funds		2,312,628	1,283,801

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 19 February 2016

And signed on their behalf by:
P Mcintosh, Director

J C L C PROMOTIONS LIMITED Registered Number 06594925

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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Investments properties are included in the Balance Sheet at their open market value.

Valuation information and policy
The Beechwood house property was valued by the director of the company. This portrays a true reflection of the market value of the property.

Other accounting policies
The company was under the ultimate control of C.J.J Hart throughout the year.

2Fixed assets Investments
Investment properties are included in the Balance Sheet at their open market value.

3Transactions with directors

Name of director receiving advance or credit:	C J J Hart
Description of the transaction:	Directors loan
Balance at 1 June 2014:	-
Advances or credits made:	£ 295,911
Advances or credits repaid:	-
Balance at 31 May 2015:	£ 295,911

Included with debtors is an overdrawn directors loan account amounting to £295,911 (2014 - £100,826). The maximum amount outstanding during the year was £300,852.

There were a number of transactions during the year resulting in a net withdrawal on the loan account of £195,085.

The loan has no set repayment terms and bears no right to interest.