Company Registration No. 07703824 (England and Wales)
JANE KERSEL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
JANE KERSEL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
JANE KERSEL LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
7,840
7,691
Current assets
Stocks
26,825
-
Debtors
1,130
46,819
Cash at bank and in hand
21,179
8,235
49,134
55,054
Creditors: amounts falling due within one year
(52,960)
(54,098)
Net current liabilities/(assets)
(3,826)
956
Total assets less current liabilities
4,014
8,647
Provisions for liabilities
(1,568)
(1,538)
2,446
7,109
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
2,346
7,009
Shareholders' funds
2,446
7,109
For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 February 2016
Ms Jane E Kersel
Director
Company Registration No. 07703824
JANE KERSEL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for services rendered.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% Reducing Balance
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2014
11,868
Additions
2,425
At 31 July 2015
14,293
Depreciation
At 1 August 2014
4,177
Charge for the year
2,276
At 31 July 2015
6,453
Net book value
At 31 July 2015
7,840
At 31 July 2014
7,691
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
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