JFS Lifting Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC405575 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

JFS LIFTING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J Stirling

REGISTERED OFFICE:

Bon Accord House

Riverside Drive

Aberdeen

Aberdeenshire

AB11 7SL

REGISTERED NUMBER:

SC405575 (Scotland)

ACCOUNTANTS:

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Bon Accord House

Riverside Drive

Aberdeen

AB11 7SL

FIXED ASSETS

Tangible assets

2

290

473

CURRENT ASSETS

Debtors

2,321

21,417

Cash at bank

109,672

135,099

111,993

156,516

CREDITORS

Amounts falling due within one year

56

20,162

NET CURRENT ASSETS

111,937

136,354

TOTAL ASSETS LESS CURRENT LIABILITIES

112,227

136,827

PROVISIONS FOR LIABILITIES

58

95

NET ASSETS

112,169

136,732

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

112,069

136,632

SHAREHOLDERS' FUNDS

112,169

136,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 February 2016 and were signed by:

J Stirling - 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 amounts receivable for services net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is provided on all timing differences that have originated but not reversed at the balance sheet date

where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the

future have occurred at the balance sheet date.

Timing differences are temporary differences between profits as computed for tax purposes and profits as stated in

the financial statements which arise because certain items of income and expenditure in the financial statements are

dealt with in different years for tax purposes.

Deferred tax is measured at the tax rates that are expected to apply in the years in which the timing differences are

expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet

date. Deferred tax is not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

549

DEPRECIATION

At 1 September 2014

76

Charge for year

183

At 31 August 2015

259

NET BOOK VALUE

At 31 August 2015

290

At 31 August 2014

473

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary Shares

£1.00

100

100

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Stirling.