Jimmie Martin Limited - Period Ending 2015-07-31

Registration number: 05173802

Jimmie Martin Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015
 

Douglas Jones Accountants Limited
33 High Street
Old Harlow
Essex
CM17 0DN

Jimmie Martin Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Jimmie Martin Limited
for the Year Ended 31 July 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jimmie Martin Limited for the year ended 31 July 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Jimmie Martin Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Jimmie Martin Limited and state those matters that we have agreed to state to them, 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 Jimmie Martin Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Jimmie Martin Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jimmie Martin Limited. You consider that Jimmie Martin 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 accounts of Jimmie Martin 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 accounts.

......................................

Douglas Jones Accountants Limited
33 High Street
Old Harlow
Essex
CM17 0DN

27 April 2016

Page 1

Jimmie Martin Limited
(Registration number: 05173802)
Abbreviated Balance Sheet at 31 July 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					2,516			3,354
Current assets
Stocks					3,000			2,500
Debtors					45,085			20,363
Cash at bank and in hand					15,543			44,101
					63,628			66,964
Creditors: Amounts falling due within one year					(23,588)			(33,065)
Net current assets					40,040			33,899
Net assets					42,556			37,253
Capital and reserves
Called up share capital		3			4			4
Profit and loss account					42,552			37,248
Balance sheet suspense					-			1
Shareholders' funds					42,556			37,253

For the year ending 31 July 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 27 April 2016 and signed on its behalf by:

.........................................
Mr J Karlsson
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Jimmie Martin Limited
(Registration number: 05173802)
Abbreviated Balance Sheet at 31 July 2015
......... continued

.........................................
Mr M Nihlmar
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Jimmie Martin Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance method

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Jimmie Martin Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2014		13,087			13,087
At 31 July 2015		13,087			13,087
Depreciation
At 1 August 2014		9,733			9,733
Charge for the year		838			838
At 31 July 2015		10,571			10,571
Net book value
At 31 July 2015		2,516			2,516
At 31 July 2014		3,354			3,354

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		4			4			4			4

Page 5