JWT Management Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07711610

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2015

FOR

JWT MANAGEMENT LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

JW Twyman

REGISTERED OFFICE:

Office 2 - Unit D1

Block 11

Cranborne Road Industrial Estate

Potters Bar

EN6 3JN

REGISTERED NUMBER:

07711610

ACCOUNTANT:

Jane M Andrews

Chartered Accountant

9 Nimrod Close

St Albans

Hertfordshire

AL4 9XY

FIXED ASSETS

Intangible assets

2

6,969

13,937

Tangible assets

3

1,294

1,246

8,263

15,183

CURRENT ASSETS

Debtors

5,412

8,329

Cash at bank

31,558

21,873

36,970

30,202

CREDITORS

Amounts falling due within one year

17,755

14,210

NET CURRENT ASSETS

19,215

15,992

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,478

31,175

PROVISIONS FOR LIABILITIES

249

NET ASSETS

27,229

30,926

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

27,129

30,826

SHAREHOLDERS' FUNDS

27,229

30,926

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 April 2016 and were signed by:

JW Twyman - 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 January 2015).

Turnover

Turnover represents net sales of services excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

33.33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

34,842

AMORTISATION

At 1 August 2014

20,905

Amortisation for year

6,968

At 31 July 2015

27,873

NET BOOK VALUE

At 31 July 2015

6,969

At 31 July 2014

13,937

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

4,898

Additions

1,128

At 31 July 2015

6,026

DEPRECIATION

At 1 August 2014

3,652

Charge for year

1,080

At 31 July 2015

4,732

NET BOOK VALUE

At 31 July 2015

1,294

At 31 July 2014

1,246

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100