Abbreviated Company Accounts - JACK SHAFRON & CO.LIMITED

Abbreviated Company Accounts - JACK SHAFRON & CO.LIMITED

JACK SHAFRON & CO.LIMITED - Company Information

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Registered Number 00704290

JACK SHAFRON & CO.LIMITED

Abbreviated Accounts

31 December 2015

JACK SHAFRON & CO.LIMITED Registered Number 00704290

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,411 3,223
Investments 3 24,973 24,973
27,384 28,196
Current assets
Debtors 430,255 324,284
Cash at bank and in hand 8,275 13,995
438,530 338,279
Creditors: amounts falling due within one year (459,681) (359,018)
Net current assets (liabilities) (21,151) (20,739)
Total assets less current liabilities 6,233 7,457
Total net assets (liabilities) 6,233 7,457
Capital and reserves
Called up share capital 4 6,000 6,000
Profit and loss account 233 1,457
Shareholders' funds 6,233 7,457
  • For the year ending 31 December 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 26 April 2016

And signed on their behalf by:
R Shafron, Director

JACK SHAFRON & CO.LIMITED Registered Number 00704290

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for services and commissions net of VAT.

Tangible assets depreciation policy
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:

Computer equipment 20% straight line
Fixtures and fittings 15% reducing balance
Motor vehicles 25% reducing balance

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for diminution in value.

2Tangible fixed assets
£
Cost
At 1 January 2015 39,009
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 39,009
Depreciation
At 1 January 2015 35,786
Charge for the year 812
On disposals -
At 31 December 2015 36,598
Net book values
At 31 December 2015 2,411
At 31 December 2014 3,223

3Fixed assets Investments
Cost and net book value at 1 January 2015 and 31 December 2015 £24,973.

Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company - Lizcrest International Produce Limited
Country of registration or incorporation - England
Class of shares held - ordinary
% of shares held - 45%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Lizcrest International Produce Limited
Principal activity - Property development
Capital and reserves 2015 - £(30,173)
Profit / (loss) for year 2015 - £388

4Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
3,000 Ordinary shares of £1 each 3,000 3,000
3,000 A Ordinary shares of £1 each 3,000 3,000