Jazz Carlin Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07741344 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Jazz Carlin Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms J Carlin

Mrs M Carlin

REGISTERED OFFICE:

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

REGISTERED NUMBER:

07741344 (England and Wales)

ACCOUNTANTS:

Granite Morgan Smith Limited

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

CURRENT ASSETS

134

Debtors

1,000

5,670

Cash at bank and in hand

12,978

5,804

13,978

CREDITORS

29,941

Amounts falling due within one year

45,580

(24,137

)

NET CURRENT LIABILITIES

(31,602

)

(24,137

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(31,602

)

CAPITAL AND RESERVES

4

Called up share capital

2

4

(24,141

)

Profit and loss account

(31,606

)

(24,137

)

SHAREHOLDERS' FUNDS

(31,602

)

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 directors acknowledge their 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 Board of Directors on 9 May 2016 and were signed on its behalf by:

Ms J Carlin - 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 net invoiced sales of goods, excluding value added tax.

Deferred tax

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

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

3

Ordinary

1

3

3

1

Ordinary A

1

1

1

4

4

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the directors J Carlin £25,843 (2014-£16,913) and M Carlin

£13,400 (2014-£11,690) in respect of their loan accounts.

4.	GOING CONCERN

Attention is drawn to the fact that the financial statements have been prepared on a going concern basis. This

may not be appropriate because at the balance sheet date the company's current liabilities exceeded its current

assets by £31,602 and overall the company shows a deficit of £31,602. Included within creditors is a directors

loan account of £39,243 which is part of the capital base of the company and will not be withdrawn until

sufficient profits have been generated.

Should the company be unable to continue trading, adjustments would have to be made to reduce the value of

assets to their recoverable amount, to provide for any further liabilities which might arise, and to reclassify fixed

assets and long term liabilities as current assets and liabilities.