John Russell Packaging Consultancy Limited - Period Ending 2015-08-31

Registration number: 05460207

John Russell Packaging Consultancy Limited
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 31 August 2015
 

Wilds Ltd
Chartered Accountants
Lancaster House
70-76 Blackburn Street
Radcliffe
Manchester
M26 2JW

John Russell Packaging Consultancy Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

John Russell Packaging Consultancy Limited
(Registration number: 05460207)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			84			446
Current assets
Debtors					12,116			9,041
Cash at bank and in hand					69,690			74,630
					81,806			83,671
Creditors: Amounts falling due within one year					(26,878)			(25,156)
Net current assets					54,928			58,515
Net assets					55,012			58,961
Capital and reserves
Called up share capital		3			(9,900)			100
Profit and loss account					64,912			58,861
Shareholders' funds					55,012			58,961

For the year ending 31 August 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the director on 21 March 2016

......................................... Mr J Russell Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

John Russell Packaging Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 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).

Going concern

The director considers that the use of the going concern basis of accounting is appropriate because there are no material uncertainties relating to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

The turnover shown in the profit and loss account represents amounts receivable for goods and services provided during the year, exclusive of Value Added Tax.

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
Office equipment	25% straight line

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 2

John Russell Packaging Consultancy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		2,375			2,375
At 31 August 2015		2,375			2,375
Depreciation
At 1 September 2014		1,929			1,929
Charge for the year		362			362
At 31 August 2015		2,291			2,291
Net book value
At 31 August 2015		84			84
At 31 August 2014		446			446

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3