J E L Solutions Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04469848 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2015

FOR

J E L SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J.E. Langley

REGISTERED OFFICE:

Langley House

Park Road

East Finchley

London

N2 8EY

REGISTERED NUMBER:

04469848 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House

Park Road

East Finchley

London

N2 8EY

FIXED ASSETS

Intangible assets

2

1,111,500

2,223,000

Investments

3

1,065

1,000

1,112,565

2,224,000

CURRENT ASSETS

Debtors

-

186,038

Cash at bank

360

300

360

186,338

NET CURRENT ASSETS

360

186,338

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,112,925

2,410,338

CREDITORS

Amounts falling due after more than one
year

1,802,092

2,817,442

NET LIABILITIES

(689,167

)

(407,104

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(689,169

)

(407,106

)

SHAREHOLDERS' FUNDS

(689,167

)

(407,104

)

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 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 18 May 2016 and were signed by:

J.E. Langley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, the applicability of which is dependent

upon the continued support of the company's creditors and financiers. At the balance sheet date the company's

liabilities exceed its assets by £689,167 (2014: £407,104), and the company made losses of £204,980. In the

opinion of the director the company has the support of its creditors and financiers for the foreseeable future, and

it is therefore considered appropriate to adopt the going concern policy.

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).

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

5,557,500

AMORTISATION

At 1 September 2014

3,334,500

Amortisation for year

1,111,500

At 31 August 2015

4,446,000

NET BOOK VALUE

At 31 August 2015

1,111,500

At 31 August 2014

2,223,000

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2014

1,000

Additions

65

At 31 August 2015

1,065

NET BOOK VALUE

At 31 August 2015

1,065

At 31 August 2014

1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

AABRS Ltd

Nature of business: Insolvency Practitioners

%

Class of shares:

holding

Ordinary

100.00

31.8.15

31.8.14

£

Aggregate capital and reserves

92,341

79,047

Profit for the year

13,294

33,838

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

2

ordinary

£1

2

5.	CONTROLLING PARTY

The company is under the control of director and sole shareholder, J E Langley.