Jed's House Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07568397 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Jed's House Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T G Hewett

Mrs A M Hewett

Ms L V J Titchner

D J Stockwell

SECRETARY:

REGISTERED OFFICE:

Unit 20

Morehouse Farm Business Centre

Ditchling Road

Wivelsfield

West Sussex

RH17 7RE

REGISTERED NUMBER:

07568397 (England and Wales)

ACCOUNTANTS:

Indigo Tax and Accountancy Limited

The Barn

Brighton Road

Lower Beeding

Horsham

West Sussex

RH13 6PT

FIXED ASSETS

Tangible assets

2

2,732

2,244

CURRENT ASSETS

Stocks

13,236

12,444

Debtors

83,822

51,954

Cash in hand

5,360

9,712

102,418

74,110

CREDITORS

Amounts falling due within one year

70,000

55,253

NET CURRENT ASSETS

32,418

18,857

TOTAL ASSETS LESS CURRENT
LIABILITIES

35,150

21,101

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

35,050

21,001

SHAREHOLDERS' FUNDS

35,150

21,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 16 May 2016 and were signed on its behalf by:

T G Hewett - 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 invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

Straight line over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

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

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

4,170

Additions

2,039

At 31 March 2016

6,209

DEPRECIATION

At 1 April 2015

1,926

Charge for year

1,551

At 31 March 2016

3,477

NET BOOK VALUE

At 31 March 2016

2,732

At 31 March 2015

2,244

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100