JPS Inns Ltd - Abbreviated accounts 16.1
JPS Inns Ltd - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
| FOR |
| JPS INNS LTD |
| JPS INNS LTD (REGISTERED NUMBER: 07646194) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| JPS INNS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| JPS INNS LTD (REGISTERED NUMBER: 07646194) |
| ABBREVIATED BALANCE SHEET |
| 30 SEPTEMBER 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 financial statements were approved by the director on |
| JPS INNS LTD (REGISTERED NUMBER: 07646194) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| At 30 September 2015 the company has net current liabilities of £271,232 and net liabilities of £24,007. The |
| director has given an undertaking that he will continue to provide financial support as and when required for the |
| foreseeable future. On these grounds, the director considers it appropriate to prepare the financial statements on |
| the going concern basis. |
| 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. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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 |
| The charge/(credit) for taxation is based on the results for the year and takes into account taxation deferred |
| because of timing differences between the treatment of certain items for taxation and accounting purposes. In |
| accordance with Financial Reporting Standard 19, provision is made for deferred tax in respect of all timing |
| differences that have been originated but not reversed by the balance sheet date. Deferred tax assets are |
| recognised when it is more likely than not that the asset will be recovered. Deferred tax is measured using rates |
| that have been enacted or substantially enacted by the balance sheet date. Deferred tax balances are not |
| discounted. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| Additions |
| At 30 September 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for year |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| 100 | Ordinary A | £1 | 100 | 100 |
| 50 | Ordinary B | £1 | 50 | 50 |
| 100 | Ordinary C | £1 | 100 | 100 |
| 50 | Ordinary D | £1 | 50 | 50 |
| 300 | 300 |
| JPS INNS LTD (REGISTERED NUMBER: 07646194) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2015 and |
| 30 September 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |