Accounts filed on 31-08-2015

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			Company registration number:07355915
			JOSHUA DEVELOPMENTS LTD
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 August 2015

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JOSHUA DEVELOPMENTS LTD
BALANCE SHEET
AS AT 31 August 2015
			2015				2014
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			1,814				722
					1,814				722
CURRENT ASSETS
Stocks			433,341				80,655
Debtors			62,810				107,647
Cash at bank and in hand			2,334				1,217
			498,485				189,519
CREDITORS
Amounts falling due within one year			(25,250)				(183,796)
NET CURRENT ASSETS					473,235				5,723
TOTAL ASSETS LESS
CURRENT LIABILITIES					475,049				6,445
Creditors falling due after one year					(464,710)				(0)
NET ASSETS					10,339				6,445
CAPITAL AND RESERVES
Called-up equity share capital		3			1				1
Profit and loss account					10,338				6,444
SHAREHOLDERS FUNDS					10,339				6,445
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 the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 20 May 2016 and signed on its behalf.
..........................................................................
Mr Roger James
20 May 2016
The annexed notes form part of these financial statements.

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JOSHUA DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Statement of cashflow

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Fixed assets

Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and Machinery - 15% reducing balance basis

Stocks and work In progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any forseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			1,000
	Additions			1,600
	At end of period			2,600
	Depreciation
	At start of period			278
	Provided during the period			508
	At end of period			786
	Net Book Value
	At start of period			722
	At end of period			1,814

3.	Share capital				Allotted, issued and fully paid
					2015	2014
					£	£
	Ordinary shares of £1 each				1	1
	Total issued share capital				1	1
4.	Ultimate controlling party
	In the opinion of the Director Mr Roger James who holds 100% of the issued shares of Joshua Developments Ltd is the company's ultimate controller.