Glassjacks Ltd - Abbreviated accounts 16.1

Glassjacks Ltd - Abbreviated accounts 16.1

GLASSJACKS LTD - Company Information

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REGISTERED NUMBER: 07576849 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

GLASSJACKS LTD

GLASSJACKS LTD (REGISTERED NUMBER: 07576849)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Chartered Certified Accountants' Report 2

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

GLASSJACKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: A Lewis





REGISTERED OFFICE: 29 Field View
Knightwood Chandler's Ford
Eastleigh
Hampshire
SO53 4LJ





REGISTERED NUMBER: 07576849 (England and Wales)





ACCOUNTANTS: Magenta Accounts Limited
2a Poles Copse
Poles Lane
Otterbourne
Winchester
Hampshire
SO21 2DZ
Page 1
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GLASSJACKS LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Glassjacks Ltd for the year ended 31 March 2016 which comprise the Profit and Loss Account,
the Balance Sheet, and the related notes from the company's accounting records and from information and explanations
you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Glassjacks Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Glassjacks Ltd and state those matters that we have agreed to state to the director of Glassjacks Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Glassjacks Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Glassjacks Ltd. You consider that Glassjacks Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Glassjacks Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Magenta Accounts Limited
2a Poles Copse
Poles Lane
Otterbourne
Winchester
Hampshire
SO21 2DZ


15 June 2016

This page does not form part of the abbreviated accounts

Page 2
GLASSJACKS LTD (REGISTERED NUMBER: 07576849)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 971 1,294

CURRENT ASSETS
Stocks 32,700 32,831
Debtors 6,703 2,419
Cash at bank 49,502 44,256
88,905 79,506
CREDITORS
Amounts falling due within one year 28,151 27,257
NET CURRENT ASSETS 60,754 52,249
TOTAL ASSETS LESS CURRENT
LIABILITIES
61,725
53,543

CREDITORS
Amounts falling due after more than one
year
47,629
32,187
NET ASSETS 14,096 21,356

CAPITAL AND RESERVES
Called up share capital 3 10 1
Profit and loss account 14,086 21,355
SHAREHOLDERS' FUNDS 14,096 21,356

The notes form part of these abbreviated accounts

Page 2 continued...
GLASSJACKS LTD (REGISTERED NUMBER: 07576849)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 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 15 June 2016 and were signed by:





A Lewis - Director


The notes form part of these abbreviated accounts

Page 3
GLASSJACKS LTD (REGISTERED NUMBER: 07576849)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


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).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

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 - 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 3,099
DEPRECIATION
At 1 April 2015 1,805
Charge for year 323
At 31 March 2016 2,128
NET BOOK VALUE
At 31 March 2016 971
At 31 March 2015 1,294

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
10 Ordinary £1 10 1

9 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

Page 4