Jollys Promotion Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: NI614856 (Northern Ireland)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

Jollys Promotion Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S McQuaid

A McQuaid

SECRETARY:

REGISTERED OFFICE:

73 Lislasly Road

Moy

Dungannon

Co. Tyrone

BT71 6TB

REGISTERED NUMBER:

NI614856 (Northern Ireland)

ACCOUNTANTS:

WHR Accountants Ltd

Chartered Certified Accountants

Statutory Auditors

56 English Street

Armagh

Co. Armagh

BT61 7LG

FIXED ASSETS

Intangible assets

2

24,674

28,199

Tangible assets

3

14,100

15,667

38,774

43,866

CURRENT ASSETS

Stocks

2,500

1,500

Debtors

6,796

100

9,296

1,600

CREDITORS

Amounts falling due within one year

26,455

19,646

NET CURRENT LIABILITIES

(17,159

)

(18,046

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,615

25,820

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

21,515

25,720

SHAREHOLDERS' FUNDS

21,615

25,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 29 July 2016 and were signed on its behalf by:

A McQuaid - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

35,249

AMORTISATION

At 1 November 2014

7,050

Amortisation for year

3,525

At 31 October 2015

10,575

NET BOOK VALUE

At 31 October 2015

24,674

At 31 October 2014

28,199

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

17,408

DEPRECIATION

At 1 November 2014

1,741

Charge for year

1,567

At 31 October 2015

3,308

NET BOOK VALUE

At 31 October 2015

14,100

At 31 October 2014

15,667

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

100

Share capital 1

100