Jomanda Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05526102 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

JOMANDA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss J Holland

SECRETARY:

Mrs L Holland

REGISTERED OFFICE:

Unit 14

Park Farm

Skeffington

Leicester

Leicestershire

LE7 9YE

REGISTERED NUMBER:

05526102 (England and Wales)

FIXED ASSETS

Tangible assets

2

4,939

6,040

CURRENT ASSETS

Stocks

125,961

109,259

Debtors

32,721

26,314

Cash at bank and in hand

213

4,303

158,895

139,876

CREDITORS

Amounts falling due within one year

132,105

127,536

NET CURRENT ASSETS

26,790

12,340

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,729

18,380

CREDITORS

Amounts falling due after more than one
year

3

23,392

26,309

NET ASSETS/(LIABILITIES)

8,337

(7,929

)

CAPITAL AND RESERVES

Called up share capital

4

91,140

81,140

Retained earnings

(82,803

)

(89,069

)

SHAREHOLDERS' FUNDS

8,337

(7,929

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 1 April 2016 and were signed by:

Miss J Holland - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% 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.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

24,106

Additions

84

At 31 December 2015

24,190

DEPRECIATION

At 1 January 2015

18,066

Charge for year

1,185

At 31 December 2015

19,251

NET BOOK VALUE

At 31 December 2015

4,939

At 31 December 2014

6,040

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

Repayable by instalments

23,392

26,309

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

91,140

Ordinary

£1

91,140

81,140

(2014 - 81,140 )

10,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015 and

31 December 2014:

2015

2014

£

Miss J Holland

Balance outstanding at start of year

(4,847

)

1,636

Amounts advanced

3,570

1,000

Amounts repaid

(5,976

)

(7,483

)

Balance outstanding at end of year

(7,253

)

(4,847

)