Abbreviated Company Accounts - JARVCO LTD

Registered Number 05399992

JARVCO LTD

Abbreviated Accounts

31 March 2016

JARVCO LTD Registered Number 05399992

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	45,300	49,000
Tangible assets	3	15,996	24,749
		61,296	73,749
Current assets
Stocks		16,130	9,167
Debtors		9,817	18,210
Cash at bank and in hand		24,389	34,276
		50,336	61,653
Creditors: amounts falling due within one year		(111,155)	(129,858)
Net current assets (liabilities)		(60,819)	(68,205)
Total assets less current liabilities		477	5,544
Total net assets (liabilities)		477	5,544
Capital and reserves
Called up share capital		2	2
Profit and loss account		475	5,542
Shareholders' funds		477	5,544

For the year ending 31 March 2016 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 June 2016

And signed on their behalf by:
James Jarvis, Director
Steven Jarvis, Director

JARVCO LTD Registered Number 05399992

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life , as follows:
Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% straight line

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

2Intangible fixed assets

	£
Cost
At 1 April 2015	74,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	74,000
Amortisation
At 1 April 2015	25,000
Charge for the year	3,700
On disposals	-
At 31 March 2016	28,700
Net book values
At 31 March 2016	45,300
At 31 March 2015	49,000

3Tangible fixed assets

	£
Cost
At 1 April 2015	41,362
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	41,362
Depreciation
At 1 April 2015	16,613
Charge for the year	8,753
On disposals	-
At 31 March 2016	25,366
Net book values
At 31 March 2016	15,996
At 31 March 2015	24,749