JMTO Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07674070 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

JMTO LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Directors:

Mr M Keevil

Mrs J Keevil

Registered office:

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Registered number:

07674070 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Intangible assets

2

13,465

8,076

Tangible assets

3

6,981

6,450

20,446

14,526

Current assets

Stocks

2,099

1,750

Debtors

38,480

33,119

Cash at bank and in hand

2,543

18,142

43,122

53,011

Creditors

Amounts falling due within one year

4

39,075

34,444

Net current assets

4,047

18,567

Total assets less current liabilities

24,493

33,093

Creditors

Amounts falling due after more than one year

4

23,594

34,376

Net assets/(liabilities)

899

(1,283

)

Capital and reserves

Called up share capital

5

100

100

Profit and loss account

799

(1,383

)

Shareholders' funds

899

(1,283

)

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 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 16 August 2016 and were signed on its behalf by:

Mr M Keevil - 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 and services, 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 six years.

Intangible assets

Capitalised intangible asset costs are written off over a period of six years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance

for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and

variable overheads.

2.	Intangible fixed assets

Total

£

Cost

At 1 April 2015

28,504

Additions

7,949

At 31 March 2016

36,453

Amortisation

At 1 April 2015

20,428

Amortisation for year

2,560

At 31 March 2016

22,988

Net book value

At 31 March 2016

13,465

At 31 March 2015

8,076

3.	Tangible fixed assets

Total

£

Cost

At 1 April 2015

12,625

Additions

887

At 31 March 2016

13,512

Depreciation

At 1 April 2015

6,175

Charge for year

356

At 31 March 2016

6,531

Net book value

At 31 March 2016

6,981

At 31 March 2015

6,450

4.

Creditors

Creditors include an amount of £ 34,320 (31.3.15 - £ 45,102 ) for which security has been given.

5.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

£1

100

100

6.	Directors' advances, credits and guarantees

Included within other debtors due within one year is an amount of £35,579 (2015 - £28,799) due by the

director, Mr M Keevil.