JRM International Limited - Abbreviated accounts 16.1

JRM International Limited - Abbreviated accounts 16.1

J R M INTERNATIONAL LIMITED - Company Information

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REGISTERED NUMBER: 03666918 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

JRM INTERNATIONAL LIMITED

JRM INTERNATIONAL LIMITED (REGISTERED NUMBER: 03666918)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

JRM INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: G Mace
Mrs K I Mace





SECRETARY: Mrs K I Mace





REGISTERED OFFICE: Union Chambers
11 Weekday Cross
Nottingham
NG1 2GB





REGISTERED NUMBER: 03666918 (England and Wales)





ACCOUNTANTS: Collins Chapple & Co Limited
34a Musters Road
West Bridgford
Nottingham
NG2 7PL
Page 1
JRM INTERNATIONAL LIMITED (REGISTERED NUMBER: 03666918)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 149,010 158,386

CURRENT ASSETS
Stocks 499,596 427,403
Debtors 614,990 655,006
Cash at bank and in hand 112,690 61,520
1,227,276 1,143,929
CREDITORS
Amounts falling due within one year 601,130 609,236
NET CURRENT ASSETS 626,146 534,693
TOTAL ASSETS LESS CURRENT
LIABILITIES
775,156
693,079

CREDITORS
Amounts falling due after more than one year 2,433 -
NET ASSETS 772,723 693,079

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 772,623 692,979
SHAREHOLDERS' FUNDS 772,723 693,079

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 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 notes form part of these abbreviated accounts

Page 2 continued...
JRM INTERNATIONAL LIMITED (REGISTERED NUMBER: 03666918)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 30 August 2016 and were signed on its behalf by:





G Mace - Director


The notes form part of these abbreviated accounts

Page 3
JRM INTERNATIONAL LIMITED (REGISTERED NUMBER: 03666918)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

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.

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

Short leasehold - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 339,679
Additions 32,057
At 31 December 2015 371,736
DEPRECIATION
At 1 January 2015 181,293
Charge for year 41,433
At 31 December 2015 222,726
NET BOOK VALUE
At 31 December 2015 149,010
At 31 December 2014 158,386

Page 4 continued...
JRM INTERNATIONAL LIMITED (REGISTERED NUMBER: 03666918)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
100 Ordinary £1 100 100

Page 5