Jeff Cliff Model Effects Ltd - Period Ending 2016-07-31

Registration number: 04846749

Jeff Cliff Model Effects Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

AIMS Accountants for Business
Beaufort House
113 Parson Street
Bristol
BS3 5QH

Jeff Cliff Model Effects Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Management Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Jeff Cliff Model Effects Ltd
for the Year Ended 31 July 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jeff Cliff Model Effects Ltd for the year ended 31 July 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Jeff Cliff Model Effects Ltd, as a body, in accordance with the terms of our engagement letter dated 31 May 2007. Our work has been undertaken solely to prepare for your approval the accounts of Jeff Cliff Model Effects Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jeff Cliff Model Effects Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Jeff Cliff Model Effects Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Jeff Cliff Model Effects Ltd. You consider that Jeff Cliff Model Effects Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Jeff Cliff Model Effects Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

AIMS Accountants for Business
Beaufort House
113 Parson Street
Bristol
BS3 5QH

31 August 2016

Page 1

Jeff Cliff Model Effects Ltd
(Registration number: 04846749)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,483			1,978
Current assets
Debtors					3,049			702
Cash at bank and in hand					16,362			29,324
					19,411			30,026
Creditors: Amounts falling due within one year					(2,464)			(862)
Net current assets					16,947			29,164
Net assets					18,430			31,142
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					18,330			31,042
Shareholders' funds					18,430			31,142

For the year ending 31 July 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 director acknowledges his 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 director on 31 August 2016

.........................................
J Cliff
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Jeff Cliff Model Effects Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Jeff Cliff Model Effects Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2015		28,231			28,231
At 31 July 2016		28,231			28,231
Depreciation
At 1 August 2015		26,253			26,253
Charge for the year		495			495
At 31 July 2016		26,748			26,748
Net book value
At 31 July 2016		1,483			1,483
At 31 July 2015		1,978			1,978

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
J Cliff
Loan from director	1,888	-	771	-

Page 4