J M DEVELOPMENTS(MIDLANDS)LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 05166921

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

J M DEVELOPMENTS(MIDLANDS)LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J M Smith

Mrs B J Smith

SECRETARY:

J M Smith

REGISTERED OFFICE:

The Oaks

School Lane

Alvechurch

West Midlands

B48 7SA

REGISTERED NUMBER:

05166921

ACCOUNTANTS:

M.D.McFerran & Co, Accountants

3 Millford Close

Hall Green

Birmingham

West Midlands

B28 0YL

FIXED ASSETS

Tangible assets

2

530,165

530,206

CURRENT ASSETS

Cash at bank

4,020

2,239

CREDITORS

Amounts falling due within one year

534,207

549,368

NET CURRENT LIABILITIES

(530,187

)

(547,129

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(22

)

(16,923

)

PROVISIONS FOR LIABILITIES

28

35

NET LIABILITIES

(50

)

(16,958

)

CAPITAL AND RESERVES

Called up share capital

3

100

Revaluation reserve

(11,462

)

(11,462

)

Profit and loss account

11,312

(5,596

)

SHAREHOLDERS' FUNDS

(50

)

(16,958

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 23 September 2016 and were signed on its behalf
by:

J M Smith - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets 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.

Freehold property

-

not provided

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 July 2015

and 30 June 2016

530,708

DEPRECIATION

At 1 July 2015

502

Charge for year

41

At 30 June 2016

543

NET BOOK VALUE

At 30 June 2016

530,165

At 30 June 2015

530,206

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

£1

100