JKL Advisory Services Limited - Period Ending 2016-01-31

Registration number: 05377094

JKL Advisory Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Saul Fairholm Limited
12 Tentercroft Street
Lincoln
LN5 7DB

JKL Advisory Services Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

JKL Advisory Services Limited
(Registration number: 05377094)
Abbreviated Balance Sheet at 31 January 2016

		Note			2016 £			2015 £
Fixed assets
Investments					325,000			325,000
Current assets
Stocks					162,721			-
Debtors					6,322			250
Cash at bank and in hand					30,634			32,425
					199,677			32,675
Creditors: Amounts falling due within one year					(219,011)			(47,455)
Net current liabilities					(19,334)			(14,780)
Net assets					305,666			310,220
Capital and reserves
Called up share capital		4			96			96
Profit and loss account					305,570			310,124
Shareholders' funds					305,666			310,220

For the year ending 31 January 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 24 October 2016 and signed on its behalf by:

.........................................
Mr MP Cox
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

JKL Advisory Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 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 the net invoiced sales of goods, excluding value added tax, except in respect of services contracts where turnover is recognised when the company obtains the right to consideration.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stocks are valued at the low 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.

2	Fixed assets

		Investments £			Total £
Cost
At 1 February 2015		325,000			325,000
At 31 January 2016		325,000			325,000
Depreciation
At 31 January 2016		-			-
Net book value
At 31 January 2016		325,000			325,000
At 31 January 2015		325,000			325,000

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

Page 2

JKL Advisory Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

		2016 £			2015 £
Amounts falling due within one year		178,621			5,628

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		96			96			96			96

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