J3 Design Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06371634 (England and Wales)

J3 DESIGN LIMITED

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs J C Hewitt

SECRETARY:

Mrs J M Dewar

REGISTERED OFFICE:

40 Lord Street

Stockport

Cheshire

SK1 3NA

REGISTERED NUMBER:

06371634 (England and Wales)

ACCOUNTANTS:

Whitehead & Co

Chartered Accountants

Registered Auditor

40 Lord Street

Stockport

Cheshire

SK1 3NA

FIXED ASSETS

Intangible assets

2

1,900

2,850

Tangible assets

3

4,266

4,543

6,166

7,393

CURRENT ASSETS

Debtors

2,798

-

Cash at bank

560

14,199

3,358

14,199

CREDITORS

Amounts falling due within one year

17,993

19,226

NET CURRENT LIABILITIES

(14,635

)

(5,027

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,469

)

2,366

PROVISIONS FOR LIABILITIES

853

909

NET (LIABILITIES)/ASSETS

(9,322

)

1,457

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

(9,323

)

1,456

SHAREHOLDERS' FUNDS

(9,322

)

1,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 28 October 2016 and were signed by:

Mrs J C Hewitt - 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 services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten 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 etc

-

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

9,500

AMORTISATION

At 1 September 2015

6,650

Amortisation for year

950

At 31 August 2016

7,600

NET BOOK VALUE

At 31 August 2016

1,900

At 31 August 2015

2,850

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

12,133

Additions

790

At 31 August 2016

12,923

DEPRECIATION

At 1 September 2015

7,590

Charge for year

1,067

At 31 August 2016

8,657

NET BOOK VALUE

At 31 August 2016

4,266

At 31 August 2015

4,543

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

1

Ordinary

£1

1

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J C Hewitt.