BJS MAGAZINE SERVICES LIMITED - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05056841 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

BJS MAGAZINE SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B J Smith

SECRETARY:

Mrs L M Smith

REGISTERED OFFICE:

8 Admiral Way

Kings hill

West Malling

Kent

ME19 4NT

REGISTERED NUMBER:

05056841 (England and Wales)

ACCOUNTANTS:

Douglas Colmer & Co

Orwell Lodge

13 Lesney Park Road

Erith

Kent

DA8 3DQ

FIXED ASSETS

Intangible assets

2

-

1,575

Tangible assets

3

1

1

1

1,576

CURRENT ASSETS

Debtors

26,268

24,609

Investments

10,966

10,809

Cash at bank and in hand

26,098

25,015

63,332

60,433

CREDITORS

Amounts falling due within one year

57,781

50,930

NET CURRENT ASSETS

5,551

9,503

TOTAL ASSETS LESS CURRENT LIABILITIES

5,552

11,079

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

5,452

10,979

SHAREHOLDERS' FUNDS

5,552

11,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 8 October 2014 and were signed by:

B J Smith - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, 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

-

50% on cost

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

15,750

AMORTISATION

At 1 April 2013

14,175

Amortisation for year

1,575

At 31 March 2014

15,750

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

1,575

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

1,723

DEPRECIATION

At 1 April 2013

and 31 March 2014

1,722

NET BOOK VALUE

At 31 March 2014

1

At 31 March 2013

1

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

5.	RELATED PARTY DISCLOSURES