J & A Asset Management Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05712147 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 29 February 2016

for

J & A Asset Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J W Balchin

Mrs A D Balchin

SECRETARY:

Mrs A D Balchin

REGISTERED OFFICE:

35 Bouverie Square

Folkestone

Kent

CT20 1BA

REGISTERED NUMBER:

05712147 (England and Wales)

ACCOUNTANTS:

Colao & Co

Office 1,

599-613 Princes Road

Dartford

Kent

DA2 6HH

FIXED ASSETS

Tangible assets

2

1,822,004

1,848,722

CURRENT ASSETS

Debtors

26,612

24,538

Cash at bank

1,122

12,115

27,734

36,653

CREDITORS

Amounts falling due within one year

422,528

381,949

NET CURRENT LIABILITIES

(394,794

)

(345,296

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,427,210

1,503,426

CREDITORS

Amounts falling due after more than one year

3

1,365,349

1,453,969

NET ASSETS

61,861

49,457

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

61,859

49,455

SHAREHOLDERS' FUNDS

61,861

49,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 24 October 2016 and were signed on its behalf by:

J W Balchin - Director

Mrs A D Balchin - 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.

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

-

25% 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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

1,943,666

Disposals

(84,385

)

At 29 February 2016

1,859,281

DEPRECIATION

At 1 March 2015

94,944

Charge for year

1,267

Eliminated on disposal

(58,934

)

At 29 February 2016

37,277

NET BOOK VALUE

At 29 February 2016

1,822,004

At 28 February 2015

1,848,722

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

29.2.16

28.2.15

£

£

Repayable by instalments

934,661

963,265

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

£

2

Ordinary

£1

2

2