Julia Mays Limited - Period Ending 2016-02-29

29 February 2016

Ordinary of £1 each

JULIA MAYS LTD - Company Information

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Registration number: 09455639

Julia Mays Limited

Unaudited Abbreviated Accounts

for the Period from 24 February 2015 to 29 February 2016

Capys Limited
7 Molyneux Street
London
W1H 5HP

Julia Mays Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Julia Mays Limited
for the Period Ended 29 February 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Julia Mays Limited for the period ended 29 February 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Julia Mays Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Julia Mays Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Julia Mays Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Julia Mays Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Julia Mays Limited. You consider that Julia Mays Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Julia Mays Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Capys Limited
7 Molyneux Street
London
W1H 5HP

18 November 2016

Page 1

Julia Mays Limited
(Registration number: 09455639)
Abbreviated Balance Sheet at 29 February 2016

	Note	29 February 2016 £
Fixed assets
Tangible fixed assets		1,012
Current assets
Stocks		12,760
Cash at bank and in hand		1,178
		13,938
Creditors: Amounts falling due within one year		(30,192)
Net current liabilities		(16,254)
Total assets less current liabilities		(15,242)
Creditors: Amounts falling due after more than one year		(301)
Net liabilities		(15,543)
Capital and reserves
Called up share capital	3	1
Profit and loss account		(15,544)
Shareholders' deficit		(15,543)

For the year ending 29 February 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 director acknowledges her 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 director on 18 November 2016

.........................................
Julia Mayer
Company secretary

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Julia Mays Limited
Notes to the Abbreviated Accounts for the Period from 24 February 2015 to 29 February 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows

Asset class	Depreciation method and rate
Office equipment	straight line 33.3%

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Julia Mays Limited
Notes to the Abbreviated Accounts for the Period from 24 February 2015 to 29 February 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	1,041	1,041
At 29 February 2016	1,041	1,041
Depreciation
Charge for the period	29	29
At 29 February 2016	29	29
Net book value
At 29 February 2016	1,012	1,012

3	Share capital

Allotted, called up and fully paid shares

Page 4