Abbreviated Company Accounts - JFM DESIGN LIMITED

Abbreviated Company Accounts - JFM DESIGN LIMITED

JFM DESIGN LIMITED - Company Information

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Registered Number 03163569

JFM DESIGN LIMITED

Abbreviated Accounts

28 February 2016

JFM DESIGN LIMITED Registered Number 03163569

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 5,600 8,400
5,600 8,400
Current assets
Stocks 117,854 102,500
Debtors 3 44,108 27,098
Cash at bank and in hand - 5,499
161,962 135,097
Creditors: amounts falling due within one year (84,016) (58,685)
Net current assets (liabilities) 77,946 76,412
Total assets less current liabilities 83,546 84,812
Total net assets (liabilities) 83,546 84,812
Capital and reserves
Called up share capital 2 2
Profit and loss account 83,544 84,810
Shareholders' funds 83,546 84,812
  • For the year ending 28 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 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 25 November 2016

And signed on their behalf by:
M A A Razak, Director

JFM DESIGN LIMITED Registered Number 03163569

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 March 2015 45,797
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2016 45,797
Depreciation
At 1 March 2015 37,397
Charge for the year 2,800
On disposals -
At 28 February 2016 40,197
Net book values
At 28 February 2016 5,600
At 28 February 2015 8,400

Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows : Plant, equipment 20% Straight Line Motor Vehicles 25% Straight Line, Building Refurbishments 20% Straight Line

3Debtors
2016
£		 2015
£
Debtors include the following amounts due after more than one year 0 0

All Debtors are due within one year