JML Installation Ltd - Abbreviated accounts 16.3

JML Installation Ltd - Abbreviated accounts 16.3

JML INSTALLATION LTD - Company Information

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SC469554 1.3.15 29.2.16 29.2.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4695542015-02-28SC4695542016-02-29SC4695542015-03-012016-02-29SC4695542014-02-09SC4695542014-02-102015-02-28SC4695542015-02-28SC469554ns12:Scotland2015-03-012016-02-29SC469554ns14:PoundSterling2015-03-012016-02-29SC469554ns7:Director12015-03-012016-02-29SC469554ns7:OrdinaryShareClass12015-03-012016-02-29SC469554ns7:RegisteredOffice2015-03-012016-02-29SC469554ns7:EntityAccountantsOrAuditors2015-03-012016-02-29SC469554ns5:PlantMachinery2015-03-012016-02-29SC469554ns5:ComputerEquipment2015-03-012016-02-29SC469554ns7:OrdinaryShareClass12016-02-29SC469554ns7:OrdinaryShareClass12015-02-28
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REGISTERED NUMBER: SC469554 (Scotland)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

JML INSTALLATION LTD

JML INSTALLATION LTD (REGISTERED NUMBER: SC469554)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016

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Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

JML INSTALLATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2016







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DIRECTOR: J M Lunn





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC469554 (Scotland)





ACCOUNTANTS: Henderson Loggie
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ
Page 1
JML INSTALLATION LTD (REGISTERED NUMBER: SC469554)

ABBREVIATED BALANCE SHEET
29 FEBRUARY 2016

2016 2015
Notes £    £    £    £   
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FIXED ASSETS
Tangible assets 2 475 712

CURRENT ASSETS
Stocks 730 1,500
Debtors 1,006 1,250
Cash at bank 2,485 49
4,221 2,799
CREDITORS
Amounts falling due within one year 7,474 3,050
NET CURRENT LIABILITIES (3,253 ) (251 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(2,778
)
461

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account (2,779 ) 460
SHAREHOLDERS' FUNDS (2,778 ) 461

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 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 30 November 2016 and were signed by:





J M Lunn - Director


The notes form part of these abbreviated accounts

Page 2
JML INSTALLATION LTD (REGISTERED NUMBER: SC469554)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
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1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis which assumes that the company will
continue in operational existence for the foreseeable future. The company's liabilities exceeded its assets by
£2,778 at 29 February 2016. The company is thus dependent on the continued financial support of its creditors.
The director is confident of this continuing support and of the company's long term trading prospects and on this
basis considers it appropriate to prepare the financial statements on the going concern basis. The financial
statements do not include any adjustments that would result from the withdrawal of financial support.

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 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 - 25% on a straight line basis
Computer equipment - 25% on a straight line basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 950
DEPRECIATION
At 1 March 2015 238
Charge for year 237
At 29 February 2016 475
NET BOOK VALUE
At 29 February 2016 475
At 28 February 2015 712

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10 Ordinary £0.10 1 1

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