Abbreviated Company Accounts - MICHAEL JENKINS LTD

MICHAEL JENKINS LTD - Company Information

07739162 MICHAEL JENKINS LTD 2016-02-28 false 2015-03-01 2016-02-28 true 07739162 2015-03-01 2016-02-28 07739162 2016-02-28 07739162 2015-02-28 07739162 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 07739162 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 07739162

MICHAEL JENKINS LTD

Abbreviated Accounts

28 February 2016

MICHAEL JENKINS LTD Registered Number 07739162

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	6,000	7,000
		6,000	7,000
Current assets
Stocks		103,255	62,450
Debtors	3	10,688	6,192
Cash at bank and in hand		9,747	-
		123,690	68,642
Creditors: amounts falling due within one year	4	(111,786)	(60,038)
Net current assets (liabilities)		11,904	8,604
Total assets less current liabilities		17,904	15,604
Total net assets (liabilities)		17,904	15,604
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		17,804	15,504
Shareholders' funds		17,904	15,604

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 29 November 2016

And signed on their behalf by:
M Jenkins, Director

MICHAEL JENKINS LTD Registered Number 07739162

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Other accounting policies
Goodwill being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of foxed and variable overheads.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Intangible fixed assets

	£
Cost
At 1 March 2015	10,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	10,000
Amortisation
At 1 March 2015	3,000
Charge for the year	1,000
On disposals	-
At 28 February 2016	4,000
Net book values
At 28 February 2016	6,000
At 28 February 2015	7,000

3Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	10,688	6,192

4Creditors

	2016 £	2015 £
Secured Debts	111,786	60,038

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100