J.M.S. MANAGEMENT LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 05471078 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

J.M.S. MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Pelengaris

Mrs F A Pelengaris

M J Pelengaris

Miss S Pelengaris

T Blackmore-Squires

SECRETARY:

Mrs F A Pelengaris

REGISTERED OFFICE:

The Royal Inn

Pier Road

Portishead

Bristol

BS20 7HG

REGISTERED NUMBER:

05471078 (England and Wales)

ACCOUNTANTS:

Branscombe Accountancy Services Limited

2 Branscombe Walk

Portishead

North Somerset

BS20 8LP

BANKERS:

Lloyds TSB Bank Plc

PO Box 1000

BL1 1LT

FIXED ASSETS

Tangible assets

2

44,891

45,409

CURRENT ASSETS

Stocks

12,621

12,338

Debtors

121,801

131,925

Prepayments and accrued income

27,370

25,761

Cash at bank and in hand

36,290

54,906

198,082

224,930

CREDITORS

Amounts falling due within one year

190,979

219,819

NET CURRENT ASSETS

7,103

5,111

TOTAL ASSETS LESS CURRENT LIABILITIES

51,994

50,520

CAPITAL AND RESERVES

Called up share capital

3

125

125

Share premium

49,975

49,975

Profit and loss account

1,894

420

SHAREHOLDERS' FUNDS

51,994

50,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 10 December 2016 and were signed on its behalf by:

D Pelengaris - Director

M J Pelengaris - Director

Miss S Pelengaris - 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 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.

Kitchen & Bar equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 July 2015

89,794

Additions

2,436

At 30 June 2016

92,230

DEPRECIATION

At 1 July 2015

44,385

Charge for year

2,954

At 30 June 2016

47,339

NET BOOK VALUE

At 30 June 2016

44,891

At 30 June 2015

45,409

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

125

Ordinary

£1

125

125