JCM_CONTRACTS_(MIDLANDS)_ - Accounts

JCM CONTRACTS (MIDLANDS) LTD. - Company Information

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Company Registration No. 04390777 (England and Wales)

JCM CONTRACTS (MIDLANDS) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

JCM CONTRACTS (MIDLANDS) LIMITED

CONTENTS

PAGE

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

JCM CONTRACTS (MIDLANDS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

FIXED ASSETS

Tangible assets

85,174

75,759

CURRENT ASSETS

Stocks

14,000

Debtors

321,744

208,957

Cash at bank and in hand

383,810

233,439

719,554

456,396

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

(161,293)

(49,812)

NET CURRENT ASSETS

558,261

406,584

TOTAL ASSETS LESS CURRENT LIABILITIES

643,435

482,343

PROVISIONS FOR LIABILITIES

(17,035)

(15,152)

626,400

467,191

CAPITAL AND RESERVES

Called up share capital

1,000

Profit and loss account

625,400

466,191

SHAREHOLDERS' FUNDS

626,400

467,191

JCM CONTRACTS (MIDLANDS) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 December 2016

M J Burbridge

DIRECTOR

COMPANY REGISTRATION NO. 04390777

JCM CONTRACTS (MIDLANDS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

ACCOUNTING POLICIES

1.1

ACCOUNTING CONVENTION

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

COMPLIANCE WITH ACCOUNTING STANDARDS

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

TURNOVER

Turnover represents net invoiced work done, excluding value added tax.

1.4

TANGIBLE FIXED ASSETS AND DEPRECIATION

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% on cost

Computer equipment

25% on cost

Motor vehicles

25% on reducing balance

FIXED ASSETS

Tangible assets

COST

At 1 April 2015

151,938

Additions

40,675

At 31 March 2016

192,613

DEPRECIATION

At 1 April 2015

76,179

Charge for the year

31,260

At 31 March 2016

107,439

NET BOOK VALUE

At 31 March 2016

85,174

At 31 March 2015

75,759

JCM CONTRACTS (MIDLANDS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

SHARE CAPITAL

2016

2015

ALLOTTED, CALLED UP AND FULLY PAID

1,000 Ordinary of £1 each

1,000

RELATED PARTY RELATIONSHIPS AND TRANSACTIONS

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

M J Burbridge -

20,148

6,617

21,225

5,540

20,148

6,617

21,225

5,540