JAY_NEWPORT_ACCOUNTANTS_L - Accounts

JAY NEWPORT ACCOUNTANTS LTD - Company Information

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Company Registration No. 08449804 (England and Wales)

JAY NEWPORT ACCOUNTANTS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

JAY NEWPORT ACCOUNTANTS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

JAY NEWPORT ACCOUNTANTS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,755

2,511

Current assets

Debtors

14,110

5,083

14,110

5,083

Creditors: amounts falling due within one year

(15,931)

(7,961)

Net current liabilities

(1,821)

(2,878)

Total assets less current liabilities

934

(367)

Provisions for liabilities

(148)

786

(367)

Capital and reserves

Called up share capital

Profit and loss account

785

(368)

Shareholders' funds

786

(367)

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 her 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 21 December 2016

Ms J Newport

Director

Company Registration No. 08449804

JAY NEWPORT ACCOUNTANTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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 amounts receivable for services provoided net of VAT.

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:

Fixtures, fittings & equipment

20% on cost

Fixed assets

Tangible assets

Cost

At 1 April 2015

3,139

Additions

933

At 31 March 2016

4,072

Depreciation

At 1 April 2015

628

Charge for the year

689

At 31 March 2016

1,317

Net book value

At 31 March 2016

2,755

At 31 March 2015

2,511

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of 1p each

Related party relationships and transactions

JAY NEWPORT ACCOUNTANTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

Related party relationships and transactions

(Continued)

- 3 -

Loans to directors

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Ms J Newport - Temporary advance

2,138

The temporary advance was repaid in April 2015.