Jane Means Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08390173 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Jane Means Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss J Means

REGISTERED OFFICE:

Unit 1 St Johns

Craft Workshops

Bracebridge Heath

Lincoln

Lincolnshire

LN4 2TA

REGISTERED NUMBER:

08390173 (England and Wales)

ACCOUNTANTS:

Philomena's Accountants & Tax Consultants Ltd

18 Swaythling Close

Lincoln

Lincolnshire

LN6 3DD

FIXED ASSETS

Tangible assets

2

10,945

13,254

CURRENT ASSETS

Stocks

37,500

40,500

Debtors

12,407

20,755

Cash at bank

30,979

42,809

80,886

104,064

CREDITORS

Amounts falling due within one year

80,457

109,295

NET CURRENT ASSETS/(LIABILITIES)

429

(5,231

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,374

8,023

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

11,373

8,022

SHAREHOLDERS' FUNDS

11,374

8,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 December 2016 and were signed by:

Miss J Means - 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 April 2015

16,029

Additions

1,340

At 31 March 2016

17,369

DEPRECIATION

At 1 April 2015

2,775

Charge for year

3,649

At 31 March 2016

6,424

NET BOOK VALUE

At 31 March 2016

10,945

At 31 March 2015

13,254

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

1