Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueJXK Limited084602442016-03-3138372362973847236397100100384723639710100921637139481580342125381093847042220923868292602012656842212291167253222544206747137356199251113735519924Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-Write off in First year
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Fixed Assets
All fixed assets are initially recorded at cost.
Plant & MachineryMethod for Plant & equipment0.0000Motor VehiclesMethod for Motor vehicles0.0000EquipmentMethod for Equipment0.0000200020001999199916540024341156504-154452804544172362816740026341156504-1544530044641623628Ordinary1001100100Ordinary11001001002016-12-29Ms A I Carreiratruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureJXK Limited2015-04-012016-03-31JXK Limited2014-04-012015-03-31JXK Limited2014-03-31JXK Limited2015-03-31JXK Limited2015-03-31JXK Limited2016-03-31 2016-12-30
