Jasmi Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06544566 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 April 2016

for

Jasmi Limited

Trading as

Kingsland Pharmacy

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Manji

Mrs M Manji

SECRETARY:

Mrs M Manji

REGISTERED OFFICE:

406 Kingsland Road

London

E8 4AA

REGISTERED NUMBER:

06544566 (England and Wales)

ACCOUNTANTS:

Walji & Associates

336 Pinner Road

Harrow

Middlesex

HA1 4LB

FIXED ASSETS

Intangible assets

2

300,000

325,000

Tangible assets

3

1,673

833

301,673

325,833

CURRENT ASSETS

Stocks

32,250

42,500

Debtors

212,213

259,579

Cash at bank and in hand

491,673

497,323

736,136

799,402

CREDITORS

Amounts falling due within one year

442,201

564,309

NET CURRENT ASSETS

293,935

235,093

TOTAL ASSETS LESS CURRENT LIABILITIES

595,608

560,926

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

594,608

559,926

SHAREHOLDERS' FUNDS

595,608

560,926

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 9 January 2017 and were signed on its behalf by:

M Manji - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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 etc

-

25% on cost

Stocks

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

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

500,000

AMORTISATION

At 1 May 2015

175,000

Amortisation for year

25,000

At 30 April 2016

200,000

NET BOOK VALUE

At 30 April 2016

300,000

At 30 April 2015

325,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

57,523

Additions

1,260

At 30 April 2016

58,783

DEPRECIATION

At 1 May 2015

56,690

Charge for year

420

At 30 April 2016

57,110

NET BOOK VALUE

At 30 April 2016

1,673

At 30 April 2015

833

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

1,000

Ordinary

1

1,000

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES