Abbreviated Company Accounts - JUST SOLUTIONS (COVENTRY) LTD

Abbreviated Company Accounts - JUST SOLUTIONS (COVENTRY) LTD

JUST SOLUTIONS GROUP LTD - Company Information

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Registered Number 06252976

JUST SOLUTIONS (COVENTRY) LTD

Abbreviated Accounts

31 May 2016

JUST SOLUTIONS (COVENTRY) LTD Registered Number 06252976

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 285,527 276,095
285,527 276,095
Current assets
Stocks 342,889 239,277
Debtors 55,072 74,590
Cash at bank and in hand 63,194 1,848
461,155 315,715
Creditors: amounts falling due within one year (323,609) (248,705)
Net current assets (liabilities) 137,546 67,010
Total assets less current liabilities 423,073 343,105
Creditors: amounts falling due after more than one year (111,091) (95,207)
Total net assets (liabilities) 311,982 247,898
Capital and reserves
Called up share capital 3 3 3
Revaluation reserve 100,000 100,000
Profit and loss account 211,979 147,895
Shareholders' funds 311,982 247,898
  • For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 January 2017

And signed on their behalf by:
Mr P Farrelly, Director

JUST SOLUTIONS (COVENTRY) LTD Registered Number 06252976

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets and financial instruments, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation 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:

Plant & Machinery - 20% Straight Line
Fixtures & Fittings - 20% Straight Line
Motor Vehicles - 25% Straight Line
Equipment - 20% Straight Line

Other accounting policies
The company was under the control of Mr Peter Farrelly throughout the current year. Mr Farrelly are the managing directors and majority shareholders.

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

2Tangible fixed assets
£
Cost
At 1 June 2015 339,336
Additions 33,923
Disposals (21,617)
Revaluations -
Transfers -
At 31 May 2016 351,642
Depreciation
At 1 June 2015 63,241
Charge for the year 20,162
On disposals (17,288)
At 31 May 2016 66,115
Net book values
At 31 May 2016 285,527
At 31 May 2015 276,095
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
2 Ordinary shares of £1 each 2 2
1 Ordinary B shares of £1 each 1 1