JKMT Limited - Period Ending 2016-04-30

Registration number: 09388435

JKMT Limited

Unaudited Abbreviated Accounts

for the Period from 21 April 2015 to 30 April 2016

 

C V Ross & Co Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

JKMT Limited
(Registration number: 09388435)
Abbreviated Balance Sheet at 30 April 2016

		Note			30 April 2016 £			20 April 2015 £
Fixed assets
Intangible fixed assets					23,671			-
Tangible fixed assets					69,035			-
					92,706			-
Current assets
Stock and work in progress					4,836			-
Debtors					4,148			20
Cash at bank and in hand					61,079			-
					70,063			20
Creditors: Amounts falling due within one year					(39,099)			-
Net current assets					30,964			20
Net assets					123,670			20
Capital and reserves
Called up share capital					20			20
Share premium account					119,990			-
Profit and loss account					3,660			-
Shareholders' funds					123,670			20

The notes on pages 3 to 4 form an integral part of these financial statements.
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JKMT Limited
(Registration number: 09388435)
Abbreviated Balance Sheet at 30 April 2016
......... continued

For the year ending 30 April 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 31 January 2017 and signed on its behalf by:

.........................................
Mrs K Hooper
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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JKMT Limited
Notes to the Abbreviated Accounts for the Period from 21 April 2015 to 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold	10% straight line
Fixtures and fittings	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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JKMT Limited
Notes to the Abbreviated Accounts for the Period from 21 April 2015 to 30 April 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
Additions		26,301			86,997			113,298
At 30 April 2016		26,301			86,997			113,298
Depreciation
Charge for the period		2,630			17,962			20,592
At 30 April 2016		2,630			17,962			20,592
Net book value
At 30 April 2016		23,671			69,035			92,706

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