Jigsol Business Solutions Limited Small abbreviated accounts

Jigsol Business Solutions Limited Small abbreviated accounts

JIGSOL BUSINESS SOLUTIONS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 06342554
JIGSOL BUSINESS SOLUTIONS LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
30 April 2016
JIGSOL BUSINESS SOLUTIONS LTD
Chartered Certified Accountants
Athene House
86 The Broadway
Mill Hill
London
NW7 3TD
JIGSOL BUSINESS SOLUTIONS LIMITED
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE
DIRECTORS OF JIGSOL BUSINESS SOLUTIONS LIMITED
YEAR ENDED 30 APRIL 2016
You consider that the Company is exempt from an audit for the year ended 30 April 2016. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps accounting records which comply with section 386 of the Companies Act 2006, and for preparing financial statements which give a true and fair view of the state of affairs of the Company and of its profit for the financial year.
In accordance with your instructions, we have prepared the financial statements on pages 2 to 6 from the accounting records of the Company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.
JIGSOL BUSINESS SOLUTIONS LTD Chartered Certified Accountants
Athene House 86 The Broadway Mill Hill London NW7 3TD
31 January 2017
JIGSOL BUSINESS SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
30 April 2016
2016
2015
Note
£
£
£
FIXED ASSETS
2
Intangible assets
300,000
400,000
Tangible assets
16,525
21,197
----------
----------
316,525
421,197
----------
----------
CURRENT ASSETS
Debtors
224,487
171,760
Cash at bank and in hand
10,126
2,279
----------
----------
234,613
174,039
CREDITORS: Amounts falling due within one year
489,045
549,218
----------
----------
NET CURRENT LIABILITIES
( 254,432)
( 375,179)
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
62,093
46,018
----------
----------
CAPITAL AND RESERVES
Called up equity share capital
3
140
140
Profit and loss account
61,953
45,878
---------
---------
SHAREHOLDERS' FUNDS
62,093
46,018
---------
---------
For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved by the directors and authorised for issue on 31 January 2017 , and are signed on their behalf by:
S M Levy J B Coleman
Director Director
Company Registration Number: 06342554
JIGSOL BUSINESS SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 30 APRIL 2016
1. ACCOUNTING POLICIES
Basis 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 April 2008).
Turnover
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.
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-Over 5 years straight line basis
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
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-25% reducing balance basis
Equipment-25% reducing balance basis
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2. FIXED ASSETS
Intangible Assets
Tangible Assets
Total
£
£
£
COST
At 1 May 2015
500,000
21,197
521,197
Additions
–
1,811
1,811
----------
---------
----------
At 30 April 2016
500,000
23,008
523,008
----------
---------
----------
DEPRECIATION
At 1 May 2015
100,000
–
100,000
Charge for year
100,000
6,483
106,483
----------
-------
----------
At 30 April 2016
200,000
6,483
206,483
----------
-------
----------
NET BOOK VALUE
At 30 April 2016
300,000
16,525
316,525
----------
---------
----------
At 30 April 2015
400,000
21,197
421,197
----------
---------
----------
3. SHARE CAPITAL
Allotted, called up and fully paid:
2016
2015
No
£
No
£
Ordinary Class A shares of £ 1 each
96
96
96
96
Ordinary Class B shares of £ 1 each
10
10
10
10
Ordinary Class C shares of £ 1 each
10
10
10
10
Ordinary Class D shares of £ 1 each
10
10
10
10
Ordinary Class E shares of £ 1 each
10
10
10
10
Ordinary Class F shares of £1 each
4
4
4
4
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140
140
140
140
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