Justfone Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03926817 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Justfone Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T Ford

S A Brown

SECRETARY:

T Ford

REGISTERED OFFICE:

1-3 Sandgate

Berwick-upon-Tweed

TD15 1EW

REGISTERED NUMBER:

03926817 (England and Wales)

ACCOUNTANT:

Susan Cove Accountancy Limited

Chartered Accountant

Greenhill Cottage

Greenhill Farm

Selkirk

Borders

TD7 4NP

FIXED ASSETS

Tangible assets

2

-

724

CURRENT ASSETS

Stocks

1,600

Debtors

56,809

50,704

Cash at bank

46,985

62,981

105,394

115,285

CREDITORS

Amounts falling due within one
year

63,908

49,954

NET CURRENT ASSETS

41,486

65,331

TOTAL ASSETS LESS CURRENT
LIABILITIES

41,486

66,055

CREDITORS

Amounts falling due after more than
one year

389,500

439,500

NET LIABILITIES

(348,014

)

(373,445

)

CAPITAL AND RESERVES

Called up share capital

3

10,000

Profit and loss account

(358,014

)

(383,445

)

SHAREHOLDERS' FUNDS

(348,014

)

(373,445

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 7 December 2016 and were
signed on its behalf by:

S A Brown - 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.

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 reducing balance

Stocks

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

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

1,090

Disposals

(1,090

)

At 31 May 2016

-

DEPRECIATION

At 1 June 2015

366

Eliminated on disposal

(366

)

At 31 May 2016

-

NET BOOK VALUE

At 31 May 2016

-

At 31 May 2015

724

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

10,000

Ordinary

£1

10,000