Jay's Delicatessen Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07635713 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

JAY'S DELICATESSEN LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss J Begum

REGISTERED OFFICE:

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

REGISTERED NUMBER:

07635713 (England and Wales)

ACCOUNTANTS:

Daniel Wolfson & Co Ltd

Chartered Accountants

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

FIXED ASSETS

Tangible assets

2

3,451

4,439

CURRENT ASSETS

Stocks

2,823

3,295

Debtors

1,746

998

Cash at bank and in hand

1,501

10,216

6,070

14,509

CREDITORS

Amounts falling due within one year

20,121

14,329

NET CURRENT (LIABILITIES)/ASSETS

(14,051

)

180

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,600

)

4,619

CREDITORS

Amounts falling due after more than one year

60,000

63,035

NET LIABILITIES

(70,600

)

(58,416

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(70,601

)

(58,417

)

SHAREHOLDERS' FUNDS

(70,600

)

(58,416

)

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 director acknowledges her 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 director on 27 January 2017 and were signed by:

Miss J Begum - 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 and services, 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

-

25% on cost

Fixtures and fittings

-

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.

Going concern

These accounts are prepared on a going concern basis given the continued support of the director, bank and loan

creditor.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

19,211

Additions

920

At 31 May 2016

20,131

DEPRECIATION

At 1 June 2015

14,772

Charge for year

1,908

At 31 May 2016

16,680

NET BOOK VALUE

At 31 May 2016

3,451

At 31 May 2015

4,439

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1