Jane's Jubilee Garage Limited - Period Ending 2016-10-31

 
 
 
 
 
 
 
  Jane's Jubilee Garage Limited
 
  Unaudited Abbreviated Accounts
  Period from 1 June 2015 to 31 October 2016

 
  Company Registration Number: 08085447

Jane's Jubilee Garage Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Jane's Jubilee Garage Limited
Abbreviated Balance Sheet
31 October 2016

		Note			31 October 2016 £			31 May 2015 £
Fixed assets
Tangible fixed assets		2			40,395			4,429
Current assets
Stocks					-			1,232
Debtors					15,285			15,567
Cash at bank and in hand					10,160			8,621
					25,445			25,420
Creditors: Amounts falling due within one year					(68,165)			(22,474)
Net current (liabilities)/assets					(42,720)			2,946
Net (liabilities)/assets					(2,325)			7,375
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(2,425)			7,275
Shareholders' (deficit)/funds					(2,325)			7,375

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Jane's Jubilee Garage Limited
Abbreviated Balance Sheet
31 October 2016 ......... continued

For the year ending 31 October 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 22 February 2017 and signed on its behalf by:

Mr J Hicks
Director

Company Registration Number: 08085447

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Jane's Jubilee Garage Limited
Notes to the Abbreviated Accounts
Period from 1 June 2015 to 31 October 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.

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
Plant and machinery	20% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		6,867			6,867
Additions		46,674			46,674
At 31 October 2016		53,541			53,541
Depreciation
At 1 June 2015		2,438			2,438
Charge for the period		10,708			10,708
At 31 October 2016		13,146			13,146
Net book value
At 31 October 2016		40,395			40,395
At 31 May 2015		4,429			4,429

Page 3

Jane's Jubilee Garage Limited
Notes to the Abbreviated Accounts
Period from 1 June 2015 to 31 October 2016 ......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 October 2016						31 May 2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4