Abbreviated Company Accounts - JEX CONSTRUCTION LIMITED

Abbreviated Company Accounts - JEX CONSTRUCTION LIMITED

JEX CONSTRUCTION LIMITED - Company Information

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Registered Number 01226477

JEX CONSTRUCTION LIMITED

Abbreviated Accounts

30 June 2016

JEX CONSTRUCTION LIMITED Registered Number 01226477

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 62,167 67,420
62,167 67,420
Current assets
Stocks 148,542 314,747
Debtors 83,741 48,460
Cash at bank and in hand 179,590 74,038
411,873 437,245
Creditors: amounts falling due within one year (293,168) (328,654)
Net current assets (liabilities) 118,705 108,591
Total assets less current liabilities 180,872 176,011
Total net assets (liabilities) 180,872 176,011
Capital and reserves
Called up share capital 65,000 65,000
Profit and loss account 115,872 111,011
Shareholders' funds 180,872 176,011
  • For the year ending 30 June 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 17 March 2017

And signed on their behalf by:
Lee Jex, Director

JEX CONSTRUCTION LIMITED Registered Number 01226477

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company,
net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over
their estimated useful lives.

Plant and machinery - 25% reducing balance
Fixtures and fittings - 15% reducing balance

Valuation information and policy
Stocks. Stock and work in progress are valued at the lower of cost and net realisable value,
after due regard for obsolete and slow moving stocks.

Other accounting policies
Cash flow statement. The accounts do not include a cash flow statement because the
company as a small reporting entity, is exempt from the requirement under FRSSE
(effective January 2015)

2Tangible fixed assets
£
Cost
At 1 July 2015 146,040
Additions 2,500
Disposals -
Revaluations -
Transfers -
At 30 June 2016 148,540
Depreciation
At 1 July 2015 78,620
Charge for the year 7,753
On disposals -
At 30 June 2016 86,373
Net book values
At 30 June 2016 62,167
At 30 June 2015 67,420