Accounts Submission

Accounts Submission

JEMICO CYFYNGEDIG - Company Information

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JEICO CYFYNGEDIG

Company Registration Number:
09162050 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 August 2015

End date: 31 July 2016

JEICO CYFYNGEDIG

Abbreviated Balance sheet

As at 31 July 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 2 182,974 160,800
Total fixed assets: 182,974 160,800
Current assets
Cash at bank and in hand: 19,237 7,695
Total current assets: 19,237 7,695
Net current assets (liabilities): 19,237 7,695
Total assets less current liabilities: 202,211 168,495
Creditors: amounts falling due after more than one year: ( 120,000 ) ( 135,000 )
Provision for liabilities: ( 4,393 ) ( 6,399 )
Total net assets (liabilities): 77,818 27,096

The notes form part of these financial statements

JEICO CYFYNGEDIG

Balance sheet continued

As at 31 July 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 100 100
Profit and loss account: 77,718 26,996
Shareholders funds: 77,818 27,096

For the year ending 31 July 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 01 April 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Ifan Gwynfil Evans
Status: Director

The notes form part of these financial statements

JEICO CYFYNGEDIG

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities 2015

    Turnover policy

    Turnover represents amounts receivable for goods and services net of VAT and trade discounts

    Tangible fixed assets depreciation policy

    Depreciation is calculated at the following rates to write off the cost of an asset, less its residual value, over its estimated useful economic lifetime - annual deprecation of computer equipment is 25% of cost

    Intangible fixed assets amortisation policy

    Amortisation is calculated at the following rates to write off the cost of an asset, less its residual value, over its estimated useful economic lifetime – annual amortisation of goodwill is 25%

    Valuation information and policy

    Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and overheads

JEICO CYFYNGEDIG

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 2. Intangible assets

    Total
    Cost £
    01 August 2015: 160,800
    Additions: 22,174
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 July 2016: 182,974
    Amortisation
    01 August 2015: 0
    Provided during the period: 0
    On disposals: 0
    Other Adjustments: 0
    31 July 2016: 0
    Net book value
    31 July 2016: 182,974
    31 July 2015: 160,800

JEICO CYFYNGEDIG

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100

JEICO CYFYNGEDIG

Notes to the Abbreviated Accounts

for the Period Ended 31 July 2016

  • 4. Related party disclosures

    Name of the ultimate controlling party during the period: Ifan Evans
    Name of related party: Ifan Evans
    Relationship: Director & Shareholder
    Description of the transaction Interest Free Loan to Company
    Balance at 01 August 2015 135,000
    Balance at 31 July 2016 120,000