Jay Ventures Limited Small abbreviated accounts

JAY VENTURES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 08594320

JAY VENTURES LIMITED

ABBREVIATED ACCOUNTS

30 September 2016

CULLEY LIFFORD HALL

Chartered Certified Accountants

CATHEDRAL HOUSE

5 BEACON STREET

LICHFIELD

STAFFS

WS13 7AA

JAY VENTURES LIMITED

ACCOUNTANTS' REPORT TO THE DIRECTORS OF JAY VENTURES

LIMITED

YEAR ENDED 30 SEPTEMBER 2016

As described on the balance sheet, the directors of the company are responsible for the preparation of the abbreviated accounts for the year ended 30 September 2016, which comprise the Balance Sheet and the related notes.

You consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions we have compiled these unaudited abbreviated accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

CULLEY LIFFORD HALL Chartered Certified Accountants

CATHEDRAL HOUSE 5 BEACON STREET LICHFIELD STAFFS WS13 7AA

9 May 2017

JAY VENTURES LIMITED

ABBREVIATED BALANCE SHEET

30 September 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Tangible assets			769	697
			----	----

CURRENT ASSETS

Debtors	59,667		1,234
Cash at bank and in hand	4,899		153
	---------		-------
	64,566		1,387
CREDITORS: Amounts falling due within one year	58,336		5,495
	---------		-------
NET CURRENT ASSETS/(LIABILITIES)		6,230	( 4,108)
		-------	-------
TOTAL ASSETS LESS CURRENT LIABILITIES		6,999	( 3,411)

CREDITORS: Amounts falling due after more than one year	6,452	14,123
	-------	---------
	547	( 17,534)
	-------	---------

CAPITAL AND RESERVES

Called up equity share capital	3	100	100
Profit and loss account		447	( 17,634)
		----	---------
SHAREHOLDERS' FUNDS/(DEFICIT)		547	( 17,534)
		----	---------

For the year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 9 May 2017 , and are signed on their behalf by:

Mr P A Jevons Director

Company Registration Number: 08594320

JAY VENTURES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30 SEPTEMBER 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery-25% straight line

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 October 2015	1,060
Additions	449
	-------
At 30 September 2016	1,509
	-------

DEPRECIATION

At 1 October 2015	363
Charge for year	377
	----
At 30 September 2016	740
	----

NET BOOK VALUE

At 30 September 2016	769
	----

At 30 September 2015	697
	----

3. SHARE CAPITAL

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----