JMK Entertainments Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05913469 (England and Wales)

JMK ENTERTAINMENTS LIMITED

Abbreviated Accounts

for the Year Ended 31 August 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

DIRECTORS:

J Kinch

Mrs T Kinch

REGISTERED OFFICE:

Unit 4a

The Rushes Shopping Centre

Loughborough

Leicestershire

LE11 5BG

REGISTERED NUMBER:

05913469 (England and Wales)

ACCOUNTANTS:

Accapita LLP

Chartered Certified Accountants

Christopher House

94b London Road

Leicester

LE2 0QS

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

-

2,320

-

2,320

CURRENT ASSETS

Stocks

-

3,380

Debtors

32,502

21,795

Cash in hand

-

6,592

32,502

31,767

CREDITORS

Amounts falling due within one year

10,044

55,289

NET CURRENT ASSETS/(LIABILITIES)

22,458

(23,522

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,458

(21,202

)

CREDITORS

Amounts falling due after more than one
year

-

4,128

NET ASSETS/(LIABILITIES)

22,458

(25,330

)

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

22,457

(25,331

)

SHAREHOLDERS' FUNDS

22,458

(25,330

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 31 May 2017 and were signed on its
behalf by:

Mrs T Kinch - 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, 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.

Improvements to property

-

15% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Going concern

The accounts have been prepared on a going concern basis on the assumption that the bank will

continue to support the company.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

16,434

Disposals

(16,434

)

At 31 August 2016

-

AMORTISATION

At 1 September 2015

16,434

Eliminated on disposal

(16,434

)

At 31 August 2016

-

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

235,422

Disposals

(235,422

)

At 31 August 2016

-

DEPRECIATION

At 1 September 2015

233,102

Eliminated on disposal

(233,102

)

At 31 August 2016

-

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

2,320

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2016 and

31 August 2015:

2016

2015

£

Mrs T Kinch and J Kinch

Balance outstanding at start of year

13,899

4,429

Amounts advanced

31,238

9,470

Amounts repaid

(14,000

)

-

Balance outstanding at end of year

31,137

13,899

Interest is charged at the official rate.