Abbreviated Company Accounts - JL & ASSOCIATES LIMITED

JL & ASSOCIATES LIMITED - Company Information

05843580 JL & ASSOCIATES LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 05843580 2015-07-01 2016-06-30 05843580 2016-06-30 05843580 2015-06-30 05843580 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 05843580 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 05843580

JL & ASSOCIATES LIMITED

Abbreviated Accounts

30 June 2016

JL & ASSOCIATES LIMITED Registered Number 05843580

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets		-	-
Tangible assets	2	17,374	18,900
		17,374	18,900
Current assets
Stocks		3,000	4,000
Debtors		648	777
Investments		-	-
Cash at bank and in hand		481	470
		4,129	5,247
Creditors: amounts falling due within one year		(89,753)	(83,455)
Net current assets (liabilities)		(85,624)	(78,208)
Total assets less current liabilities		(68,250)	(59,308)
Total net assets (liabilities)		(68,250)	(59,308)
Capital and reserves
Called up share capital	3	100	100
Share premium account		0	0
Profit and loss account		(68,350)	(59,408)
Shareholders' funds		(68,250)	(59,308)

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 14 June 2017

And signed on their behalf by:
J P Lumley, Director

JL & ASSOCIATES LIMITED Registered Number 05843580

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% straight line

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 July 2015	24,461
Additions	4,875
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	29,336
Depreciation
At 1 July 2015	5,561
Charge for the year	6,401
On disposals	-
At 30 June 2016	11,962
Net book values
At 30 June 2016	17,374
At 30 June 2015	18,900

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100