Jango Communications Limited - Filleted accounts

Jango Communications Limited - Filleted accounts


Registered number
04148777
Jango Communications Limited
Report and Unaudited Accounts
31 March 2017
Jango Communications Limited
Registered number: 04148777
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Fixed assets
Intangible assets 2 555 683
Tangible assets 3 43,093 31,024
43,648 31,707
Current assets
Debtors 4 96,511 330,372
Cash at bank and in hand 433,367 418,198
529,878 748,570
Creditors: amounts falling due within one year 5 (458,772) (712,775)
Net current assets 71,106 35,795
Total assets less current liabilities 114,754 67,502
Provisions for liabilities (321) -
Net assets 114,433 67,502
Capital and reserves
Called up share capital 100 100
Profit and loss account 114,333 67,402
Shareholders' funds 114,433 67,502
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M Malpas-Spencer
Director
Approved by the board on 9 June 2017
Jango Communications Limited
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Trademarks Over 10 years, straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Intangible fixed assets £
Trademark:
Cost
At 1 April 2016 1,280
At 31 March 2017 1,280
Amortisation
At 1 April 2016 597
Provided during the year 128
At 31 March 2017 725
Net book value
At 31 March 2017 555
At 31 March 2016 683
The trademark is being written off in equal annual instalments over its estimated economic life of 10 years.
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2016 77,914 27,077 104,991
Additions 8,485 17,999 26,484
Disposals (7,176) - (7,176)
At 31 March 2017 79,223 45,076 124,299
Depreciation
At 1 April 2016 63,391 10,576 73,967
Charge for the year 5,790 8,625 14,415
On disposals (7,176) - (7,176)
At 31 March 2017 62,005 19,201 81,206
Net book value
At 31 March 2017 17,218 25,875 43,093
At 31 March 2016 14,523 16,501 31,024
4 Debtors 2017 2016
£ £
Trade debtors 77,345 313,978
Deferred tax asset - 99
Other debtors 19,166 16,295
96,511 330,372
5 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors 39,606 21,742
Corporation tax 34,853 36,686
Other taxes and social security costs 66,022 80,282
Other creditors 318,291 574,065
458,772 712,775
6 Other information
Jango Communications Limited is a private company limited by shares and incorporated in England. Its registered office is:
East House
109 South Worple Way
Mortlake
London
SW14 8TN
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