JK Machinery Ltd - Abbreviated accounts 16.3

JK Machinery Ltd - Abbreviated accounts 16.3

JK MACHINERY LIMITED - Company Information

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02423520 1.10.15 30.9.16 30.9.16 Company accounts Private Limited Company FY true false true false false true false ORDINARY A 1.00000 ORDINARY B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure024235202015-09-30024235202016-09-30024235202015-10-012016-09-30024235202014-09-30024235202014-10-012015-09-30024235202015-09-3002423520ns12:England2015-10-012016-09-3002423520ns14:PoundSterling2015-10-012016-09-3002423520ns7:Director12015-10-012016-09-3002423520ns7:OrdinaryShareClass12015-10-012016-09-3002423520ns7:OrdinaryShareClass22015-10-012016-09-3002423520ns7:CompanySecretary2015-10-012016-09-3002423520ns7:RegisteredOffice2015-10-012016-09-3002423520ns7:EntityAccountantsOrAuditors2015-10-012016-09-3002423520ns5:ImprovementsOrDevelopmentAssets2015-10-012016-09-3002423520ns5:PlantMachinery2015-10-012016-09-3002423520ns5:MotorVehicles2015-10-012016-09-3002423520ns5:ComputerEquipment2015-10-012016-09-3002423520ns7:OrdinaryShareClass12016-09-3002423520ns7:OrdinaryShareClass12015-09-3002423520ns7:OrdinaryShareClass22016-09-3002423520ns7:OrdinaryShareClass22015-09-30
REGISTERED NUMBER: 02423520 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

JK MACHINERY LTD

JK MACHINERY LTD (REGISTERED NUMBER: 02423520)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

JK MACHINERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTOR: J L Round





SECRETARY: Mrs L A Round





REGISTERED OFFICE: Bradbury House
Bilham Road
Clayton West
Huddersfield
HD8 9PA





REGISTERED NUMBER: 02423520 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
Accountants
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL
Page 1
JK MACHINERY LTD (REGISTERED NUMBER: 02423520)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 10,861 11,377

CURRENT ASSETS
Stocks 101,421 74,616
Debtors 40,157 71,807
Cash at bank 589 11,711
142,167 158,134
CREDITORS
Amounts falling due within one year 60,182 77,505
NET CURRENT ASSETS 81,985 80,629
TOTAL ASSETS LESS CURRENT
LIABILITIES
92,846
92,006

PROVISIONS FOR LIABILITIES 2,172 2,276
NET ASSETS 90,674 89,730

CAPITAL AND RESERVES
Called up share capital 3 50 50
Capital redemption reserve 3 3
Profit and loss account 90,621 89,677
SHAREHOLDERS' FUNDS 90,674 89,730

The notes form part of these abbreviated accounts

Page 2 continued...
JK MACHINERY LTD (REGISTERED NUMBER: 02423520)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2016


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 20 June 2017 and were signed by:





J L Round - Director


The notes form part of these abbreviated accounts

Page 3
JK MACHINERY LTD (REGISTERED NUMBER: 02423520)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016

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 - 20% on reducing balance
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 20,277
Additions 1,399
At 30 September 2016 21,676
DEPRECIATION
At 1 October 2015 8,900
Charge for year 1,915
At 30 September 2016 10,815
NET BOOK VALUE
At 30 September 2016 10,861
At 30 September 2015 11,377

Page 4 continued...
JK MACHINERY LTD (REGISTERED NUMBER: 02423520)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
49 ORDINARY A £1 49 49
1 ORDINARY B £1 1 1
50 50

Page 5