JRL Fibre Services Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 08886131 (England and Wales)

JRL Fibre Services Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

J R Leavey

REGISTERED OFFICE:

Delta 606 Delta Office Park

Welton Road

Swindon

Wiltshire

SN5 7XF

REGISTERED NUMBER:

08886131 (England and Wales)

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

FIXED ASSETS

Tangible assets

4

1,379

445

CURRENT ASSETS

Debtors

5

1

10,458

Cash at bank

35,396

25,341

35,397

35,799

CREDITORS

Amounts falling due within one year

6

(20,821

)

(19,141

)

NET CURRENT ASSETS

14,576

16,658

TOTAL ASSETS LESS CURRENT LIABILITIES

15,955

17,103

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

15,954

17,102

SHAREHOLDERS' FUNDS

15,955

17,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 5 July 2017 and were signed by:

J R Leavey - Director

1.	STATUTORY INFORMATION

JRL Fibre Services Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 29 February 2016

539

278

817

Additions

410

994

1,404

Disposals

(539

)

(199

)

(738

)

At 28 February 2017

410

1,073

1,483

DEPRECIATION

At 29 February 2016

214

158

372

Charge for year

159

92

251

Eliminated on disposal

(321

)

(198

)

(519

)

At 28 February 2017

52

52

104

NET BOOK VALUE

At 28 February 2017

358

1,021

1,379

At 28 February 2016

325

120

445

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

10,457

Other debtors

1

1

1

10,458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

8,089

11,670

Social security and other taxes

473

199

VAT

5,071

7,161

Directors' current accounts

7,075

-

Accrued expenses

113

111

20,821

19,141

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary Share

1

1

1

8.

RESERVES

Retained

earnings

£

At 29 February 2016

17,102

Profit for the year

33,290

Dividends

(34,438

)

At 28 February 2017

15,954

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of JRL Fibre Services Ltd for the year ended 28 February 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of JRL Fibre Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JRL Fibre Services Ltd and state those matters that we have agreed to state to the director of JRL Fibre Services Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JRL Fibre Services Ltd director for our work or for this report.

It is your duty to ensure that JRL Fibre Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JRL Fibre Services Ltd. You consider that JRL Fibre Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JRL Fibre Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

5 July 2017