Jet Engine Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06575684 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

JET ENGINE MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr B W Licquorice

Mr S M Mermod

SECRETARY:

REGISTERED OFFICE:

7-8 Raleigh Walk

Brigantine Place

Cardiff

CF10 4LN

REGISTERED NUMBER:

06575684 (England and Wales)

ACCOUNTANT:

Linghams Chartered Accountants

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

South Glamorgan

CF10 4LN

FIXED ASSETS

Tangible assets

2

428

713

CURRENT ASSETS

Debtors

77,427

37,954

Cash at bank and in hand

201,265

189,990

278,692

227,944

CREDITORS

Amounts falling due within one year

45,028

48,229

NET CURRENT ASSETS

233,664

179,715

TOTAL ASSETS LESS CURRENT LIABILITIES

234,092

180,428

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

233,992

180,328

SHAREHOLDERS' FUNDS

234,092

180,428

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 June 2017 and were signed on its behalf by:

Mr B W Licquorice - 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 services, 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.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

1,624

DEPRECIATION

At 1 November 2015

911

Charge for year

285

At 31 October 2016

1,196

NET BOOK VALUE

At 31 October 2016

428

At 31 October 2015

713

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

100

Ordinary

£1

100

100