Jayachoice Ltd - Abbreviated accounts 16.3
Jayachoice Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016 |
| FOR |
| JAYACHOICE LTD |
| JAYACHOICE LTD (REGISTERED NUMBER: 07716891) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| JAYACHOICE LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| JAYACHOICE LTD (REGISTERED NUMBER: 07716891) |
| ABBREVIATED BALANCE SHEET |
| 31 OCTOBER 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| JAYACHOICE LTD (REGISTERED NUMBER: 07716891) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 OCTOBER 2016 |
| The financial statements were approved by the Board of Directors on |
| JAYACHOICE LTD (REGISTERED NUMBER: 07716891) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 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 the total invoice value, excluding value added tax, of sales made during the year and derives |
| from the provision of goods falling within the company's ordinary activities. |
| Goodwill |
| Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of year. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Stock is valued at the lower of cost and net realisable value. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Going concern |
| Current liabilities exceed current assets at the balance sheet date. The director considers, however, that the |
| company has sufficient liquid assets to meet its liabilities as and when they fall due, and that the company has |
| sufficient support from its creditors. In particular the director, who is the the principal creditor of the company, |
| has given assurances that he will not seek repayment of the balances on his loan account until such time as the |
| company has sufficient liquid assets to make payment. Accordingly the director considers that it is appropriate to |
| prepare the accounts on going concern basis. |
| JAYACHOICE LTD (REGISTERED NUMBER: 07716891) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2015 |
| and 31 October 2016 |
| AMORTISATION |
| At 1 November 2015 |
| Amortisation for year |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2015 |
| Additions |
| At 31 October 2016 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for year |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |