Jainco (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05153185 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

JAINCO (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

V Jain

S K Jain

SECRETARY:

V Jain

REGISTERED OFFICE:

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

REGISTERED NUMBER:

05153185 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

2

105,947

107,997

CURRENT ASSETS

Stocks

226,339

192,995

Debtors

1,749,119

1,536,575

Cash at bank and in hand

1,755,864

365,827

3,731,322

2,095,397

CREDITORS

Amounts falling due within one year

1,555,755

784,171

NET CURRENT ASSETS

2,175,567

1,311,226

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,281,514

1,419,223

CREDITORS

Amounts falling due after more than one
year

(68,746

)

(90,000

)

PROVISIONS FOR LIABILITIES

(19,111

)

(19,340

)

NET ASSETS

2,193,657

1,309,883

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

2,193,557

1,309,783

SHAREHOLDERS' FUNDS

2,193,657

1,309,883

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 24 August 2017 and were signed on its behalf by:

V Jain - 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 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.

Plant and machinery etc

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 December 2015

168,734

Additions

18,670

At 30 November 2016

187,404

DEPRECIATION

At 1 December 2015

60,737

Charge for year

20,720

At 30 November 2016

81,457

NET BOOK VALUE

At 30 November 2016

105,947

At 30 November 2015

107,997

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

4

Ordinary shares

£1

100