JWM_PROMOTIONS_LIMITED - Accounts

J W M PROMOTIONS LIMITED - Company Information

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Company Registration No. 03106440 (England and Wales)

JWM PROMOTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

JWM PROMOTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

JWM PROMOTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

151,494

Current assets

Stocks

7,269

5,400

Debtors

45,794

34,442

Cash at bank and in hand

105,631

88,869

158,694

128,711

Creditors: amounts falling due within one year

(136,516)

(13,724)

Net current assets

22,178

114,987

Total assets less current liabilities

173,672

266,481

Creditors: amounts falling due after more than one year

(98,145)

(100,521)

75,527

165,960

Capital and reserves

Called up share capital

Profit and loss account

75,517

165,951

Shareholders' funds

75,527

165,960

JWM PROMOTIONS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

- 2 -

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 November 2017

J Mcateer

Director

Company Registration No. 03106440

JWM PROMOTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Equipment

33.3% Straight Line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Stock and work in progress

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

1.7

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

JWM PROMOTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 October 2015 & at 30 September 2016

1,851

151,494

153,345

Depreciation

At 1 October 2015 & at 30 September 2016

1,851

Net book value

At 30 September 2016

151,494

At 30 September 2015

151,494

Land acquired and related professional fees are shown within investment properties. The directors are of the opinion that the amount disclosed reflects a true market value.

Share capital

2016

2015

Allotted, called up and fully paid

10 Ordinary of £1 each

During the year 1 share was allotted.

Transactions with directors

Included within other creditors is a directors loan account for J McAteer amounting to £110,173 (2015 - £443 debit).

The loan bears no right to interest and has no set repayment terms.