Company Registration No. 4594697 (England and Wales)
JJK Associates Limited
Unaudited accounts
for the year ended 31 March 2017
JJK Associates Limited
Unaudited accounts
Contents
JJK Associates Limited
Company Information
for the year ended 31 March 2017
Directors
Jonathan Kingan
Katherine Kingan
Secretary
Katherine Kingan
Company Number
4594697 (England and Wales)
Registered Office
3 FORGE LANE
RICHMOND
SURREY
TW10 7BF
JJK Associates Limited
Statement of financial position
as at 31 March 2017
Tangible assets
5,933
7,268
Cash at bank and in hand
10,803
16,758
Creditors: amounts falling due within one year
(51,415)
(210,744)
Net current assets
2,710
1,119
Called up share capital
2
2
Profit and loss account
8,641
8,385
Shareholders' funds
8,643
8,387
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 December 2017.
Jonathan Kingan
Director
Company Registration No. 4594697
JJK Associates Limited
Notes to the Accounts
for the year ended 31 March 2017
JJK Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 4594697. The registered office is 3 FORGE LANE, RICHMOND, SURREY, TW10 7BF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Turnover invoiced in foreign currencies is recognised at the exchange rate at the date of invoice, and associated exchange gains or losses are included within the Profit and Loss account as administrative expenses.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
33.33% reducing balance
JJK Associates Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2016
21,016
27,150
48,166
At 31 March 2017
21,016
27,630
48,646
At 1 April 2016
16,828
24,070
40,898
Charge for the year
628
1,187
1,815
At 31 March 2017
17,456
25,257
42,713
At 31 March 2017
3,560
2,373
5,933
At 31 March 2016
4,188
3,080
7,268
Trade debtors
43,322
195,105
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
(23)
(23)
Trade creditors
72
110,899
Taxes and social security
48,397
53,420
Loans from directors
2,969
46,448
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).
