JMTO Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07674070 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

JMTO LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Mr M Keevil

Mrs J Keevil

Registered office:

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Registered number:

07674070 (England and Wales)

Accountants:

Haines Watts Essex LLP

Chartered Accountants

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

Fixed assets

Intangible assets

4

7,389

13,465

Tangible assets

5

6,106

6,981

Investments

6

226,125

-

239,620

20,446

Current assets

Stocks

2,279

2,099

Debtors

7

27,051

38,480

Cash at bank and in hand

458

2,543

29,788

43,122

Creditors

Amounts falling due within one year

8

269,005

39,075

Net current (liabilities)/assets

(239,217

)

4,047

Total assets less current liabilities

403

24,493

Creditors

Amounts falling due after more than one year

9

-

23,594

Net assets

403

899

Capital and reserves

Called up share capital

12

100

100

Retained earnings

13

303

799

Shareholders' funds

403

899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 December 2017 and were signed on its behalf by:

Mr M Keevil - Director

1.	Statutory information

JMTO Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

This is the first year in which the financial statements have been prepared under FRS 102. Transition to FRS

102 has not resulted in any changes in accounting policies, amounts stated in the Statement of Comprehensive

Income or balances held in equity.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of six years.

Intangible assets

Capitalised intangible asset costs are written off over a period of six years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance

for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and

variable overheads.

3.	Employees and directors

The average number of employees during the year was 3 (2016 - 4 ) .

4.	Intangible fixed assets

Intangible

Goodwill

assets

Totals

£

£

£

Cost

At 1 April 2016

and 31 March 2017

28,504

7,949

36,453

Amortisation

At 1 April 2016

21,774

1,214

22,988

Amortisation for year

4,751

1,325

6,076

At 31 March 2017

26,525

2,539

29,064

Net book value

At 31 March 2017

1,979

5,410

7,389

At 31 March 2016

6,730

6,735

13,465

5.	Tangible fixed assets

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 April 2016

11,120

412

1,980

13,512

Additions

-

-

335

335

At 31 March 2017

11,120

412

2,315

13,847

Depreciation

At 1 April 2016

5,021

229

1,281

6,531

Charge for year

928

28

254

1,210

At 31 March 2017

5,949

257

1,535

7,741

Net book value

At 31 March 2017

5,171

155

780

6,106

At 31 March 2016

6,099

183

699

6,981

6.	Fixed asset investments

Shares in

group

undertakings

£

Cost

Additions

226,125

At 31 March 2017

226,125

Net book value

At 31 March 2017

226,125

The company's investments at the Statement of Financial Position date in the share capital of companies

include the following:

Vista Vista Ltd

Registered office: 65a Wingletye Lane, Hornchurch, Essex, England, RM11 3AT

Nature of business: Landscape service activities

%

Class of shares:

holding

Ordinary

100.00

30.9.16

30.9.15

£

£

Aggregate capital and reserves

2,629

169

Profit for the year

2,460

28,780

7.

Debtors: amounts falling due within one year

31.3.17

31.3.16

£

£

Trade debtors

3,849

2,593

Other debtors

23,202

35,887

27,051

38,480

8.

Creditors: amounts falling due within one year

31.3.17

31.3.16

£

£

Bank loans and overdrafts

3,612

18,424

Trade creditors

2,849

3,993

Taxation and social security

13,948

13,037

Other creditors

248,596

3,621

269,005

39,075

9.

Creditors: amounts falling due after more than one year

31.3.17

31.3.16

£

£

Bank loans

-

23,594

10.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.17

31.3.16

£

£

Within one year

8,787

12,608

Between one and five years

1,242

10,029

10,029

22,637

11.	Secured debts

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Bank loans

-

34,320

The bank loan is secured by way of fixed and floating charges on the assets of the company. Interest is

charged at 3.5% over the Bank of England Base Rate.

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

13.

Reserves

Retained

earnings

£

At 1 April 2016

799

Profit for the year

30,504

Dividends

(31,000

)

At 31 March 2017

303

14.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

£

Mr M Keevil

Balance outstanding at start of year

35,579

28,799

Amounts advanced

41,062

26,080

Amounts repaid

(316,536

)

(19,300

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(239,895

)

35,579