J & T Associates (UK) Limited - Period Ending 2014-03-31

Registration number: 05708995

J & T Associates (UK) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Thandi & Co
Suite A
7 Harmer Street
Gravesend
Kent
DA12 2AP

J & T Associates (UK) Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
J & T Associates (UK) Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J & T Associates (UK) Limited for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that J & T Associates (UK) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J & T Associates (UK) Limited. You consider that J & T Associates (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of J & T Associates (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Thandi & Co
Suite A
7 Harmer Street
Gravesend
Kent
DA12 2AP

14 December 2014

Page 1

J & T Associates (UK) Limited
(Registration number: 05708995)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Current assets
Cash at bank and in hand					131,230			136,448
Creditors: Amounts falling due within one year					(62,515)			(59,847)
Net assets					68,715			76,601
Capital and reserves
Called up share capital		3			75			75
Profit and loss account					68,640			76,526
Shareholders' funds					68,715			76,601

For the year ending 31 March 2014 the company was entitled to exemption 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 14 December 2014

.........................................
Mr Harinder Singh Rama
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

J & T Associates (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Fixed Assets are depreciated over their expected economic life as estimated by the directors.

Asset class	Depreciation method and rate
Plant and machinery	Straight line basis at 20% per annum
Fixtures and fittings	Straight line basis at 20% per annum
Other tangible fixed assets	Straight line basis at 20% per annum.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		4,241			4,241
At 31 March 2014		4,241			4,241
Depreciation
At 1 April 2013		4,241			4,241
At 31 March 2014		4,241			4,241
Net book value
At 31 March 2014		-			-
At 31 March 2013		-			-

Page 3

J & T Associates (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		75			75			75			75

Page 4