J'amies Gymnastics Academy Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09029054 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

J'amies Gymnastics Academy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Mcgranaghan

Mrs A Mcgranaghan

REGISTERED OFFICE:

Po Box 444

Beckenham

England

BR3 9DT

REGISTERED NUMBER:

09029054 (England and Wales)

ACCOUNTANTS:

Bells Accountants

10a High Street

Chislehurst

Kent

BR7 5AN

FIXED ASSETS

Tangible assets

4

87,198

109,229

CURRENT ASSETS

Stocks

3,650

3,650

Debtors

5

-

34,220

Cash at bank

64,676

42,649

68,326

80,519

CREDITORS

Amounts falling due within one year

6

155,063

187,955

NET CURRENT LIABILITIES

(86,737

)

(107,436

)

TOTAL ASSETS LESS CURRENT LIABILITIES

461

1,793

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

459

1,791

SHAREHOLDERS' FUNDS

461

1,793

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 27 February 2018 and were signed on its behalf by:

Mrs A Mcgranaghan - Director

1.	STATUTORY INFORMATION

J'amies Gymnastics Academy 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

137,862

Additions

6,927

At 31 May 2017

144,789

DEPRECIATION

At 1 June 2016

28,633

Charge for year

28,958

At 31 May 2017

57,591

NET BOOK VALUE

At 31 May 2017

87,198

At 31 May 2016

109,229

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

-

34,220

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Bank loans and overdrafts

3,189

4,467

Trade creditors

18,776

9,241

Taxation and social security

36,715

9,553

Other creditors

96,383

164,694

155,063

187,955

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs A Mcgranaghan.