Jasper Morrison Limited - Limited company - abbreviated

REGISTERED NUMBER: 03454208 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 29 March 2014

for

Jasper Morrison Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J C Morrison

SECRETARY:

Fuller Harvey Ltd

REGISTERED OFFICE:

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

REGISTERED NUMBER:

03454208 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

FIXED ASSETS

Intangible assets

2

3,115

Tangible assets

3

1,089,377

1,116,059

1,092,492

1,119,174

CURRENT ASSETS

Stocks

56,124

24,469

Debtors

370,408

161,462

Cash at bank and in hand

1,072,131

717,867

1,498,663

903,798

CREDITORS

Amounts falling due within one year

4

1,025,346

574,802

NET CURRENT ASSETS

473,317

328,996

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,565,809

1,448,170

CREDITORS

Amounts falling due after more than one
year

4

477,772

487,980

NET ASSETS

1,088,037

960,190

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

1,087,937

960,090

SHAREHOLDERS' FUNDS

1,088,037

960,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 December 2014 and were signed by:

J C Morrison - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

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

Freehold property

-

2% on cost

Short leasehold

-

Straight line over 12 years

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Stocks

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

moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Turnover

Turnover represents net invoiced sales of goods and services, together with royalties received, net of value added

tax.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 30 March 2013

and 29 March 2014

4,407

AMORTISATION

At 30 March 2013

and 29 March 2014

1,292

NET BOOK VALUE

At 29 March 2014

3,115

At 29 March 2013

3,115

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 30 March 2013

1,406,858

Additions

6,135

At 29 March 2014

1,412,993

DEPRECIATION

At 30 March 2013

290,799

Charge for year

32,817

At 29 March 2014

323,616

NET BOOK VALUE

At 29 March 2014

1,089,377

At 29 March 2013

1,116,059

4.

CREDITORS

Creditors include an amount of £ 498,772 (29.3.13 - £ 543,957 ) for which security has been given.

They also include the following debts falling due in more than five years:

29.3.14

29.3.13

£

Repayable by instalments

388,772

245,010

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.3.14

29.3.13

value:

£

100

Ordinary

£1

100

6.	FRENCH OFFICE ACCOUNTS

As required by UK accounting standards the Accounts of the French Office of the Company, are included within

these Accounts.

Jasper Morrison Limited - Limited company - abbreviated - 11.6

Jasper Morrison Limited - Limited company - abbreviated - 11.6