J_TECH_AUTOS_LIMITED - Accounts

J TECH AUTOS LIMITED - Company Information

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Company Registration No. 06480161 (England and Wales)

J TECH AUTOS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

J TECH AUTOS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

J TECH AUTOS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

41,025

54,516

Current assets

Stocks

3,502

3,775

Debtors

317

Cash at bank and in hand

4,549

9,826

8,368

13,918

Creditors: amounts falling due within one year

(16,348)

(10,430)

Net current (liabilities)/assets

(7,980)

3,488

Total assets less current liabilities

33,045

58,004

Creditors: amounts falling due after more than one year

(32,446)

(55,121)

Provisions for liabilities

(790)

(2,307)

(191)

576

Capital and reserves

Called up share capital

Profit and loss account

(192)

575

Shareholders' funds

(191)

576

J TECH AUTOS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 December 2014

Mr J B Storey

Director

Company Registration No. 06480161

J TECH AUTOS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

15% reducing balance/33% straight line

Motor vehicles

25% reducing balance

1.5

Going concern

The financial statements have been prepared on the going concern basis with the continued support of it's directors'.

Fixed assets

Tangible assets

Cost

At 1 April 2013 & at 31 March 2014

111,142

Depreciation

At 1 April 2013

56,626

Charge for the year

13,491

At 31 March 2014

70,117

Net book value

At 31 March 2014

41,025

At 31 March 2013

54,516

J TECH AUTOS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary share of £1 each