JM Posner Trading Limited - Accounts to registrar (filleted) - small 18.2

JM Posner Trading Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10507563 (England and Wales)















Unaudited Financial Statements

for the Period 2 December 2016 to 31 December 2017

for

JM Posner Trading Limited

Previously known as
Timberzone Design Limited

JM Posner Trading Limited (Registered number: 10507563)
previously known as Timberzone Design Limited






Contents of the Financial Statements
for the period 2 December 2016 to 31 December 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JM Posner Trading Limited
previously known as Timberzone Design Limited

Company Information
for the period 2 December 2016 to 31 December 2017







DIRECTOR: Mr J M Posner





REGISTERED OFFICE: 2nd Floor
Hygeia House
66 College Road
Harrow
Middlesex
HA1 1BE





REGISTERED NUMBER: 10507563 (England and Wales)





ACCOUNTANTS: Lawrence Grant
Chartered Accountants
& Reporting Accountants
2nd Floor
Hygeia House
66 College Road
Harrow
Middlesex
HA1 1BE

JM Posner Trading Limited (Registered number: 10507563)
previously known as Timberzone Design Limited

Statement of Financial Position
31 December 2017

Notes £    £   
FIXED ASSETS
Tangible assets 4 19,935

CURRENT ASSETS
Stocks 23,059
Debtors 5 22,308
Cash at bank 7,463
52,830
CREDITORS
Amounts falling due within one year 6 153,732
NET CURRENT LIABILITIES (100,902 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,967

)

PROVISIONS FOR LIABILITIES 2,458
NET LIABILITIES (83,425 )

CAPITAL AND RESERVES
Called up share capital 3
Retained earnings (83,428 )
(83,425 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 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.

JM Posner Trading Limited (Registered number: 10507563)
previously known as Timberzone Design Limited

Statement of Financial Position - continued
31 December 2017


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 director on 20 August 2018 and were signed by:





Mr J M Posner - Director


JM Posner Trading Limited (Registered number: 10507563)
previously known as Timberzone Design Limited

Notes to the Financial Statements
for the period 2 December 2016 to 31 December 2017

1. STATUTORY INFORMATION

JM Posner Trading Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - Straight line over 4 years
Fixtures and fittings - straight line over 10 years
Computer equipment - Straight line over 3 years

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

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual agreement,
as either financial assets, financial liabilities or equity instruments. As equity instrument is any contract that
evidences a residual interest in the assets of the company after deducting all of its liabilities

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except
to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

JM Posner Trading Limited (Registered number: 10507563)
previously known as Timberzone Design Limited

Notes to the Financial Statements - continued
for the period 2 December 2016 to 31 December 2017

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on a going concern basis which is dependent upon the company's
director continuing to provide the necessary financial facilities to enable the company to continue in operation
for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
Additions 909 11,924 10,769 23,602
At 31 December 2017 909 11,924 10,769 23,602
DEPRECIATION
Charge for period 215 1,164 2,288 3,667
At 31 December 2017 215 1,164 2,288 3,667
NET BOOK VALUE
At 31 December 2017 694 10,760 8,481 19,935

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 9,345
Other debtors 12,963
22,308

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,688
Other creditors 152,044
153,732