Julia Denny Limited - Period Ending 2014-05-31

Registration number: 08544832

Julia Denny Limited

Unaudited Abbreviated Accounts

for the Period from 24 May 2013 to 31 May 2014

 

G W Jones & Co Limited
Chartered Certified Accountants

Julia Denny Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Julia Denny Limited
(Registration number: 08544832)
Abbreviated Balance Sheet at 31 May 2014

		Note			31 May 2014 £
Fixed assets
Tangible fixed assets					278
Current assets
Debtors					6,978
Cash at bank and in hand					540
					7,518
Creditors: Amounts falling due within one year					(7,397)
Net current assets					121
Total assets less current liabilities					399
Provisions for liabilities					(56)
Net assets					343
Capital and reserves
Called up share capital		4			100
Profit and loss account					243
Shareholders' funds					343

For the year ending 31 May 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 her 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 2 January 2015

.........................................
J E Denny
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Julia Denny Limited
Notes to the Abbreviated Accounts for the Period from 24 May 2013 to 31 May 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 in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

Page 2

Julia Denny Limited
Notes to the Abbreviated Accounts for the Period from 24 May 2013 to 31 May 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		361			361
At 31 May 2014		361			361
Depreciation
Charge for the period		83			83
At 31 May 2014		83			83
Net book value
At 31 May 2014		278			278

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

31 May 2014 £

4	Share capital

Allotted, called up and fully paid shares

	31 May 2014
		No.			£
Ordinary of £1 each		100			100

New shares allotted

During the period 100 Ordinary having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. on incorporation.

Page 3

Julia Denny Limited
Notes to the Abbreviated Accounts for the Period from 24 May 2013 to 31 May 2014
......... continued

5	Related party transactions

Director's advances and credits

	24 May 2013 to 31 May 2014 Advance/ Credit £	24 May 2013 to 31 May 2014 Repaid £
J E Denny
Overdrawn directors loan account	28,975	27,856

Page 4