Company Registration No. 2409149 (England and Wales)
JAG SHOP LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2014
JAG SHOP LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
JAG SHOP LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2014
31 October 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
26,486
Current assets
Stocks
50,000
50,000
Debtors
22,675
27,400
Cash at bank and in hand
2,000
6,500
74,675
83,900
Creditors: amounts falling due within one year
(101,066)
(83,783)
Net current (liabilities)/assets
(26,391)
117
Total assets less current liabilities
95
117
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(5)
17
Shareholders' funds
95
117
For the financial year ended 31 October 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 June 2015
N Nearchou
Director
Company Registration No. 2409149
JAG SHOP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
- 2 -
1
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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
15% - reducing balance basis
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2013
25,174
Additions
26,486
At 31 October 2014
51,660
Depreciation
At 1 November 2013 & at 31 October 2014
25,174
Net book value
At 31 October 2014
26,486
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100