true
Jack Armstrong & Co. Limited
02777353
2016-01-31
-46250
-46733
-41250
-41733
5000
5000
-41250
-41733
-41250
-41733
-41550
-41990
41627
42718
77
728
68
576
0
148
9
4
300
257
300
257
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
Equipment
reducing balance/ 3 years straight line
0.1500
1409
1287
122
1109
1030
79
1409
1287
122
1109
1030
79
Ordinary
1000000
1
1000000
1000000
Ordinary
1
5000
5000
5000
During the year the director made payments on behalf of the company totalling £168 (2015 - £3,599) and the director withdrew £2,205 (2015 - £200). Transactions with the director are interest free, unsecured and repayable on demand.
Going Concern
Going Concern
As at 31 January 2016 the company had a balance sheet deficit of £41,250 (2015 - £41,733) and is therefore dependent upon the continued support of its director. Although losses have been sustained in the current and previous years, the company has traded profitably in the current year and in the past. The director is actively investigating new avenues of income to continue the company's return to a profitable position. The director therefore considers the company to be a going concern and the accounts have been prepared on that basis.
2016-09-19
S Armstrong
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Jack Armstrong & Co. Limited
2015-02-01
2016-01-31
Jack Armstrong & Co. Limited
2014-02-01
2015-01-31
Jack Armstrong & Co. Limited
2014-01-31
Jack Armstrong & Co. Limited
2015-01-31
Jack Armstrong & Co. Limited
2015-01-31
Jack Armstrong & Co. Limited
2016-01-31
2016-09-23