Registration number:
Abbreviated Accounts
for the
Year Ended
787878787
J & M Machining Services Limited
Registration number: 4578796
Abbreviated Balance Sheet at 30 November 2016
Note |
2016 |
2015 |
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£ |
£ |
£ |
£ |
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
Mr M Hotham
Director
The notes on pages 2 to 4 form an integral part of these financial statements.
787878787
J & M Machining Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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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 |
Motor Vehicles |
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Plant and Equipment |
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Land and buildings |
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Stock
Deferred tax
Financial instruments
The notes on pages 2 to 4 form an integral part of these financial statements.
787878787
J & M Machining Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
Pensions
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 December 2015 |
30,000 |
185,544 |
215,544 |
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Additions |
- |
14,240 |
14,240 |
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At 30 November 2016 |
30,000 |
199,784 |
229,784 |
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Amortisation |
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At 1 December 2015 |
19,500 |
72,752 |
92,252 |
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Charge for the year |
1,500 |
13,408 |
14,908 |
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At 30 November 2016 |
21,000 |
86,160 |
107,160 |
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Net book value |
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At 30 November 2016 |
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At 30 November 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
6,950 |
6,737 |
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Amounts falling due after more than one year |
21,429 |
28,564 |
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Total secured creditors |
28,379 |
35,301 |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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The notes on pages 2 to 4 form an integral part of these financial statements.
787878787
J & M Machining Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
Related party transactions |
Director's advances and credits |
2016 |
2016 |
2015 |
2015 |
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Mr M Hotham |
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19,196 |
16,225 |
The notes on pages 2 to 4 form an integral part of these financial statements.