Registered Number 04718512
J PRICE LIMITED
Micro-entity Accounts
30 September 2017
Notes | 2017 | 2016 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets |
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Tangible assets | 1 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Net current assets (liabilities) |
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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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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
£ | |
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Cost | |
At 1 October 2016 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 September 2017 |
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Depreciation | |
At 1 October 2016 |
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Charge for the year |
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On disposals |
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At 30 September 2017 |
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Net book values | |
At 30 September 2017 | 187 |
At 30 September 2016 | 85 |
2 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery etc - 25% on reducing balance
Intangible assets amortisation policy
Other accounting policies
Taxation for the year 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 balance sheet date.
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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 is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease.