REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
|
for |
|
JM & M SCANLON LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
|
for |
|
JM & M SCANLON LIMITED |
JM & M SCANLON LIMITED (REGISTERED NUMBER: 04719955) |
|
Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 3 |
JM & M SCANLON LIMITED |
|
Company Information |
for the Year Ended 31 March 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
ACCOUNTANTS: |
|
|
|
|
|
|
|
|
BANKERS: |
|
|
|
|
|
|
|
JM & M SCANLON LIMITED (REGISTERED NUMBER: 04719955) |
|
Abbreviated Balance Sheet |
31 March 2016 |
|
31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 3 |
|
|
Profit and loss account |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
|
|
|
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
JM & M SCANLON LIMITED (REGISTERED NUMBER: 04719955) |
|
Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
|
|
1. | ACCOUNTING POLICIES |
|
Accounting convention |
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 |
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration |
in exchange for its performance of its obligations under the sales contract with the customer. The amount |
reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual |
arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties. |
|
Tangible fixed assets |
|
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
|
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
|
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
|
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual contact that |
evidences a residual interest in the assets of the company after deducting all of its liabilities. |
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
|
Additions |
|
Disposals | ( |
) |
At 31 March 2016 |
|
DEPRECIATION |
At 1 April 2015 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 31 March 2016 |
|
NET BOOK VALUE |
At 31 March 2016 |
|
At 31 March 2015 |
|
JM & M SCANLON LIMITED (REGISTERED NUMBER: 04719955) |
|
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
|
|
3. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
|
Ordinary | £1 |
|
|