Company Registration No. 5619649 (England and Wales)
JFJG LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
JFJG LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
JFJG LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1,459
11,447
Tangible assets
2
43,990
53,081
45,449
64,528
Current assets
Stocks
5,975
3,125
Debtors
23,955
25,935
Cash at bank and in hand
11,994
8,207
41,924
37,267
Creditors: amounts falling due within one year
(49,528)
(58,656)
Net current liabilities
(7,604)
(21,389)
Total assets less current liabilities
37,845
43,139
Creditors: amounts falling due after more than one year
(1,122)
(6,797)
Provisions for liabilities
(8,431)
(10,168)
28,292
26,174
Capital and reserves
Called up share capital
3
10,000
10,000
Profit and loss account
18,292
16,174
Shareholders' funds
28,292
26,174
JFJG LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have 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 September 2016
Mr J Goodchild
Director
Company Registration No. 5619649
JFJG LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
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 January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.
1.5
Patents
Franchise fees are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.6
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:
Computer equipment
20% reducing balance
Office furniture & fittings
10% reducing balance
Motor vehicles
25% reducing balance
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
JFJG LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015
99,875
122,946
222,821
Additions
-
1,310
1,310
At 31 December 2015
99,875
124,256
224,131
Depreciation
At 1 January 2015
88,428
69,865
158,293
Charge for the year
9,988
10,401
20,389
At 31 December 2015
98,416
80,266
178,682
Net book value
At 31 December 2015
1,459
43,990
45,449
At 31 December 2014
11,447
53,081
64,528
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
10,000 Ordinary shares of £1 each
10,000
10,000
4
Ultimate parent company
The company is under the control of Mr J Goodchild who, along with his immediate family, owns the entire issued share capital.