Registered Number 05408786
JULIE NERNEY LIMITED
Abbreviated Accounts
31 March 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
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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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.
Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
RELATED PARTY DISCLOSURES
During the year, total dividends of £37,088 were paid to the director.
The director, Julie Nerney, was the controlling party throughout the current and previous period.
As at 31 March 2016 the director owed £211 (2015: £25,184) to the company. The loan was interest free with no set repayment terms.
£ | |
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Cost | |
At 1 April 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 March 2016 |
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Depreciation | |
At 1 April 2015 |
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Charge for the year |
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On disposals |
( |
At 31 March 2016 |
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Net book values | |
At 31 March 2016 | 4,892 |
At 31 March 2015 | 6,361 |
3
Fixed assets Investments
Unlisted
investments
£
COST
At 1 April 2015 8,401
Additions 7,800
Disposals (601)
At 31 March 2016 15,600
NET BOOK VALUE
At 31 March 2016 15,600
At 31 March 2015 8,401
5 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 April 2015: | £ |
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Advances or credits made: |
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Advances or credits repaid: | £ |
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Balance at 31 March 2016: | £ |