REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31ST JULY 2013 |
FOR |
JACKMARK ENGINEERING LIMITED |
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31ST JULY 2013 |
FOR |
JACKMARK ENGINEERING LIMITED |
JACKMARK ENGINEERING LIMITED (REGISTERED NUMBER: 01870994) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST JULY 2013 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
JACKMARK ENGINEERING LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST JULY 2013 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
JACKMARK ENGINEERING LIMITED (REGISTERED NUMBER: 01870994) |
ABBREVIATED BALANCE SHEET |
31ST JULY 2013 |
2013 | 2012 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
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 |
JACKMARK ENGINEERING LIMITED (REGISTERED NUMBER: 01870994) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST JULY 2013 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared in accordance with the special provisions of part 15 of the |
Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (Effective April 2008). |
Accounting convention |
The financial statements have been prepared under the historical cost convention and are in accordance with |
applicable accounting standards. |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
Deferred tax |
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. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st August 2012 |
Disposals | ( |
) |
At 31st July 2013 |
DEPRECIATION |
At 1st August 2012 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31st July 2013 |
NET BOOK VALUE |
At 31st July 2013 |
At 31st July 2012 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2013 | 2012 |
value: | £ | £ |
Ordinary | £1 |
JACKMARK ENGINEERING LIMITED (REGISTERED NUMBER: 01870994) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31ST JULY 2013 |
4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31st July 2013 and |
31st July 2012: |
2013 | 2012 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Balance outstanding at end of year |
Overdrawn Directors Loan Account was repaid after the year end but within 9 months, therefore no S455 tax |
due. |
5. | RELATED PARTY DISCLOSURES |
During the year the company made sales and invoiced management charges to Jackmark International Limited, |
a company in which K Tudor-Jackson and D G Sutton are both directors and have the following shareholding, K |
Tudor-Jackson 50 ordinary A shares and 50 ordinary B shares. The total value of sales during the year was |
£1,263,670 and the management charge was £100,000 with an outstanding balance of £508,922 at the year |
end. |
Transactions between Jackmark Engineering Limited and Jackmark International Limited are conducted on |
commercial terms at arms length prices. |