REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31ST JULY 2016 |
FOR |
JACKMARK ENGINEERING LIMITED |
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31ST JULY 2016 |
FOR |
JACKMARK ENGINEERING LIMITED |
JACKMARK ENGINEERING LIMITED (REGISTERED NUMBER: 01870994) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST JULY 2016 |
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 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
JACKMARK ENGINEERING LIMITED (REGISTERED NUMBER: 01870994) |
ABBREVIATED BALANCE SHEET |
31ST JULY 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
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 | 4 |
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 behalf by: |
JACKMARK ENGINEERING LIMITED (REGISTERED NUMBER: 01870994) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST JULY 2016 |
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 January 2015). |
Accounting convention |
The financial statements have been prepared under the historical cost convention and are in accordance with |
applicable accounting standards. |
Turnover |
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are |
physically delivered to the customer. |
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. |
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
Accounting treatment of government grants |
Government grants shall be recognised as income over the periods necessary to match them with related costs |
which they are intended to compensate, on a systematic basis. |
JACKMARK ENGINEERING LIMITED (REGISTERED NUMBER: 01870994) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31ST JULY 2016 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st August 2015 |
Additions |
At 31st July 2016 |
DEPRECIATION |
At 1st August 2015 |
Charge for year |
At 31st July 2016 |
NET BOOK VALUE |
At 31st July 2016 |
At 31st July 2015 |
3. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
2016 | 2015 |
£ | £ |
Personalised number plate | 799 | 799 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |
5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31st July 2016 and |
31st July 2015: |
2016 | 2015 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid |
Balance outstanding at end of year |
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. |
JACKMARK ENGINEERING LIMITED (REGISTERED NUMBER: 01870994) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31ST JULY 2016 |
6. | RELATED PARTY DISCLOSURES |
During the year the company made sales 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 D G Sutton 50 ordinary B shares. The total value of sales during the year was £2,043,895 |
with an outstanding balance of £387,867 at the year end. |
Transactions between Jackmark Engineering Limited and Jackmark International Limited are conducted on |
commercial terms at arms length prices. |