Registered Number 03919441

JACOB GRAFF LIMITED

Abbreviated Accounts

31 December 2013

JACOB GRAFF LIMITED Registered Number 03919441

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 81 122
81 122
Current assets
Stocks 2,780 5,250
Debtors - 40
Cash at bank and in hand 2,899 2,213
5,679 7,503
Creditors: amounts falling due within one year (138,440) (135,801)
Net current assets (liabilities) (132,761) (128,298)
Total assets less current liabilities (132,680) (128,176)
Total net assets (liabilities) (132,680) (128,176)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (133,680) (129,176)
Shareholders' funds (132,680) (128,176)
  • For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 September 2014

And signed on their behalf by:
Gary Hyams, Director

JACOB GRAFF LIMITED Registered Number 03919441

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Reducing balance

2Tangible fixed assets
£
Cost
At 1 January 2013 1,568
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2013 1,568
Depreciation
At 1 January 2013 1,446
Charge for the year 41
On disposals -
At 31 December 2013 1,487
Net book values
At 31 December 2013 81
At 31 December 2012 122