Jeffrey Nicholas Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03236351 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

Jeffrey Nicholas Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J A Dean

SECRETARY:

K Dean

REGISTERED OFFICE:

71 Cross Street

Islington

London

N1 2BD

REGISTERED NUMBER:

03236351 (England and Wales)

ACCOUNTANTS:

CK Partnership Ltd

3 Tolpuddle Street

Islington

London

N1 0XT

FIXED ASSETS

Intangible assets

2

3,281

-

Tangible assets

3

309,478

309,958

312,759

309,958

CURRENT ASSETS

Debtors

5,059

9,784

Cash at bank

169,540

110,996

174,599

120,780

CREDITORS

Amounts falling due within one year

73,937

60,526

NET CURRENT ASSETS

100,662

60,254

TOTAL ASSETS LESS CURRENT LIABILITIES

413,421

370,212

CREDITORS

Amounts falling due after more than one year

4

183,924

191,919

NET ASSETS

229,497

178,293

CAPITAL AND RESERVES

Called up share capital

5

2

2

Capital redemption reserve

(42,500

)

(42,500

)

Profit and loss account

271,995

220,791

SHAREHOLDERS' FUNDS

229,497

178,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 11 March 2015 and were signed by:

J A Dean - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the entity after deducting all of its financial liabilities.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

4,375

At 31 July 2014

4,375

AMORTISATION

Amortisation for year

1,094

At 31 July 2014

1,094

NET BOOK VALUE

At 31 July 2014

3,281

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

332,992

DEPRECIATION

At 1 August 2013

23,034

Charge for year

480

At 31 July 2014

23,514

NET BOOK VALUE

At 31 July 2014

309,478

At 31 July 2013

309,958

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.7.14

31.7.13

£

£

Repayable otherwise than by instalments

183,924

191,919

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

1

Ordinary Class A

1

1

1

1

Ordinary Class B - Non Voting

1

1

1

2

2

6.	RELATED PARTY DISCLOSURES

The company was under the control of its director throughout the current and previous year by virtue of his

100% shareholding.

Movements in the director's loan account with the company in the year were as follows:

31.7.14

31.7.13

£

£

Opening balance

(969

(469

)

Net salary

(6,240

(5,720

)

Drawings

31,050

30,220

Dividends

(25,000

(25,000

)

Closing balance

(1,159

(969

)

No transactions with related parties were undertaken, such as are required to be disclosed under the Financial

Reporting Standard for Smaller Entities (effective April 2008), except for those disclosed within the note above.