JB Cole Limited - Period Ending 2014-01-31

JB Cole Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2014
 

Registration number: 06472973

JB Cole Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

JB Cole Limited (Registration number: 06472973)
Abbreviated Balance Sheet
at 31 January 2014

		Note			2014						2013
	£			£			£			£
Fixed assets
Tangible fixed assets								859						1,145
Current assets
Debtors					46,522						13,152
Creditors: Amounts falling due within one year					(35,891)						(11,981)
Net current assets								10,631						1,171
Net assets								11,490						2,316
Capital and reserves
Called up share capital		3			1,000						1,000
Share premium account					8,400						8,400
Profit and loss account					2,090						(7,084)
Shareholders' funds								11,490						2,316

For the year ending 31 January 2014 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 director acknowledges his 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 director on 7 July 2014

.........................................
Mr Oliver Bolland
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

JB Cole Limited
Notes to the Abbreviated Accounts
for the Year Ended 31 January 2014......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2013		3,115			3,115
At 31 January 2014		3,115			3,115
Depreciation
At 1 February 2013		1,970			1,970
Charge for the year		286			286
At 31 January 2014		2,256			2,256
Net book value
At 31 January 2014		859			859
At 31 January 2013		1,145			1,145

Page 2

JB Cole Limited
Notes to the Abbreviated Accounts
for the Year Ended 31 January 2014......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		1,000			1,000			1,000			1,000

4	Related party transactions

Director's advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
Mr Oliver Bolland
Amount due to/(from) the directors	(18,934)	(16,392)	(2,542)	(4,676)
Mr Joshua Bolland
Amount due to/(from) the participator	(18,934)	(16,391)	(2,543)	(4,676)

Page 3