Abbreviated Company Accounts - JACK ARTS LIMITED

06781753 JACK ARTS LIMITED 2015-01-31 false 2014-02-01 2015-01-31 true 06781753 2014-02-01 2015-01-31 06781753 2015-01-31 06781753 2014-01-31 06781753 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 06781753 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 06781753

JACK ARTS LIMITED

Abbreviated Accounts

31 January 2015

JACK ARTS LIMITED Registered Number 06781753

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,827	4,866
		2,827	4,866
Current assets
Debtors		5,045	21,420
Cash at bank and in hand		132,486	22,852
		137,531	44,272
Creditors: amounts falling due within one year		(99,249)	(26,721)
Net current assets (liabilities)		38,282	17,551
Total assets less current liabilities		41,109	22,417
Accruals and deferred income		(4,250)	-
Total net assets (liabilities)		36,859	22,417
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		36,759	22,317
Shareholders' funds		36,859	22,417

For the year ending 31 January 2015 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 30 October 2015

And signed on their behalf by:
Mr E Jack, Director

JACK ARTS LIMITED Registered Number 06781753

Notes to the Abbreviated Accounts for the period ended 31 January 2015

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% per annum on straight line basis

2Tangible fixed assets

	£
Cost
At 1 February 2014	9,919
Additions	587
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	10,506
Depreciation
At 1 February 2014	5,053
Charge for the year	2,626
On disposals	-
At 31 January 2015	7,679
Net book values
At 31 January 2015	2,827
At 31 January 2014	4,866

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100