Jordan Andrew Mark Industries Ltd. - Abbreviated accounts 16.1

REGISTERED NUMBER: 08253757 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

Jordan Andrew Mark Industries Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A M Jordan

M Jordan

REGISTERED OFFICE:

5 Montrose Drive

Maidenhead

Berkshire

SL6 4LX

REGISTERED NUMBER:

08253757 (England and Wales)

ACCOUNTANTS:

Franks Accountants Limited

11 The Shambles

Wetherby

West Yorkshire

LS22 6NG

FIXED ASSETS

Intangible assets

2

1,435

3,157

Tangible assets

3

4,684

2,138

6,119

5,295

CURRENT ASSETS

Stocks

11,220

8,800

Cash at bank

28,776

11,598

39,996

20,398

CREDITORS

Amounts falling due within one year

24,292

33,487

NET CURRENT ASSETS/(LIABILITIES)

15,704

(13,089

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,823

(7,794

)

CAPITAL AND RESERVES

Called up share capital

4

1,300

1,000

Share premium

59,700

-

Profit and loss account

(39,177

)

(8,794

)

SHAREHOLDERS' FUNDS

21,823

(7,794

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 29 July 2016 and were signed on its
behalf by:

M Jordan - 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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Website development

Website development costs are amortised on a straight-line basis over the estimated economic life of

three years.

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

-

33% on cost

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.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

5,165

AMORTISATION

At 1 November 2014

2,008

Amortisation for year

1,722

At 31 October 2015

3,730

NET BOOK VALUE

At 31 October 2015

1,435

At 31 October 2014

3,157

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

3,500

Additions

5,071

At 31 October 2015

8,571

DEPRECIATION

At 1 November 2014

1,362

Charge for year

2,525

At 31 October 2015

3,887

NET BOOK VALUE

At 31 October 2015

4,684

At 31 October 2014

2,138

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

1,300

Ordinary

£1

1,300

1,000

300 Ordinary shares of £1 were issued during the year for cash of £ 60,000 .

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2015 and

31 October 2014:

31.10.15

31.10.14

£

A M Jordan and M Jordan

Balance outstanding at start of year

(21,207

)

(9,125

)

Amounts advanced

5,194

-

Amounts repaid

-

(12,082

)

Balance outstanding at end of year

(16,013

)

(21,207

)

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A & Mr M Jordan, directors..