J B Cole Limited - Period Ending 2016-03-31

Registration number: 06472973

J B Cole Limited

Unaudited Abbreviated Accounts

for the period from 1 February 2015 to 31 March 2016

Landmark Accountants Limited
Chartered Accountants
Hamilton House
25 High Street
Rickmansworth
Hertfordshire
WD3 1ET

J B Cole Limited

Contents

Abbreviated Balance Sheet	1 to 2
Notes to the Abbreviated Accounts	3 to 4

J B Cole Limited

(Registration number: 06472973)
Abbreviated Balance Sheet as at 31 March 2016

	Note	31 March 2016 £	31 January 2015 £
Fixed assets
Tangible assets	2	1,342	1,244
Current assets
Debtors		56,658	46,770
Cash at bank and in hand		9	13,573
		56,667	60,343
Creditors: Amounts falling due within one year		(44,196)	(28,732)
Net current assets		12,471	31,611
Total assets less current liabilities		13,813	32,855
Accruals and deferred income		(3,500)	(3,500)
Net assets		10,313	29,355
Capital and reserves
Called up share capital	3	1,000	1,000
Share premium reserve		8,400	8,400
Profit and loss account		913	19,955
Shareholders funds		10,313	29,355

For the period ending 31 March 2016 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 28 October 2016 and signed on its behalf by:

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

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

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

J B Cole Limited

(Registration number: 06472973)
Abbreviated Balance Sheet as at 31 March 2016

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

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

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

J B Cole Limited

Notes to the Abbreviated Accounts

Accounting policies

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.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

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

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Fixed assets

	Tangible assets £	Total £
Cost
At 1 February 2015	3,914	3,914
Additions	612	612
At 31 March 2016	4,526	4,526
Depreciation
At 1 February 2015	2,670	2,670
Charge for the year	514	514
At 31 March 2016	3,184	3,184
Net book value
At 31 March 2016	1,342	1,342
At 31 January 2015	1,244	1,244

Page 3

J B Cole Limited

Notes to the Abbreviated Accounts

Share capital

Allotted, called up and fully paid shares

	31 March 2016		31 January 2015
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 4