JMC 242 Ltd - Abbreviated accounts

JMC 242 Ltd - Abbreviated accounts


Registered number
SC502712
JMC 242 Ltd
Abbreviated Accounts
31 August 2016
JMC 242 Ltd
Registered number: SC502712
Abbreviated Balance Sheet
as at 31 August 2016
Notes 2016
£
Fixed assets
Tangible assets 2 714
Current assets
Debtors 7,194
Cash at bank and in hand 123
7,317
Creditors: amounts falling due within one year (25,927)
Net current liabilities (18,610)
Net liabilities (17,896)
Capital and reserves
Called up share capital 3 1
Profit and loss account (17,897)
Shareholder's funds (17,896)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
John McAuley
Director
Approved by the board on 4 January 2017
JMC 242 Ltd
Notes to the Abbreviated Accounts
for the period ended 31 August 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Computer Equipment 33% straight line
Other Equipment 20% straight line
Bicycle 20% straight line
2 Tangible fixed assets £
Cost
Additions 933
At 31 August 2016 933
Depreciation
Charge for the period 219
At 31 August 2016 219
Net book value
At 31 August 2016 714
3 Share capital Nominal 2016 2016
value Number £
Allotted and called up:
Ordinary shares £1 each 1 1
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each 1 1
JMC 242 LtdSC502712falsetrue2015-04-082016-08-312016-08-31John McAuleySC5027122015-04-082016-08-31SC502712uk-bus:Director402015-04-082016-08-31SC502712uk-gaap:PlantMachinery2015-04-082016-08-31SC502712uk-gaap:MotorVehicles2015-04-082016-08-31SC502712uk-bus:OrdinaryShareClass12015-04-082016-08-31SC5027122016-08-31SC502712uk-bus:OrdinaryShareClass12016-08-31SC5027122015-04-07iso4217:GBPxbrli:shares