C James Project Services Limited - Period Ending 2016-06-30

Registration number: 06288228

C James Project Services Limited

Unaudited Abbreviated Accounts

30 June 2016
 

C James Project Services Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

C James Project Services Limited
abbreviated balance sheet
30 June 2016

		Note			2016						2015 £
	£			£
Fixed assets
Tangible fixed assets								612			963
Current assets
Debtors					9,425						8,463
Cash at bank and in hand					4,479						12,301
					13,904						20,764
Creditors: Amounts falling due within one year					(14,394)						(20,544)
Net current (liabilities)/assets								(490)			220
Total assets less current liabilities								122			1,183
Provisions for liabilities								-			(193)
Net assets								122			990
Capital and reserves
Called up share capital		3			1						1
Profit and loss account					121						989
Shareholders' funds								122			990

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

C James Project Services Limited
abbreviated balance sheet ......... continued
30 June 2016

For the year ending 30 June 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 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 8 December 2016

.........................................
Mr C James
Director

Company Registration Number: 06288228

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

C James Project Services Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2016

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 January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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:

Asset class	Depreciation method and rate
Motor vehicles	25% straight line
Equipment	33% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by FRS19. Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

3

C James Project Services Limited
Notes to the Abbreviated Accounts
Year Ended 30 June 2016

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 July 2015		3,159			3,159
Additions		330			330
At 30 June 2016		3,489			3,489
Depreciation
At 1 July 2015		2,196			2,196
Charge for the year		681			681
At 30 June 2016		2,877			2,877
Net book value
At 30 June 2016		612			612
At 30 June 2015		963			963

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary share of £1 each		1			1			1			1

4