Janmal Limited Small abridged accounts

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Janmal Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 05848154

Janmal Limited

Filleted Unaudited Abridged Financial Statements

30 June 2017

Janmal Limited

Abridged Financial Statements

Year ended 30 June 2017

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	2

Janmal Limited

Abridged Statement of Financial Position

30 June 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	8,121	3,250
Cash at bank and in hand	265	1,825
	-------	-------
	8,386	5,075

Creditors: amounts falling due within one year	3,360		3,149
	-------		-------
Net current assets		5,026	1,926
		-------	-------
Total assets less current liabilities		5,026	1,926
		-------	-------
Net assets		5,026	1,926
		-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	4,926	1,826
	-------	-------
Members funds	5,026	1,926
	-------	-------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 16 March 2018 , and are signed on behalf of the board by:

Mr J Chudzynski
Director

Company registration number: 05848154

Janmal Limited

Notes to the Abridged Financial Statements

Year ended 30 June 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Station Parade, Uxbridge Road, London, W5 3LD.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 July 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

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

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

4. Employee numbers

The average number of persons employed by the company during the year, including the director, amounted to Nil (2016: Nil).

5. Intangible assets

	£
Cost
At 1 July 2016 and 30 June 2017	5,500
	-------
Amortisation
At 1 July 2016 and 30 June 2017	5,500
	-------
Carrying amount
At 30 June 2017	–
	-------

6. Related party transactions

The company was under the control of Mr Chudzynski throughout the current and previous year. Mr Chudzynski is the managing director and sole shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRSSE.

7. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 July 2015.

No transitional adjustments were required in equity or profit or loss for the year.