REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31st October 2016 |
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for |
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Jandel Engineering Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31st October 2016 |
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for |
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Jandel Engineering Limited |
Jandel Engineering Limited (Registered number: 00917424) |
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Contents of the Abbreviated Accounts |
for the year ended 31st October 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Jandel Engineering Limited |
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Company Information |
for the year ended 31st October 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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Chartered Certified Accountant |
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Jandel Engineering Limited (Registered number: 00917424) |
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Abbreviated Balance Sheet |
31st October 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
Jandel Engineering Limited (Registered number: 00917424) |
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Abbreviated Balance Sheet - continued |
31st October 2016 |
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The financial statements were approved by the Board of Directors on
by: |
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Jandel Engineering Limited (Registered number: 00917424) |
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Notes to the Abbreviated Accounts |
for the year ended 31st October 2016 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Domain name |
The company acquired its Domain name on the 16th September 2005 from Sedo GMBH for a total consideration |
of £2,884 (Note 7 refers). The asset is considered to be intangible in nature and to have an indefinite useful life. |
An annual impairment review will be undertaken in respect of the asset and as a result the asset will not be |
subject to amortisation under the provisions of FRS 10. The decision to apply FRS10 in not depreciating the |
asset represents a departure from the FRSSE which imposes a maximum useful life of 20 years on intangible |
fixed assets. The company has therefore invoked the true and fair override provisions in order to reflect the true |
commercial nature and substance of the transaction. The financial effect of not following the FRSSE, given a |
maximum useful life of 20 years is an increase in annual reported profits of £144. |
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Tangible fixed assets |
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Plant and machinery | - |
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Stocks |
Stocks of components and raw materials are valued at the lower of cost and net realisable value, after making due |
allowance for obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Pension costs and other post-retirement benefits |
Contributions payable to the company's pension schemes are charged to the profit and loss account in the period |
to which they relate. The schemes are defined contribution (money purchase) schemes and are managed by |
Scottish Life and the Prudential. There were no outstanding or prepaid contributions at the balance sheet date. |
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Revenue recognition |
The treatment of work in progress has, where appropriate, resulted in an uplift in both sales and debtors in order |
to reflect un-invoiced work in progress at the balance sheet date. This treatment is adopted by the company in |
order to comply with the requirements of UITF 40. |
Jandel Engineering Limited (Registered number: 00917424) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31st October 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st November 2015 |
and 31st October 2016 |
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NET BOOK VALUE |
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At 31st October 2016 |
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At 31st October 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st November 2015 |
and 31st October 2016 |
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DEPRECIATION |
At 1st November 2015 |
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Charge for year |
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At 31st October 2016 |
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NET BOOK VALUE |
At 31st October 2016 |
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At 31st October 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31st October 2016 and |
31st October 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Jandel Engineering Limited (Registered number: 00917424) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31st October 2016 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
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The loan of £7,500 outstanding at the 31st October 2015 from the director, Mrs Y Ottaway, was repaid in full by |
the 31st July 2016. |