Company Registration No. 05548911 (England and Wales)
JASON JONES UK LTD
DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
JASON JONES UK LTD
COMPANY INFORMATION
Director
J Jones
Company number
05548911
Registered office
101 Hurst St
Leigh
WN7 3AH
Accountants
TaxAssist Accountants
17 Queen Street
Leigh
WN7 4NQ
Business address
101 Hurst St
Leigh
WN7 3AH
JASON JONES UK LTD
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
JASON JONES UK LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2015
- 1 -
The director presents his report and financial statements for the year ended 31 August 2015.
Director
The following director has held office since 1 September 2014:
J Jones
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
J Jones
Director
20 May 2016
JASON JONES UK LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JASON JONES UK LTD FOR THE YEAR ENDED 31 AUGUST 2015
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jason Jones UK Ltd for the year ended 31 August 2015 set out on pages 3 to 7 from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Jason Jones UK Ltd, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Jason Jones UK Ltd and state those matters that we have agreed to state to the Board of Directors of Jason Jones UK Ltd, as a body, in this
report
. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jason Jones UK Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Jason Jones UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jason Jones UK Ltd. You consider that Jason Jones UK Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Jason Jones UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
TaxAssist Accountants
20 May 2016
Accountants
17 Queen Street
Leigh
WN7 4NQ
JASON JONES UK LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
2015
2014
Notes
£
£
Turnover
75,134
59,652
Administrative expenses
(17,667)
(32,559)
Profit on ordinary activities before taxation
2
57,467
27,093
Tax on profit on ordinary activities
(11,484)
(5,418)
Profit for the year
8
45,983
21,675
The profit and loss account has been prepared on the basis that all operations are continuing operations.
There are no recognised gains and losses other than those passing through the profit and loss account.
JASON JONES UK LTD
BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 4 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
4
637
-
Current assets
Debtors
5
14,250
1,200
Cash at bank and in hand
50,917
2,889
65,167
4,089
Creditors: amounts falling due within one year
6
(52,484)
(11,851)
Net current assets/(liabilities)
12,683
(7,762)
Total assets less current liabilities
13,320
(7,762)
Capital and reserves
Called up share capital
7
100
1
Profit and loss account
8
13,220
(7,763)
Shareholders' funds
9
13,320
(7,762)
For the financial year ended 31 August 2015 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 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 financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 20 May 2016
J Jones
Director
Company Registration No. 05548911
JASON JONES UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 5 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% straight line
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Operating profit
2015
2014
£
£
Operating profit is stated after charging:
Depreciation of tangible assets
319
-
Operating lease rentals
520
-
Director's remuneration
7,300
6,000
3
Dividends
2015
2014
£
£
Ordinary interim paid
25,000
25,000
JASON JONES UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2014
-
Additions
956
At 31 August 2015
956
Depreciation
At 1 September 2014
-
Charge for the year
319
At 31 August 2015
319
Net book value
At 31 August 2015
637
5
Debtors
2015
2014
£
£
Trade debtors
14,250
1,200
6
Creditors: amounts falling due within one year
2015
2014
£
£
Trade creditors
-
775
Taxation and social security
14,360
5,418
Other creditors
38,124
5,658
52,484
11,851
7
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 ordinary share of £1 each
100
1
JASON JONES UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 7 -
8
Statement of movements on profit and loss account
Profit
and loss
account
£
Balance at 1 September 2014
(7,763)
Profit for the year
45,983
Dividends paid
(25,000)
Balance at 31 August 2015
13,220
9
Reconciliation of movements in Shareholders' funds
2015
2014
£
£
Profit for the financial year
45,983
21,675
Dividends
(25,000)
(25,000)
Net addition to/(depletion in) shareholders' funds
20,983
(3,325)
Opening Shareholders' funds
(7,762)
(4,437)
Closing Shareholders' funds
13,320
(7,762)
JASON JONES UK LTD
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2015
2015
2014
£
£
£
£
Turnover
Sales
75,134
59,652
Administrative expenses
Wages and salaries (excl. N.I.)
-
7,500
Directors' remuneration
7,300
6,000
Home costs
520
-
Insurance
434
1,984
Repairs and maintenance
195
-
Printing, postage and stationery
131
4,542
Advertising
-
2,204
Telephone
220
-
Motor running expenses
4,096
9,554
Travelling expenses
2,668
-
Entertaining - non allowable
584
-
Accountancy
888
775
Bank charges
96
-
Sundry expenses - allowable
82
-
Subscriptions - allowable
134
-
Depreciation on computer equipment
319
-
Administrative expenses
(17,667)
(32,559)
Operating profit
57,467
27,093
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