Abbreviated Company Accounts - A & J ACCOUNTANCY SERVICES LTD

Abbreviated Company Accounts - A & J ACCOUNTANCY SERVICES LTD

A & J ACCOUNTANCY SERVICES LTD - Company Information

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Registered Number SC351378

A & J ACCOUNTANCY SERVICES LTD

Abbreviated Accounts

31 May 2014

A & J ACCOUNTANCY SERVICES LTD Registered Number SC351378

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 239,088 64,708
Tangible assets 3 14,586 107
253,674 64,815
Current assets
Debtors 2,077 616
Cash at bank and in hand 60,124 66,217
62,201 66,833
Prepayments and accrued income 1,028 356
Creditors: amounts falling due within one year (224,970) (50,378)
Net current assets (liabilities) (161,741) 16,811
Total assets less current liabilities 91,933 81,626
Total net assets (liabilities) 91,933 81,626
Capital and reserves
Called up share capital 2 2
Profit and loss account 91,931 81,624
Shareholders' funds 91,933 81,626
  • For the year ending 31 May 2014 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 directors acknowledge their 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 Board on 28 February 2015

And signed on their behalf by:
Angela Carswell, Director

A & J ACCOUNTANCY SERVICES LTD Registered Number SC351378

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of VAT, of services provided to clients

Tangible assets depreciation policy
Equipment depreciated at 25% reducing balance

Intangible assets amortisation policy
Goodwill amortised over 5 years, 20% straight line

2Intangible fixed assets
£
Cost
At 1 June 2013 69,401
Additions 234,152
Disposals -
Revaluations -
Transfers -
At 31 May 2014 303,553
Amortisation
At 1 June 2013 4,693
Charge for the year 59,772
On disposals -
At 31 May 2014 64,465
Net book values
At 31 May 2014 239,088
At 31 May 2013 64,708
3Tangible fixed assets
£
Cost
At 1 June 2013 191
Additions 19,340
Disposals -
Revaluations -
Transfers -
At 31 May 2014 19,531
Depreciation
At 1 June 2013 84
Charge for the year 4,861
On disposals -
At 31 May 2014 4,945
Net book values
At 31 May 2014 14,586
At 31 May 2013 107