Company Registration No. 02885990 (England and Wales)
THE JOINT LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
THE JOINT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
THE JOINT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
573,540
628,119
Current assets
Stocks
2,000
2,000
Debtors
147,772
183,431
Cash at bank and in hand
27,230
49,648
177,002
235,079
Creditors: amounts falling due within one year
(605,597)
(761,739)
Net current liabilities
(428,595)
(526,660)
Total assets less current liabilities
144,945
101,459
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
144,941
101,455
Shareholders' funds
144,945
101,459
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. 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 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board for issue on 4 May 2015
E Follett
Director
Company Registration No. 02885990
THE JOINT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
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 April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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:
Leasehold improvements
- 5% on cost
Equipment
- 25% on cost
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014
1,259,114
Additions
2,568
At 31 December 2014
1,261,682
Depreciation
At 1 January 2014
630,995
Charge for the year
57,147
At 31 December 2014
688,142
Net book value
At 31 December 2014
573,540
At 31 December 2013
628,119
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
4 Ordinary shares of £1 each
4
4
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