JOY CONSULTING LTD Accounts filed on 31-12-2014
JOY CONSULTING LTD Accounts filed on 31-12-2014
JOY CONSULTING LTD
Company Registration Number:
07890293 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st January 2014
End date: 31st December 2014
SUBMITTED
JOY CONSULTING LTD
Company Information
for the Period Ended
31st December 2014
Director: |
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Registered office: |
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Middlesex | ||
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GB-ENG | ||
Company Registration Number: |
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JOY CONSULTING LTD
Abbreviated Balance sheet
As at 31st December 2014
Notes | 2014 £ |
2013 £ |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
JOY CONSULTING LTD
Abbreviated Balance sheet
As at 31st December 2014
continued
Notes | 2014 £ |
2013 £ |
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Capital and reserves | |||
Called up share capital: | 2 |
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Profit and Loss account: |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Ms Lei Pei
Status: Director
The notes form part of these financial statements
JOY CONSULTING LTD
Notes to the Abbreviated Accounts
for the Period Ended
31st December 2014
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting for Smaller Entities (Effective April 2008). These accounts have been prepared on the going concern basis. Turnover policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT. Tangible fixed assets depreciation policy
The tangible 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: Plant and machinery 20% on reducing balance Fixtures, fittings & equipment 20% on reducing balance Intangible fixed assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortized at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed circumstances indicates that the carrying value of an asset may not be fully recoverable. Valuation information and policy
Stock and work-in-progress are valued at lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Other accounting policies
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are deprecated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.