Jelly Images Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07051480 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 December 2014

for

Jelly Images Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S Jones

REGISTERED OFFICE:

12 Beechfield Avenue

Yelverton

Devon

PL20 6DU

REGISTERED NUMBER:

07051480 (England and Wales)

ACCOUNTANTS:

Bromhead

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Tangible assets

2

15,375

11,772

CURRENT ASSETS

Cash at bank

2,510

216

CREDITORS

Amounts falling due within one year

4,582

11,932

NET CURRENT LIABILITIES

(2,072

)

(11,716

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,303

56

PROVISIONS FOR LIABILITIES

1,600

493

NET ASSETS/(LIABILITIES)

11,703

(437

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

11,702

(438

)

SHAREHOLDERS' FUNDS

11,703

(437

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 September 2015 and were signed by:

Mr S Jones - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of

the service provided to date based on a proportion of the total expected consideration at completion. Where

payments are received from customers in advance of services provided, the amount are recorded as deferred

income and included as part of the creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

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 depreciated 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

18,788

Additions

11,151

Disposals

(1,680

)

Transfer to ownership

(1,200

)

At 31 December 2014

27,059

DEPRECIATION

At 1 January 2014

7,016

Charge for year

6,595

Eliminated on disposal

(727

)

Transfer to ownership

(1,200

)

At 31 December 2014

11,684

NET BOOK VALUE

At 31 December 2014

15,375

At 31 December 2013

11,772

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

1

Ordinary

£1

1

1

4.	GOING CONCERN

These accounts have been prepared on the going concern basis on the understanding that the director will

continue to financially support the company.