Just Taps Plus (UK) Limited - Limited company - abbreviated - 11.6

Just Taps Plus (UK) Limited - Limited company - abbreviated - 11.6

JUST TAPS PLUS (UK) LIMITED - Company Information

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REGISTERED NUMBER: 07462410 (England and Wales)


















JUST TAPS PLUS (UK) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014






JUST TAPS PLUS (UK) LIMITED (REGISTERED NUMBER: 07462410)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

JUST TAPS PLUS (UK) LIMITED (REGISTERED NUMBER: 07462410)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £   
FIXED ASSETS
Tangible assets 2 32,955 38,389

CURRENT ASSETS
Stocks 411,595 489,154
Debtors 462,972 405,657
Cash at bank and in hand 83,303 41,777
957,870 936,588
CREDITORS
Amounts falling due within one year (356,895 ) (533,992 )
NET CURRENT ASSETS 600,975 402,596
TOTAL ASSETS LESS CURRENT
LIABILITIES
633,930
440,985

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 633,830 440,885
SHAREHOLDERS' FUNDS 633,930 440,985

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 directors acknowledge their 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 Board of Directors on 29 September 2015 and were signed on
its behalf by:





Mrs N Seth - Director


The notes on pages 2 to 3 form part of these abbreviated accounts

Page 1
JUST TAPS PLUS (UK) LIMITED (REGISTERED NUMBER: 07462410)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014


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 sales of goods and services net of VAT and trade discounts. Turnover is
recognised when the goods and services are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred taxation is provided at appropriate rates on all timing differences using the liability method
only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability will
crystallise in the foreseeable future.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 59,181
Additions 2,804
At 31 December 2014 61,985
DEPRECIATION
At 1 January 2014 20,792
Charge for year 8,238
At 31 December 2014 29,030
NET BOOK VALUE
At 31 December 2014 32,955
At 31 December 2013 38,389

Page 2 continued...
JUST TAPS PLUS (UK) LIMITED (REGISTERED NUMBER: 07462410)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £ 1 100 100

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2014
and 31 December 2013:

2014 2013
£    £   
K Seth
Balance outstanding at start of year (364,040 ) (376,511 )
Amounts advanced 1,025,979 701,155
Amounts repaid (870,749 ) (688,684 )
Balance outstanding at end of year (208,810 ) (364,040 )

Page 3