J M Taylor Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC244485 (Scotland)

Abbreviated Accounts for the Year Ended 31 March 2015

for

J M Taylor Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J M Taylor

SECRETARY:

REGISTERED OFFICE:

Citygate

Blackburn Business Park

Woodburn Road

Blackburn

ABERDEENSHIRE

AB21 0PS

REGISTERED NUMBER:

SC244485 (Scotland)

FIXED ASSETS

Intangible assets

2

-

3,396

Tangible assets

3

134

219

134

3,615

CURRENT ASSETS

Debtors

758,465

810,937

Cash at bank

65,854

48,860

824,319

859,797

CREDITORS

Amounts falling due within one year

272,440

319,719

NET CURRENT ASSETS

551,879

540,078

TOTAL ASSETS LESS CURRENT LIABILITIES

552,013

543,693

PROVISIONS FOR LIABILITIES

27

44

NET ASSETS

551,986

543,649

CAPITAL AND RESERVES

Called up share capital

4

10,000

10,000

Profit and loss account

541,986

533,649

SHAREHOLDERS' FUNDS

551,986

543,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 29 March 2016 and were signed by:

J M Taylor - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

6,960

Disposals

(6,960

)

At 31 March 2015

-

AMORTISATION

At 1 April 2014

3,564

Eliminated on disposal

(3,564

)

At 31 March 2015

-

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

3,396

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

338

DEPRECIATION

At 1 April 2014

119

Charge for year

85

At 31 March 2015

204

NET BOOK VALUE

At 31 March 2015

134

At 31 March 2014

219

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

10,000

Ordinary

£1

10,000

10,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The balance due to Mr Taylor at 31st March 2015 is £185,402.35 an amount which is included within other

creditors.