Company Registration No. 02885990 (England and Wales)
THE JOINT LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
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 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
518,615
573,540
Current assets
Stocks
2,000
2,000
Debtors
101,302
147,772
Cash at bank and in hand
30,281
27,230
133,583
177,002
Creditors: amounts falling due within one year
(402,678)
(605,597)
Net current liabilities
(269,095)
(428,595)
Total assets less current liabilities
249,520
144,945
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
249,516
144,941
Shareholders' funds
249,520
144,945
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 1 April 2016
E Follett
Director
Company Registration No. 02885990
THE JOINT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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 2015
1,261,682
Additions
2,007
Disposals
(176,982)
At 31 December 2015
1,086,707
Depreciation
At 1 January 2015
688,142
On disposals
(176,909)
Charge for the year
56,859
At 31 December 2015
568,092
Net book value
At 31 December 2015
518,615
At 31 December 2014
573,540
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
4 Ordinary shares of £1 each
4
4
2015-12-312015-01-01falsetruetruetruetruetruetmp1D86.html2016-04-12028859902015-01-012015-12-31028859902015-12-31028859902014-12-31028859902014-12-3102885990uk-bus:CompanySecretaryDirector2015-01-012015-12-3102885990uk-gaap:LandBuildingsuk-gaap:LeasedTangibleFixedAssets2015-01-012015-12-3102885990uk-gaap:FixturesFittingsToolsEquipment2015-01-012015-12-3102885990uk-bus:OrdinaryShareClass12015-01-012015-12-3102885990uk-bus:OrdinaryShareClass12015-12-3102885990uk-bus:OrdinaryShareClass12014-12-31xbrli:purexbrli:sharesiso4217:GBP
