JTalk Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04890639 (England and Wales)

Abbreviated Accounts

for the Period

1 September 2014 to 30 November 2015

for

JTALK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Eborall

T Ferris

Mrs K J Eborall

SECRETARY:

J Eborall

REGISTERED OFFICE:

Units 1-3 Wolseley Business Park

Railton Road

Woburn Road Industrial Estate

Kempston

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

04890639 (England and Wales)

ACCOUNTANTS:

Whittles LLP

Chartered Accountants

1 Richmond Road

St Annes on Sea

Lancashire

FY8 1PE

BANKERS:

HSBC

63 High Street

Bigglesworth

Bedfordshire

SG18 0JH

FIXED ASSETS

Tangible assets

2

150,988

143,515

CURRENT ASSETS

Debtors

148,991

159,463

Cash at bank and in hand

226,960

252,876

375,951

412,339

CREDITORS

Amounts falling due within one year

431,637

443,371

NET CURRENT LIABILITIES

(55,686

)

(31,032

)

TOTAL ASSETS LESS CURRENT LIABILITIES

95,302

112,483

PROVISIONS FOR LIABILITIES

30,198

28,202

NET ASSETS

65,104

84,281

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

65,094

84,271

SHAREHOLDERS' FUNDS

65,104

84,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2015 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 24 March 2016 and were signed on its behalf by:

J Eborall - Director

T Ferris - 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 services, 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.

Improvements to property - 5% on reducing balance

Plant and machinery etc - 25% on reducing balance and

15% on reducing balance

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Employer-financed retirement benefit scheme (efrbs)

The company has established trusts for the benefit of employees and persons connected with them. Monies held

in these trusts are held by independent trustees and managed at their discretion. The trustees are empowered to

provide both retirement and other employee benefits.

Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of

the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that an

allocation of trust funds to employees in respect of past services is declared and the date that assets of the trust

vest in identified individuals.

Where monies held in a trust are determined by the company on the basis of employees' past services to the

business and the company can obtain no future economic benefit from those monies, such monies, whether in the

trust or accrued for by the company are charged to the profit and loss account in the period to which they relate.

Where monies held in a trust are determined by the company on the basis of employees' past services to the

business and are payable after completion of the employment, such monies are charged to the profit and loss

account in the period during which services are rendered by employees.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

192,104

Additions

53,466

Disposals

(17,523

)

At 30 November 2015

228,047

DEPRECIATION

At 1 September 2014

48,589

Charge for period

28,470

At 30 November 2015

77,059

NET BOOK VALUE

At 30 November 2015

150,988

At 31 August 2014

143,515

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

31.8.14

value:

£

£

8

Ordinary A

£1

8

8

2

Ordinary B

£1

2

2

10

10

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 November 2015 and the

year ended 31 August 2014:

30.11.15

31.8.14

£

£

T Ferris

Balance outstanding at start of period

(1

)

52,196

Amounts advanced

1,778

7,159

Amounts repaid

-

(59,356

)

Balance outstanding at end of period

1,777

(1

)

J Eborall

Balance outstanding at start of period

(677

)

90,983

Amounts advanced

4,881

7,900

Amounts repaid

(5,000

)

(99,560

)

Balance outstanding at end of period

(796

)

(677

)

5.	RELATED PARTY DISCLOSURES

6.	ULTIMATE CONTROLLING PARTY