Abbreviated Company Accounts - JASSOC LIMITED

Abbreviated Company Accounts - JASSOC LIMITED

JASSOC LIMITED - Company Information

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Registered Number 04389604

JASSOC LIMITED

Abbreviated Accounts

31 December 2015

JASSOC LIMITED Registered Number 04389604

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Called up share capital not paid 2 2
Fixed assets
Intangible assets - -
Tangible assets 2 7,458 8,286
Investments - -
7,458 8,286
Current assets
Stocks - -
Debtors 3 1,681 7,968
Investments - -
Cash at bank and in hand 29,058 11,378
30,739 19,346
Prepayments and accrued income - -
Creditors: amounts falling due within one year (5,588) (12,800)
Net current assets (liabilities) 25,151 6,546
Total assets less current liabilities 32,611 14,834
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities (6,148) (2,187)
Accruals and deferred income 0 0
Total net assets (liabilities) 26,463 12,647
Capital and reserves
Called up share capital 2 2
Share premium account 0 0
Revaluation reserve 12,645 24,206
Other reserves 0 0
Profit and loss account 13,816 (11,561)
Shareholders' funds 26,463 12,647
  • For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 June 2016

And signed on their behalf by:
Tony Johnstone, Director

JASSOC LIMITED Registered Number 04389604

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is generally entered on a cash basis with jobs in progress not appearing as profit until completed, invoiced and paid.

Tangible assets depreciation policy
Tangible assets are generally instrumentation and reckoned to have a 10 year life. Initial cost being written down at 10% per annum until re-valued or sold.

Intangible assets amortisation policy
not applicable

Valuation information and policy
Valuations are assumed to be initial cost less depreciation unless otherwise stated

Other accounting policies
not applicable

2Tangible fixed assets
£
Cost
At 1 January 2015 10,229
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2015 10,229
Depreciation
At 1 January 2015 1,943
Charge for the year 828
On disposals 0
At 31 December 2015 2,771
Net book values
At 31 December 2015 7,458
At 31 December 2014 8,286

Depreciation taken as 10% per annum over a 10 year life

3Debtors

Book keeping errors are being cleared with estimated debts to VAT and a bad debt allowed for in these totals