JM ICT Consultancy Limited - Limited company accounts 11.3

REGISTERED NUMBER: SC170798 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2015

for

JM ICT Consultancy Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

J McCurrach

REGISTERED OFFICE:

Amicable House

252 Union street

Aberdeen

AB10 1TN

REGISTERED NUMBER:

SC170798 (Scotland)

ACCOUNTANTS:

MacDonald Accountancy Services

12 Allardice Street

Stonehaven

Aberdeenshire

AB39 2BQ

The director presents his report with the financial statements of the company for the year ended 31 December 2015.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of provision of information and communication

technology.

DIRECTOR

J McCurrach held office during the whole of the period from 1 January 2015 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

J McCurrach - Director

16 September 2016

TURNOVER

26,821

21,255

Administrative expenses

24,565

21,514

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

2,256

(259

)

Tax on profit/(loss) on ordinary activities

3

-

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

2,256

(259

)

FIXED ASSETS

Tangible assets

4

-

500

CURRENT ASSETS

Debtors

5

3,600

1,428

Cash at bank

1,834

1,025

5,434

2,453

CREDITORS

Amounts falling due within one year

6

2,274

2,049

NET CURRENT ASSETS

3,160

404

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,160

904

CAPITAL AND RESERVES

Called up share capital

7

2

Profit and loss account

8

3,158

902

SHAREHOLDERS' FUNDS

3,160

904

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 16 September 2016 and were signed by:

J McCurrach - 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.

Computer equipment

-

25% 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.

2.	OPERATING PROFIT/(LOSS)

The operating profit (2014 - operating loss) is stated after charging:

31.12.15

31.12.14

£

Depreciation - owned assets

500

Director's remuneration and other benefits etc

15,000

13,500

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2015 nor for the

year ended 31 December 2014.

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2015

and 31 December 2015

10,394

DEPRECIATION

At 1 January 2015

9,894

Charge for year

500

At 31 December 2015

10,394

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

Trade debtors

3,600

1,428

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

Taxation and social security

1,724

980

Other creditors

550

1,069

2,274

2,049

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

2

Ordinary

£

2

8.

RESERVES

Profit

and loss

account

£

At 1 January 2015

902

Profit for the year

2,256

At 31 December 2015

3,158