Abbreviated Company Accounts - JALSIDE LIMITED

00872913 JALSIDE LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 00872913 2015-01-01 2015-12-31 00872913 2015-12-31 00872913 2014-12-31 00872913 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 00872913 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 00872913

JALSIDE LIMITED

Abbreviated Accounts

31 December 2015

JALSIDE LIMITED Registered Number 00872913

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	141,279	141,310
Investments	3	120,000	120,000
		261,279	261,310
Current assets
Debtors		281,167	271,097
Cash at bank and in hand		183,061	151,356
		464,228	422,453
Creditors: amounts falling due within one year		(172,467)	(162,202)
Net current assets (liabilities)		291,761	260,251
Total assets less current liabilities		553,040	521,561
Total net assets (liabilities)		553,040	521,561
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		552,940	521,461
Shareholders' funds		553,040	521,561

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 15 September 2016

And signed on their behalf by:
M Scott, Director

JALSIDE LIMITED Registered Number 00872913

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 comprises the invoice value of goods supplied by the company, exclusive of trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment - 10% straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Intangible assets amortisation policy
Revalued investment properties are not depreciated or amortised, Where the valuation indicates a permanent diminution in the value of the property, the permanent diminution is charged to the profit and loss account. All other fluctuations in value are transferred to a revaluation reserve.

This treatment is a departure from the requirement of Company Law to provide depreciation on all fixed assets which have a limited useful life. However, these investment properties are not held for consumption but for investment and the directors considers that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. if depreciation were to be provided it would be provided at a rate of 2% per annum on the revalued amount.

2Tangible fixed assets

	£
Cost
At 1 January 2015	143,746
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	143,746
Depreciation
At 1 January 2015	2,436
Charge for the year	31
On disposals	-
At 31 December 2015	2,467
Net book values
At 31 December 2015	141,279
At 31 December 2014	141,310

3Fixed assets Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value, Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100