VICTORIA_JAMES_ASSOCIATES - Accounts

VICTORIA JAMES ASSOCIATES LTD - Company Information

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Company Registration No. 07495214 (England and Wales)

VICTORIA JAMES ASSOCIATES LTD

ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

VICTORIA JAMES ASSOCIATES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

VICTORIA JAMES ASSOCIATES LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

131

707

Current assets

Debtors

558

Cash at bank and in hand

280

6,335

280

6,893

Creditors: amounts falling due within one year

(1,410)

(7,342)

Net current liabilities

(1,130)

(449)

Total assets less current liabilities

(999)

258

Provisions for liabilities

(26)

(141)

(1,025)

117

Capital and reserves

Called up share capital

Profit and loss account

(1,027)

115

Shareholders' funds

(1,025)

117

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his 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 19 December 2014

J Loftus

Director

Company Registration No. 07495214

VICTORIA JAMES ASSOCIATES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

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 April 2008).

1.2

Turnover

Turnover represents amounts receivable for 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:

Computer equipment

33% Straight line basis

1.4

Deferred taxation

Deferred tax is recognised in respect of all timing differences which have originated but not reversed at the balance sheet date. Timing differences are differences between taxable profits and the results as stated in the financial statements which arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates which are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws which have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

Fixed assets

Tangible assets

Cost

At 1 April 2013 & at 31 March 2014

1,747

Depreciation

At 1 April 2013

1,040

Charge for the year

576

At 31 March 2014

1,616

Net book value

At 31 March 2014

131

At 31 March 2013

707

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary shares of £1 each