J M Taylor Limited - Limited company - abbreviated - 11.6

J M Taylor Limited - Limited company - abbreviated - 11.6

J M TAYLOR LIMITED - Company Information

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REGISTERED NUMBER: SC244485 (Scotland)















Abbreviated Accounts for the Year Ended 31 March 2014

for

J M Taylor Limited

J M Taylor Limited (Registered number: SC244485)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

J M Taylor Limited

Company Information
for the Year Ended 31 March 2014







DIRECTOR: J M Taylor





SECRETARY:





REGISTERED OFFICE: Citygate
Blackburn Business Park
Woodburn Road
Blackburn
Aberdeenshire
AB21 0PS





REGISTERED NUMBER: SC244485 (Scotland)





ACCOUNTANTS: J M TAYLOR
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ
Page 1
J M Taylor Limited (Registered number: SC244485)

Abbreviated Balance Sheet
31 March 2014

31.3.14 31.3.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 3,396 4,788
Tangible assets 3 219 303
3,615 5,091

CURRENT ASSETS
Debtors 810,937 857,278
Cash at bank 48,860 31,202
859,797 888,480
CREDITORS
Amounts falling due within one year 319,719 358,839
NET CURRENT ASSETS 540,078 529,641
TOTAL ASSETS LESS CURRENT
LIABILITIES
543,693
534,732

PROVISIONS FOR LIABILITIES 44 -
NET ASSETS 543,649 534,732

CAPITAL AND RESERVES
Called up share capital 4 10,000 10,000
Profit and loss account 533,649 524,732
SHAREHOLDERS' FUNDS 543,649 534,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
J M Taylor Limited (Registered number: SC244485)

Abbreviated Balance Sheet - continued
31 March 2014


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 director on 24 December 2014 and were signed by:





J M Taylor - Director


The notes form part of these abbreviated accounts

Page 3
J M Taylor Limited (Registered number: SC244485)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2014

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).

Preparation of consolidated financial statements
The financial statements contain information about J M Taylor Limited as an individual company and do not
contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of goods, 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.


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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 6,960
AMORTISATION
At 1 April 2013 2,172
Amortisation for year 1,392
At 31 March 2014 3,564
NET BOOK VALUE

At 31 March 2014 3,396
At 31 March 2013 4,788

Page 4 continued...
J M Taylor Limited (Registered number: SC244485)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 338
DEPRECIATION
At 1 April 2013 35
Charge for year 84
At 31 March 2014 119
NET BOOK VALUE
At 31 March 2014 219
At 31 March 2013 303

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.3.13
value: £    £   
10,000 Ordinary £1 10,000 10,000

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The balance due to Mr Taylor at 31st March 2014 is £224,068.33 an amount which is included within other
creditors.

Page 5