Accounts filed on 28-02-2015


trueJamiesons Book-keeping & Accountancy LimitedSC2154722015-02-282815825984282582608410010028258260841699228427261762643324315816909316410812311747967408610393750054147321522931994186119941861Basis of accounting 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 The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax, in respect of the provision of book-keeping and accountancy services. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion. Work in progress Work in progress is valued on the basis of direct costs plus attributable overheads and an element of profit based on normal level of activity. Provision is made for any foreseeable losses where appropriate. Hire purchase agreements Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis. Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. Fixed Assets All fixed assets are initially recorded at cost. Financial Instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Fixtures & Fittingsstraight line0.2500Equipmentstraight line0.333312810226802829-1269910816208191337-1134012810226802829-126991081620819-113401337Ordinary1000110001000Ordinary11001001002015-04-03Mr E R Jamiesontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureJamiesons Book-keeping & Accountancy Limited2014-03-012015-02-28Jamiesons Book-keeping & Accountancy Limited2013-03-012014-02-28Jamiesons Book-keeping & Accountancy Limited2013-02-28Jamiesons Book-keeping & Accountancy Limited2014-02-28Jamiesons Book-keeping & Accountancy Limited2014-02-28Jamiesons Book-keeping & Accountancy Limited2015-02-28 2015-04-06