Juice Moving Images Limited - Period Ending 2014-02-28
Juice Moving Images Limited - Period Ending 2014-02-28
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Juice Moving Images Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Juice Moving Images Limited
for the Year Ended 28 February 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Juice Moving Images Limited for the year ended 28 February 2014 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Juice Moving Images Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Juice Moving Images Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Juice Moving Images Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Juice Moving Images Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Juice Moving Images Limited. You consider that Juice Moving Images Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Juice Moving Images Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Morgan Cameron Limited
Chartered Accountants
9 Thorney Leys Park
Witney
Oxfordshire
OX28 4GE
16 June 2014
Juice Moving Images Limited
(Registration number: 06400316)
Abbreviated Balance Sheet at 28 February 2014
Note |
2014
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2013
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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2
Juice Moving Images Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Patents |
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Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Motor vehicles |
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Fixtures and fittings |
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Deferred tax
Foreign currency
Hire purchase and leasing
Juice Moving Images Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued
Pensions
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 March 2013 |
182,381 |
220,532 |
402,913 |
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Additions |
- |
28,610 |
28,610 |
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Disposals |
(1,250) |
(14,593) |
(15,843) |
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At 28 February 2014 |
181,131 |
234,549 |
415,680 |
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Depreciation |
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At 1 March 2013 |
130,629 |
184,355 |
314,984 |
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Charge for the year |
25,876 |
25,700 |
51,576 |
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Eliminated on disposals |
(1,250) |
(11,975) |
(13,225) |
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At 28 February 2014 |
155,255 |
198,080 |
353,335 |
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Net book value |
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At 28 February 2014 |
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At 28 February 2013 |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
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No. |
£ |
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