TJSC_GROUP_LTD - Accounts


Company Registration No. 04554518 (England and Wales)
TJSC GROUP LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
TJSC GROUP LTD
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 5
TJSC GROUP LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY ACCOUNTS OF TJSC GROUP LTD
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TJSC Group Ltd for the year ended 31 December 2014 set out on pages 3 to 8 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, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of TJSC Group Ltd, as a body, in accordance with the terms of our engagement letter dated 16 February 2011. Our work has been undertaken solely to prepare for your approval the financial statements of TJSC Group Ltd and state those matters that we have agreed to state to the Board of Directors of TJSC Group Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants in England and Wales as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TJSC Group Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that TJSC Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TJSC Group Ltd. You consider that TJSC Group Ltd 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 financial statements of TJSC Group Ltd. 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.
Heather & Co Ltd
28 May 2015
Chartered Accountants
Longlac
White House Lane
Jacobs Well
Guildford
Surrey
GU4 7PT
TJSC GROUP LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 2 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
6,147
4,616
Investments
2
3
3
6,150
4,619
Current assets
Debtors
164,221
128,482
Cash at bank and in hand
906
3,705
165,127
132,187
Creditors: amounts falling due within one year
(340,703)
(340,011)
Net current liabilities
(175,576)
(207,824)
Total assets less current liabilities
(169,426)
(203,205)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(169,428)
(203,207)
Shareholders'  funds
(169,426)
(203,205)
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 28 May 2015
Mr T Sutton
Director
Company Registration No. 04554518
TJSC GROUP LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
1
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).

The directors have given assurances of continued financial support. Management accounts for the current period show the Company making a profit. The directors consider it appropriate to prepare the financial statements on the going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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:
Plant and machinery
25% reducing balance method
Computer equipment
33.3% reducing balance method
Fixtures, fittings & equipment
10% to 33.3% reducing balance method
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
TJSC GROUP LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2014
29,351
3
29,354
Additions
3,948
-
3,948
At 31 December 2014
33,299
3
33,302
Depreciation
At 1 January 2014
24,735
-
24,735
Charge for the year
2,417
-
2,417
At 31 December 2014
27,152
-
27,152
Net book value
At 31 December 2014
6,147
3
6,150
At 31 December 2013
4,616
3
4,619
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Great Britain Shop Ltd
Great Britain
Ordinary
100.00
Scanning Pens Ltd
Great Britain
Ordinary
100.00
e-pens Ltd
Great Britain
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2014
2014
Principal activity
£
£
Great Britain Shop Ltd
Online retailer
13,226
(1,036)
Scanning Pens Ltd
Online retailer
47,330
(18,899)
e-pens Ltd
Online retailer
(54,313)
18,711
TJSC GROUP LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 5 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
4
Related party relationships and transactions
Loans to directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
-
-
-
-
-
These amounts are shown in other creditors due within one year.
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