J M Taylor Accountants Limited - Limited company - abbreviated - 11.6

J M Taylor Accountants Limited - Limited company - abbreviated - 11.6

J M TAYLOR ACCOUNTANTS LIMITED - Company Information

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SC352132 1.1.14 31.12.14 31.12.14 Company accounts Private Limited Company FY true false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3521322013-12-31SC3521322014-12-31SC3521322014-01-012014-12-31SC3521322012-12-31SC3521322013-01-012013-12-31SC3521322013-12-31SC352132ns12:Scotland2014-01-012014-12-31SC352132ns14:PoundSterling2014-01-012014-12-31SC352132ns7:Director12014-01-012014-12-31SC352132ns7:OrdinaryShareClass12014-01-012014-12-31SC352132ns7:Director22014-01-012014-12-31SC352132ns7:Director32014-01-012014-12-31SC352132ns7:RegisteredOffice2014-01-012014-12-31SC352132ns7:EntityAccountantsOrAuditors2014-01-012014-12-31SC352132ns5:PlantMachinery2014-01-012014-12-31SC352132ns7:OrdinaryShareClass12014-12-31SC352132ns7:OrdinaryShareClass12013-12-31
REGISTERED NUMBER: SC352132 (Scotland)















Abbreviated Accounts for the Year Ended 31 December 2014

for

J M Taylor Accountants Limited

J M Taylor Accountants Limited (Registered number: SC352132)






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




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

J M Taylor Accountants Limited

Company Information
for the Year Ended 31 December 2014







DIRECTORS: Ms G D Crighton
R C Chalmers
A Benson





REGISTERED OFFICE: 7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ





REGISTERED NUMBER: SC352132 (Scotland)





ACCOUNTANTS: J M TAYLOR
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ
Page 1
J M Taylor Accountants Limited (Registered number: SC352132)

Abbreviated Balance Sheet
31 December 2014

31.12.14 31.12.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 200,000 250,000
Tangible assets 3 42,579 33,376
242,579 283,376

CURRENT ASSETS
Debtors 463,898 432,825
Cash at bank and in hand 560,864 341,705
1,024,762 774,530
CREDITORS
Amounts falling due within one year 528,514 487,696
NET CURRENT ASSETS 496,248 286,834
TOTAL ASSETS LESS CURRENT
LIABILITIES
738,827
570,210

PROVISIONS FOR LIABILITIES 8,213 6,730
NET ASSETS 730,614 563,480

CAPITAL AND RESERVES
Called up share capital 4 3 3
Profit and loss account 730,611 563,477
SHAREHOLDERS' FUNDS 730,614 563,480

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Accountants Limited (Registered number: SC352132)

Abbreviated Balance Sheet - continued
31 December 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 Board of Directors on 30 September 2015 and were signed on its behalf
by:





Ms G D Crighton - Director


The notes form part of these abbreviated accounts

Page 3
J M Taylor Accountants Limited (Registered number: SC352132)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 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).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 500,000
AMORTISATION
At 1 January 2014 250,000
Amortisation for year 50,000
At 31 December 2014 300,000
NET BOOK VALUE

At 31 December 2014 200,000
At 31 December 2013 250,000

Page 4 continued...
J M Taylor Accountants Limited (Registered number: SC352132)

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

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 76,472
Additions 21,639
Disposals (4,539 )
At 31 December 2014 93,572
DEPRECIATION
At 1 January 2014 43,096
Charge for year 12,436
Eliminated on disposal (4,539 )
At 31 December 2014 50,993
NET BOOK VALUE
At 31 December 2014 42,579
At 31 December 2013 33,376

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.14 31.12.13
value: £    £   
3 Ordinary shares 1 3 3

Page 5