J M Taylor Financial Services Limited - Limited company - abbreviated - 11.9

J M Taylor Financial Services Limited - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: SC352131(Scotland)















Abbreviated Accounts for the Year Ended 31 May 2015

for

J M Taylor Financial Services Limited

J M Taylor Financial Services Limited (Registered number: SC352131)






Contents of the Abbreviated Accounts
for the Year Ended 31 May 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

J M Taylor Financial Services Limited

Company Information
for the Year Ended 31 May 2015







DIRECTORS: A Benson
R C Chalmers
Ms G D Crighton
W Baber





REGISTERED OFFICE: 7 Ythan Terrace
Ellon
ABERDEENSHIRE
AB41 9LJ





REGISTERED NUMBER: SC352131(Scotland)





ACCOUNTANTS: J M Taylor
7 Ythan Terrace
Ellon
ABERDEENSHIRE
AB41 9LJ

J M Taylor Financial Services Limited (Registered number: SC352131)

Abbreviated Balance Sheet
31 May 2015

31.5.15 31.5.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 241,000 297,000
Tangible assets 3 10,913 12,308
251,913 309,308

CURRENT ASSETS
Debtors 221,385 219,233
Cash at bank and in hand 370,350 218,469
591,735 437,702
CREDITORS
Amounts falling due within one year 597,521 593,976
NET CURRENT LIABILITIES (5,786 ) (156,274 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,127

153,034

PROVISIONS FOR LIABILITIES 2,193 2,462
NET ASSETS 243,934 150,572

CAPITAL AND RESERVES
Called up share capital 4 42,000 42,000
Profit and loss account 201,934 108,572
SHAREHOLDERS' FUNDS 243,934 150,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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.

J M Taylor Financial Services Limited (Registered number: SC352131)

Abbreviated Balance Sheet - continued
31 May 2015


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 29 February 2016and were signed on its behalf
by:





Ms G D Crighton- Director


J M Taylor Financial Services Limited (Registered number: SC352131)

Notes to the Abbreviated Accounts
for the Year Ended 31 May 2015

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 businesses in 2009 and 2012, is being
amortised evenly over its estimated useful life of 10 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 June 2014
and 31 May 2015 560,000
AMORTISATION
At 1 June 2014 263,000
Amortisation for year 56,000
At 31 May 2015 319,000
NET BOOK VALUE

At 31 May 2015 241,000
At 31 May 2014 297,000

J M Taylor Financial Services Limited (Registered number: SC352131)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 May 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2014 34,828
Additions 4,059
Disposals (2,357 )
At 31 May 2015 36,530
DEPRECIATION
At 1 June 2014 22,520
Charge for year 5,122
Eliminated on disposal (2,025 )
At 31 May 2015 25,617
NET BOOK VALUE
At 31 May 2015 10,913
At 31 May 2014 12,308

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.15 31.5.14
value: £    £   
42,000 Ordinary 1 42,000 42,000

5. RELATED PARTY DISCLOSURES

During the year the director Mr A Benson received net dividends totalling £30,600 from the company.