Abbreviated Company Accounts - JAMESQS LTD

Registered Number 06481154

JAMESQS LTD

Abbreviated Accounts

31 December 2015

JAMESQS LTD Registered Number 06481154

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	20,000	30,000
Tangible assets	3	24,980	25,340
		44,980	55,340
Current assets
Debtors		35,524	41,106
Cash at bank and in hand		35,355	22,195
		70,879	63,301
Creditors: amounts falling due within one year		(90,416)	(101,078)
Net current assets (liabilities)		(19,537)	(37,777)
Total assets less current liabilities		25,443	17,563
Provisions for liabilities		(188)	(160)
Total net assets (liabilities)		25,255	17,403
Capital and reserves
Called up share capital		200	200
Profit and loss account		25,055	17,203
Shareholders' funds		25,255	17,403

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 March 2016

And signed on their behalf by:
Mr I James, Director

JAMESQS LTD Registered Number 06481154

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the fair value of services provided during the period on client assignments excluding value added tax.

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

Plant and Machinery - 25% on reducing balance.
Computer Equipment - 33 % on cost.

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2008 is being amortized evenly over its estimated useful life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 January 2015	100,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	100,000
Amortisation
At 1 January 2015	70,000
Charge for the year	10,000
On disposals	-
At 31 December 2015	80,000
Net book values
At 31 December 2015	20,000
At 31 December 2014	30,000

3Tangible fixed assets

	£
Cost
At 1 January 2015	33,472
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	33,472
Depreciation
At 1 January 2015	8,132
Charge for the year	360
On disposals	-
At 31 December 2015	8,492
Net book values
At 31 December 2015	24,980
At 31 December 2014	25,340