MORRIS_JACKSON_&_ANGEL-ET - Accounts
MORRIS_JACKSON_&_ANGEL-ET - Accounts
Company Registration No. 04857978 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(143,108 )
(168,456 )
Net current assets
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Share premium account
Profit and loss account
(447,079 )
(410,573 )
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 12 April 2016
Director
Company Registration No. 04857978
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Turnover
1.3
Tangible fixed assets and depreciation
Computer equipment
Fixtures, fittings & equipment
Motor vehicles
1.4
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.5
Stock
Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for the sale of goods.
1.6
Revenue recognition
Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for the sale of goods.
1.7
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
1.8
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014
61,910
Disposals
(14,300)
At 31 December 2014
47,610
Depreciation
At 1 January 2014
48,091
On disposals
(11,755)
Charge for the year
2,238
At 31 December 2014
38,574
Net book value
At 31 December 2014
9,036
At 31 December 2013
13,819
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
4
Transactions with directors
The following directors had interest free loans during the year. The movement on these loans are as follows:
Amount outstanding
Maximum
2014
2013
in year
£
£
£
Director's current account
137,172
66,242
137,172