Juralio_Ltd - Accounts

JURALIO LTD - Company Information

Print Friendly Version

Company Registration No. SC441468 (Scotland)

Juralio Ltd

(formerly J&L Technology Limited)

Abbreviated financial statements

for the year ended 31 January 2016

Juralio Ltd

(formerly J&L Technology Limited)

Contents

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated financial statements

3 - 4

Juralio Ltd

(Formerly J&L Technology Limited)

Abbreviated balance sheet

as at 31 January 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

132

150

Tangible assets

26,919

39,219

27,051

39,369

Current assets

Debtors

64,117

63,573

Cash at bank and in hand

165,857

145,641

229,974

209,214

Creditors: amounts falling due within one year

(8,972)

(3,138)

Net current assets

221,002

206,076

Total assets less current liabilities

248,053

245,445

Capital and reserves

Called up share capital

54,040

45,405

Share premium account

1,155,985

754,595

Profit and loss account

(961,972)

(554,555)

Shareholders' funds

248,053

245,445

Juralio Ltd

(Formerly J&L Technology Limited)

Abbreviated balance sheet (continued)

as at 31 January 2016

- 2 -

For the financial year ended 31 January 2016 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 27 October 2016

Graeme Johnston

Director

Company Registration No. SC441468

Juralio Ltd

(formerly J&L Technology Limited)

Notes to the abbreviated financial statements

for the year ended 31 January 2016

- 3 -

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 January 2015).

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

Trademarks

Trademarks are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives of 10 years.

1.5

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:

Computer equipment

3 years straight line

Fixtures, fittings & equipment

4 years straight line

Juralio Ltd

(formerly J&L Technology Limited)

Notes to the abbreviated financial statements (continued)

for the year ended 31 January 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 February 2015

175

58,287

58,462

Additions

6,173

At 31 January 2016

175

64,460

64,635

Depreciation

At 1 February 2015

19,068

19,093

Charge for the year

18,473

18,491

At 31 January 2016

37,541

37,584

Net book value

At 31 January 2016

132

26,919

27,051

At 31 January 2015

150

39,219

39,369

Share capital

2016

2015

Allotted, called up and fully paid

54,015 Ordinary A shares of £1 each

54,015

45,405

2,496 Ordinary B shares of 1p each

54,040

45,405

During the year a further 8,610 ordinary A shares of £1 were issued at a premium of £46.62 per share. 2,496 ordinary B shares of 1p were issued as disclosed in note 9.