J M Taylor Accountants Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC352132 (Scotland)

Abbreviated Accounts for the Year Ended 31 December 2015

for

J M Taylor Accountants Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms G D Crighton

R C Chalmers

A Benson

REGISTERED OFFICE:

7 Ythan Terrace

Ellon

ABERDEENSHIRE

AB41 9LJ

REGISTERED NUMBER:

SC352132 (Scotland)

FIXED ASSETS

Intangible assets

2

150,000

200,000

Tangible assets

3

29,240

42,579

Investments

4

1,052,628

-

1,231,868

242,579

CURRENT ASSETS

Debtors

499,293

463,898

Cash at bank and in hand

35,849

560,864

535,142

1,024,762

CREDITORS

Amounts falling due within one year

916,141

528,514

NET CURRENT (LIABILITIES)/ASSETS

(380,999

)

496,248

TOTAL ASSETS LESS CURRENT
LIABILITIES

850,869

738,827

PROVISIONS FOR LIABILITIES

5,324

8,213

NET ASSETS

845,545

730,614

CAPITAL AND RESERVES

Called up share capital

5

3

Profit and loss account

845,542

730,611

SHAREHOLDERS' FUNDS

845,545

730,614

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

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

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 31 December 2016 and were signed on its behalf
by:

Ms G D Crighton - Director

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 January 2015).

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 2015

and 31 December 2015

500,000

AMORTISATION

At 1 January 2015

300,000

Amortisation for year

50,000

At 31 December 2015

350,000

NET BOOK VALUE

At 31 December 2015

150,000

At 31 December 2014

200,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

93,572

Additions

2,516

At 31 December 2015

96,088

DEPRECIATION

At 1 January 2015

50,993

Charge for year

15,855

At 31 December 2015

66,848

NET BOOK VALUE

At 31 December 2015

29,240

At 31 December 2014

42,579

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

1,052,628

At 31 December 2015

1,052,628

NET BOOK VALUE

At 31 December 2015

1,052,628

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Michael Robb (Accountancy & Taxation Services) Ltd

Nature of business: Accountants

%

Class of shares:

holding

Ordinary

100.00

Jamiesons Book-keeping & Accountancy Limited

Nature of business: Accountants

%

Class of shares:

holding

Ordinary

100.00

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

3

Ordinary shares

1

3