J M Taylor Financial Services Limited - Accounts to registrar (filleted) - small 17.3

J M Taylor Financial Services Limited - Accounts to registrar (filleted) - small 17.3


IRIS Accounts Productionv17.3.1.106SC352131Board of Directors1.6.1631.5.1731.5.17falsetruefalsefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3521312016-05-31SC3521312017-05-31SC3521312016-06-012017-05-31SC3521312015-05-31SC3521312015-06-012016-05-31SC3521312016-05-31SC352131ns15:Scotland2016-06-012017-05-31SC352131ns14:PoundSterling2016-06-012017-05-31SC352131ns10:Director12016-06-012017-05-31SC352131ns10:PrivateLimitedCompanyLtd2016-06-012017-05-31SC352131ns10:SmallEntities2016-06-012017-05-31SC352131ns10:AuditExempt-NoAccountantsReport2016-06-012017-05-31SC352131ns10:SmallCompaniesRegimeForDirectorsReport2016-06-012017-05-31SC352131ns10:SmallCompaniesRegimeForAccounts2016-06-012017-05-31SC352131ns10:FullAccounts2016-06-012017-05-31SC35213112016-06-012017-05-31SC352131ns10:Director22016-06-012017-05-31SC352131ns10:Director32016-06-012017-05-31SC352131ns10:Director42016-06-012017-05-31SC352131ns10:RegisteredOffice2016-06-012017-05-31SC352131ns5:CurrentFinancialInstruments2017-05-31SC352131ns5:CurrentFinancialInstruments2016-05-31SC352131ns5:ShareCapital2017-05-31SC352131ns5:ShareCapital2016-05-31SC352131ns5:RetainedEarningsAccumulatedLosses2017-05-31SC352131ns5:RetainedEarningsAccumulatedLosses2016-05-31SC352131ns5:NetGoodwill2016-06-012017-05-31SC352131ns5:IntangibleAssetsOtherThanGoodwill2016-06-012017-05-31SC352131ns5:PlantMachinery2016-06-012017-05-31SC352131ns5:NetGoodwill2016-05-31SC352131ns5:NetGoodwill2017-05-31SC352131ns5:NetGoodwill2016-05-31SC352131ns5:PlantMachinery2016-05-31SC352131ns5:PlantMachinery2017-05-31SC352131ns5:PlantMachinery2016-05-31SC352131ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-05-31SC352131ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-05-31


REGISTERED NUMBER: SC352131(Scotland)















Financial Statements for the Year Ended 31 May 2017

for

J M Taylor Financial Services Limited

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






Contents of the Financial Statements
for the Year Ended 31 May 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J M Taylor Financial Services Limited

Company Information
for the Year Ended 31 May 2017







DIRECTORS: A Benson
Ms G D Crighton
S Middleton
Mrs K Creighton





REGISTERED OFFICE: Citygate
Blackburn Business Park
Blackburn
Aberdeen
AB21 0PS





REGISTERED NUMBER: SC352131(Scotland)





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

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

Balance Sheet
31 May 2017

31.5.17 31.5.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 129,000 185,000
Property, plant and equipment 5 14,349 19,597
143,349 204,597

CURRENT ASSETS
Debtors 6 189,869 203,818
Cash at bank and in hand 539,708 562,843
729,577 766,661
CREDITORS
Amounts falling due within one year 7 389,149 630,000
NET CURRENT ASSETS 340,428 136,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,777

341,258

PROVISIONS FOR LIABILITIES 2,726 3,919
NET ASSETS 481,051 337,339

CAPITAL AND RESERVES
Called up share capital 42,000 42,000
Retained earnings 439,051 295,339
SHAREHOLDERS' FUNDS 481,051 337,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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)

Balance Sheet - continued
31 May 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 February 2018and were signed on its behalf
by:





Ms G D Crighton- Director


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

Notes to the Financial Statements
for the Year Ended 31 May 2017

1. STATUTORY INFORMATION

J M Taylor Financial Services Limited is a private company, limited by shares, registered in Scotland. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

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

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12.

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2016
and 31 May 2017 560,000
AMORTISATION
At 1 June 2016 375,000
Charge for year 56,000
At 31 May 2017 431,000
NET BOOK VALUE
At 31 May 2017 129,000
At 31 May 2016 185,000

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 June 2016 38,937
Additions 2,771
Disposals (809 )
At 31 May 2017 40,899
DEPRECIATION
At 1 June 2016 19,340
Charge for year 8,019
Eliminated on disposal (809 )
At 31 May 2017 26,550
NET BOOK VALUE
At 31 May 2017 14,349
At 31 May 2016 19,597

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade debtors 8,883 8,883
Other debtors 180,986 194,935
189,869 203,818

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

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade creditors 40,652 39,547
Taxation and social security 60,648 41,256
Other creditors 287,849 549,197
389,149 630,000

8. ULTIMATE CONTROLLING PARTY

The controlling party and the ultimate controlling party are not known.