Registered Number 05911734
J. POWER PHOTOGRAPHY LTD
Abbreviated Accounts
31 August 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Provisions for liabilities |
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( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
GOING CONCERN BASIS
The accounts have been prepared on a Going Concern Basis despite the accumulated Losses.The director has agreed to withhold the repayment of his loan account in order to preserve the Company's liquidity. He is satisfied that the Company can continue to service the other creditors satisfactorily during the ensuing 12 months.
Turnover policy
Tangible assets depreciation policy
Other accounting policies
Provision when required is made for deferred taxation in respect of all timing differences expected to reverse in the foreseeable future, using the liability method. The full potential liability is £1,277.
£ | |
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Cost | |
At 1 September 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 August 2015 |
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Depreciation | |
At 1 September 2014 |
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Charge for the year |
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On disposals |
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At 31 August 2015 |
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Net book values | |
At 31 August 2015 | 10,190 |
At 31 August 2014 | 11,500 |