Registered Number 05911734
J. POWER PHOTOGRAPHY LTD
Abbreviated Accounts
31 August 2014
Notes | 2014 | 2013 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
|
|
Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
( |
|
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
( |
|
|
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 not withstanding the Losses incurred and accumulated. The director; who is the principal creditor; has undertaken not to request the repayment of his loan account to the detriment of the Company's liquidity. He considers that the Company will be able to meet its other financial commitments satisfactorily during the ensuing 12 months.
Turnover policy
Tangible assets depreciation policy
Other accounting policies
Stocks are valued at the lower of cost or net realisable value.
DEFERRED TAXATION.
Provision for deferred tax is made under the Liability Method on ll timing differences.
£ | |
---|---|
Cost | |
At 1 September 2013 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 August 2014 |
|
Depreciation | |
At 1 September 2013 |
|
Charge for the year |
|
On disposals |
|
At 31 August 2014 |
|
Net book values | |
At 31 August 2014 | 11,500 |
At 31 August 2013 | 12,153 |