Registered Number 07347318

JUNCTION GAMES LIMITED

Abbreviated Accounts

31 August 2014

JUNCTION GAMES LIMITED Registered Number 07347318

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 30,000 30,000
Tangible assets 3 708 864
30,708 30,864
Current assets
Cash at bank and in hand 67 18
67 18
Creditors: amounts falling due within one year (10,704) (37,291)
Net current assets (liabilities) (10,637) (37,273)
Total assets less current liabilities 20,071 (6,409)
Creditors: amounts falling due after more than one year (25,922) -
Total net assets (liabilities) (5,851) (6,409)
Capital and reserves
Called up share capital 4 1 1
Profit and loss account (5,852) (6,410)
Shareholders' funds (5,851) (6,409)
  • For the year ending 31 August 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 May 2015

And signed on their behalf by:
Malick Mohamed Iqbal Rahman, Director

JUNCTION GAMES LIMITED Registered Number 07347318

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
INCOME
Income represents gross commission received from providing card services and Licence fee relating to the business at 16 Moreton Avenue, Isleworth, Middlesex, TW7 4NW.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an
asset, less its estimated residual value, over the useful
economic life of that asset as follows:

Fixtures & Fittings - 18% on reducing balance.

Other accounting policies
GOODWILL
Positive purchased goodwill arising on acquisitions is
capitalised, classified as an asset on the Balance Sheet and
amortised over its estimated useful life up to a maximum of 20
years. This length of time is presumed to be the maximum useful
life of purchased goodwill because it is difficult to make
projections beyond this period. Goodwill is reviewed for
impairment at the end of the first full financial year following
each acquisition and subsequently as and when necessary if
circumstances emerge that indicate that the carrying value may
not be recoverable.

All Fixed assets are initially recorded at cost.

2 Intangible fixed assets
£
Cost
At 1 September 2013 30,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2014 30,000
Amortisation
At 1 September 2013 0
Charge for the year -
On disposals -
At 31 August 2014 0
Net book values
At 31 August 2014 30,000
At 31 August 2013 30,000
3 Tangible fixed assets
£
Cost
At 1 September 2013 1,500
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2014 1,500
Depreciation
At 1 September 2013 636
Charge for the year 156
On disposals -
At 31 August 2014 792
Net book values
At 31 August 2014 708
At 31 August 2013 864

Depreciation is calculated so as to write off the cost of an
asset, less its estimated residual value, over the useful
economic life of that asset as follows:

Fixtures & Fittings - 18% on reducing balance.

4 Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
1 Ordinary shares of £1 each 1 1

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