J. J. Applications Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04464311 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

J. J. APPLICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J J Boyd

SECRETARY:

Mrs M C Boyd

REGISTERED OFFICE:

150 Letchworth Road

Western Park

Leicester

LE3 6FH

REGISTERED NUMBER:

04464311 (England and Wales)

ACCOUNTANTS:

SFB Group Limited

Chartered Accountants

Unit 8 Oak Spinney Park

Ratby Lane

Leicester Forest East

Leicester

LE3 3AW

BANKERS:

The Co-operative Bank PLC

PO BOX 250

Skelmersdale

WN8 6WT

FIXED ASSETS

Tangible assets

4

3,698

3,194

CURRENT ASSETS

Cash at bank

9,752

12,313

CREDITORS

Amounts falling due within one year

5

10,734

12,389

NET CURRENT LIABILITIES

(982

)

(76

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,716

3,118

PROVISIONS FOR LIABILITIES

697

607

NET ASSETS

2,019

2,511

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,018

2,510

SHAREHOLDERS' FUNDS

2,019

2,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Profit and loss has not been delivered.

The financial statements were approved by the director on 25 March 2019 and were signed by:

J J Boyd - Director

1.	STATUTORY INFORMATION

J. J. Applications Limited is a private company, limited by shares , registered in England and Wales. 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

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance

with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary

for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using

either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant and machinery

- 15% on reducing balance

Fixtures and fittings

- 15% on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate,

or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by by comparing the proceeds with the carrying amount and are recognised

in profit or loss.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other

comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or

directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the

Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the

reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by

the balance sheet date.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are

initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt

instrument is measured at the present value of the future payments discounted at a market rate of interest. Such

instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other

short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are

readily convertible to known

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 July 2017

11,727

4,498

16,225

Additions

-

1,124

1,124

At 30 June 2018

11,727

5,622

17,349

DEPRECIATION

At 1 July 2017

10,622

2,409

13,031

Charge for year

166

454

620

At 30 June 2018

10,788

2,863

13,651

NET BOOK VALUE

At 30 June 2018

939

2,759

3,698

At 30 June 2017

1,105

2,089

3,194

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

7,528

8,575

VAT

1,628

2,329

Directors' current accounts

103

10

Accruals and deferred income

1,475

1,475

10,734

12,389

6.	RELATED PARTY DISCLOSURES

Included in other creditors is £103 (2017 - £10), owed to the director of the company.

7.	ULTIMATE CONTROLLING PARTY

J J Boyd, the director of the company owns 100% of the issued share capital.