Jupiter Visual Communications Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09041508 (England and Wales)

Financial Statements for the Period 1 April 2017 to 29 March 2018

for

JUPITER VISUAL COMMUNICATIONS LIMITED

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

B I H Moss

D J Snaith

REGISTERED OFFICE:

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

REGISTERED NUMBER:

09041508 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

CURRENT ASSETS

Stocks

4

1,487

1,487

Debtors

5

300,636

510,679

Cash in hand

1,281

23,466

303,404

535,632

CREDITORS

Amounts falling due within one year

6

(560,289

)

(453,171

)

NET CURRENT (LIABILITIES)/ASSETS

(256,885

)

82,461

TOTAL ASSETS LESS CURRENT LIABILITIES

(256,885

)

82,461

CREDITORS

Amounts falling due after more than one year

7

(254,815

)

(254,815

)

NET LIABILITIES

(511,700

)

(172,354

)

CAPITAL AND RESERVES

Called up share capital

9

100

1

Share premium

10

99

99

Retained earnings

10

(511,899

)

(172,454

)

SHAREHOLDERS' FUNDS

(511,700

)

(172,354

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 2018 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 26 March 2019 and were signed on its behalf by:

D J Snaith - Director

B I H Moss - Director

1.	STATUTORY INFORMATION

Jupiter Visual Communications 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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax

and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial

position 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 period 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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are

recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become

payable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2017 - 8 ) .

4.

STOCKS

29.3.18

31.3.17

£

£

Finished goods

1,487

1,487

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.18

31.3.17

£

£

Trade debtors

300,636

497,890

Other debtors

-

12,789

300,636

510,679

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.18

31.3.17

£

£

Bank loans and overdrafts (see note 8)

-

207,127

Trade creditors

169,725

139,170

lloyds factoring account

216,781

-

Social security and other taxes

15,443

23,236

VAT

10,338

-

Other creditors

132,002

8,680

Accruals and deferred income

16,000

74,958

560,289

453,171

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.3.18

31.3.17

£

£

Amounts owed to group undertakings

254,815

254,815

8.

LOANS

An analysis of the maturity of loans is given below:

29.3.18

31.3.17

£

£

Amounts falling due within one year or on demand:

Bank loans

-

207,127

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

29.3.18

31.3.17

value:

£

£

170

A class ordinary shares

50p

85

1

30

B class ordinary shares

50p

15

-

100

1

The following shares were issued during the period for cash at par :

170 Ordinary A shares of 50p

30 Ordinary B shares of 50p

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2017

(172,454

)

99

(172,355

)

Deficit for the period

(339,445

)

(339,445

)

At 29 March 2018

(511,899

)

99

(511,800

)

11.	RELATED PARTY DISCLOSURES

Transactions with related parties

During the period the company entered into the following transactions with related parties:

Name of related party

Nature of relationship

Call Print Services Limited

Associates

Description of Transaction

Income

Payment

2018

2017

2018

2017

£

£

£

£

Call Print Services Limited

Management Fees

-

-

-

65,000

Amounts owed to/by related parties

The following amounts were outstanding at the reporting end date:

Amount owed to

Amount owed by

2018

2017

2018

2017

£

£

£

£

Call Print Express Limited

15,498

15,498

13,170

13,170

Call Print Group Limited

187,521

187,521

-

-

Call Print Services Limited

65,000

65,000

-

-

Intercompany loan's are waived as part of the share purchases agreement. The amounts due as of the balance sheet date was

£254,849.