JC Draughting Limited Filleted accounts for Companies House (small and micro)

JC DRAUGHTING LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2017-08-01 Sage Accounts Production Advanced 2018 - FRS 3,824 2,229 399 2,628 1,196 1,595 xbrli:pure xbrli:shares iso4217:GBP SC304864 2017-08-01 2018-07-31 SC304864 2018-07-31 SC304864 2017-07-31 SC304864 2016-08-01 2017-07-31 SC304864 2017-07-31 SC304864 core:FurnitureFittings 2017-08-01 2018-07-31 SC304864 bus:Director1 2017-08-01 2018-07-31 SC304864 core:FurnitureFittings 2017-07-31 SC304864 core:FurnitureFittings 2018-07-31 SC304864 core:WithinOneYear 2018-07-31 SC304864 core:WithinOneYear 2017-07-31 SC304864 core:ShareCapital 2018-07-31 SC304864 core:ShareCapital 2017-07-31 SC304864 core:RetainedEarningsAccumulatedLosses 2018-07-31 SC304864 core:RetainedEarningsAccumulatedLosses 2017-07-31 SC304864 core:FurnitureFittings 2017-07-31 SC304864 bus:SmallEntities 2017-08-01 2018-07-31 SC304864 bus:AuditExemptWithAccountantsReport 2017-08-01 2018-07-31 SC304864 bus:FullAccounts 2017-08-01 2018-07-31 SC304864 bus:SmallCompaniesRegimeForAccounts 2017-08-01 2018-07-31 SC304864 bus:PrivateLimitedCompanyLtd 2017-08-01 2018-07-31

COMPANY REGISTRATION NUMBER: SC304864

JC Draughting Limited

Filleted Unaudited Financial Statements

For the year ended

31 July 2018

JC Draughting Limited

Financial Statements

Year ended 31 July 2018

Contents	Page

Balance sheet	1

Notes to the financial statements	3

JC Draughting Limited

Balance Sheet

31 July 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	4		1,196	1,595

Current assets

Debtors	5	78	2,285
Cash at bank and in hand		12,807	31,980
		--------	--------
		12,885	34,265

Creditors: amounts falling due within one year	6	13,922		31,422
		--------		--------
Net current (liabilities)/assets			( 1,037)	2,843
			-------	-------
Total assets less current liabilities			159	4,438
			----	-------
Net assets			159	4,438
			----	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	59	4,338
	----	-------
Shareholder funds	159	4,438
	----	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

JC Draughting Limited

Balance Sheet (continued)

31 July 2018

These financial statements were approved by the board of directors and authorised for issue on 29 April 2019 , and are signed on behalf of the board by:

Mr J A Calder
Director

Company registration number: SC304864

JC Draughting Limited

Notes to the Financial Statements

Year ended 31 July 2018

1. General information

JC Draughting Limited is a private company, limited by shares, registered in Scotland. The company's registered office is 31 Alexandra Drive, Paisley, Renfrewshire, PA2 9DS. The financial statements are presented in Sterling (£).

2. Accounting policies

Basis of preparation

The 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. There were no material departures from the standard. The financial statements have been prepared under the historical cost convention

Going concern

The financial statements have been prepared on a going concern basis. The validity of this is dependent on the continued support of the director who considers that it is appropriate to prepare the financial statements on a going concern basis.

Turnover

Turnover represents the invoice value of services rendered in the year, exclusive of value added tax. The company's policy is to recognise income when substantively all risks and rewards in connection with the services have been passed to the buyer.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the director considers it to be more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the average tax rates which would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date. With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

Tangible assets

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

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

	Fixtures & equipment	-	25% reducing balance

Financial instruments

The company only has financial assets and liabilities of a kind which qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2017: 2 ).

4. Tangible assets

	Fixtures & equipment	Total
	£	£

Cost
At 1 August 2017 and 31 July 2018	3,824	3,824
	-------	-------
Depreciation
At 1 August 2017	2,229	2,229
Charge for the year	399	399
	-------	-------
At 31 July 2018	2,628	2,628
	-------	-------
Carrying amount
At 31 July 2018	1,196	1,196
	-------	-------
At 31 July 2017	1,595	1,595
	-------	-------

5. Debtors

	2018	2017
	£	£

Trade debtors	–	2,285
Other debtors	78	–
	----	-------
	78	2,285
	----	-------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£

Trade creditors	180	360
Corporation tax	2,650	8,615
Social security and other taxes	3,237	3,317
Other creditors	7,855	19,130
	--------	--------
	13,922	31,422
	--------	--------