JBD Computing Limited 05/04/2018 iXBRL

JBD COMPUTING LIMITED - Company Information

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Company registration number: 02786704

JBD Computing Limited

Unaudited filleted financial statements

05 April 2018

JBD Computing Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

JBD Computing Limited

Directors and other information


	Director	Mr J B Dawe


	Secretary	Mrs A L Dawe


	Company number	02786704


	Registered office	River Bank
		Breinton Common
		Hereford
		HR4 7PR


	Accountants	Hicks and Company
		Chartered Accountants
		Vaughan Chambers
		Vaughan Road
		Harpenden
		Hertfordshire
		AL5 4EE

JBD Computing Limited

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of JBD Computing Limited

Year ended 5 April 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JBD Computing Limited for the year ended 5 April 2018 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.

This report is made solely to the director of JBD Computing Limited, as a body, in accordance with the terms of our engagement letter dated 27 March 2018. Our work has been undertaken solely to prepare for your approval the financial statements of JBD Computing Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JBD Computing Limited and its director as a body for our work or for this report.

It is your duty to ensure that JBD Computing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JBD Computing Limited. You consider that JBD Computing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JBD Computing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

Hertfordshire

AL5 4EE

19 June 2019

JBD Computing Limited

Statement of financial position

5 April 2018

		2018		2017
	Note	£	£	£	£

Fixed assets
Tangible assets	5	552		736
		_______		_______
			552		736

Current assets
Debtors	6	8,206		13,724
Cash at bank and in hand		34,217		20,487
		_______		_______
		42,423		34,211
Creditors: amounts falling due
within one year	7	( 40,278)		( 34,895)
		_______		_______
Net current assets/(liabilities)			2,145		( 684)
			_______		_______
Total assets less current liabilities			2,697		52

			_______		_______
Net assets			2,697		52
			_______		_______

Capital and reserves
Called up share capital			41		41
Profit and loss account			2,656		11
			_______		_______
Shareholders funds			2,697		52
			_______		_______

For the year ending 05 April 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 members have 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 19 June 2019 , and are signed on behalf of the board by:

Mr J B Dawe

Director

Company registration number: 02786704

JBD Computing Limited

Notes to the financial statements

Year ended 5 April 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is River Bank, Breinton Common, Hereford, HR4 7PR.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

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

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

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

5. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 6 April 2017 and 5 April 2018	9,463	9,463
	_______	_______
Depreciation
At 6 April 2017	8,727	8,727
Charge for the year	184	184
	_______	_______
At 5 April 2018	8,911	8,911
	_______	_______
Carrying amount
At 5 April 2018	552	552
	_______	_______
At 5 April 2017	736	736
	_______	_______

6. Debtors

	2018	2017
	£	£
Other debtors	8,206	13,724
	_______	_______

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	1,314	1,848
Corporation tax	11,412	9,329
Social security and other taxes	24,177	15,331
Other creditors	3,375	8,387
	_______	_______
	40,278	34,895
	_______	_______

8. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2018
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr J B Dawe	13,724	-	( 13,769)	( 45)
		_______	_______	_______	_______

2017
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr J B Dawe	( 40)	13,764	-	13,724
		_______	_______	_______	_______

9. Controlling party

The company was controlled throughout the current and previous period by J Dawe.