JPD Media Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 06390053

JPD Media Limited

Filleted Unaudited Financial Statements

31 March 2019

JPD Media Limited

Statement of Financial Position

31 March 2019

	2019		2018
Note	£	£	£

Fixed assets

Intangible assets	5	2,000	2,000
Tangible assets	6	1	1
		-------	-------
		2,001	2,001

Current assets

Debtors	7	–	11,139
Cash at bank and in hand		67	67
		----	--------
		67	11,206

Creditors: amounts falling due within one year	8	1,653		12,792
		-------		--------
Net current liabilities			1,586	1,586
			-------	-------
Total assets less current liabilities			415	415
			----	----
Net assets			415	415
			----	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	315	315
	----	----
Shareholders funds	415	415
	----	----

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 comprehensive income has not been delivered.

For the year ending 31 March 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

JPD Media Limited

Statement of Financial Position (continued)

31 March 2019

These financial statements were approved by the board of directors and authorised for issue on 18 December 2019 , and are signed on behalf of the board by:

Mr. J.P. Davies
Director

Company registration number: 06390053

JPD Media Limited

Notes to the Financial Statements

Year ended 31 March 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Rowans, 10 Village Farm, Bonvilston, Vale of Glamorgan, CF5 6TY.

2. Statement of compliance

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

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year or prior year.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

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

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

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

	Goodwill	-	10 years straight line

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

Tangible assets

Tangible assets are initially recorded at cost, and 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:

	Equipment	-	33% straight line

Impairment of fixed assets

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2018: 1 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2018 and 31 March 2019	20,000
	--------
Amortisation
At 1 April 2018 and 31 March 2019	18,000
	--------
Carrying amount
At 31 March 2019	2,000
	--------
At 31 March 2018	2,000
	--------

6. Tangible assets

	Equipment
	£
Cost
At 1 April 2018 and 31 March 2019	750
	----
Depreciation
At 1 April 2018 and 31 March 2019	749
	----
Carrying amount
At 31 March 2019	1
	----
At 31 March 2018	1
	----

7. Debtors

	2019	2018
	£	£
Other debtors	–	11,139
	----	--------

8. Creditors: amounts falling due within one year

	2019	2018
	£	£
Corporation tax	–	11,592
Other creditors	1,653	1,200
	-------	--------
	1,653	12,792
	-------	--------

9. Director's advances, credits and guarantees

10. Related party transactions

The company was under the control of the directors as disclosed on page 1 of the financial statements throughout the current and previous year.