JPM York Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05473318 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2019

for

JPM YORK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Munday

SECRETARY:

S. Lowe

REGISTERED OFFICE:

1, Leoline Close

Cowbridge

Vale of Glamorgan

CF71 7BU

REGISTERED NUMBER:

05473318 (England and Wales)

ACCOUNTANTS:

Hayvenhursts Accountancy

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

CURRENT ASSETS

Debtors

4

501

1,814

Cash at bank

52,244

31,606

52,745

33,420

CREDITORS

Amounts falling due within one year

5

(26,570

)

(15,941

)

NET CURRENT ASSETS

26,175

17,479

TOTAL ASSETS LESS CURRENT LIABILITIES

26,175

17,479

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

26,174

17,478

SHAREHOLDERS' FUNDS

26,175

17,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 5 February 2020 and were signed by:

J Munday - Director

1.	STATUTORY INFORMATION

JPM York 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of services supplied in the year.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 1 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

400

-

Other debtors

-

1,814

Prepayments

101

-

501

1,814

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

8,839

8,292

Director's loan

10,831

749

Accrued expenses

6,900

6,900

26,570

15,941

6.	ULTIMATE CONTROLLING PARTY

The company is under the control of the director.

7.	DIRECTORS LOAN ACCOUNT

Included in creditors is an amount due to the director, Mr J Munday of £10,832 (2018- £749).

This amount is interest free and repayable upon demand.