Just Employment Limited - Period Ending 2019-11-30
Just Employment Limited - Period Ending 2019-11-30
Registration number:
Just Employment Limited
for the Year Ended 30 November 2019
Ashcombe Court
Woolsack Way
Godalming
Surrey
GU7 1LQ
Just Employment Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Just Employment Limited
Company Information
Directors |
H E Phillips R A O'Connell |
Company secretary |
H E Phillips |
Registered office |
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Accountants |
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Page 1 |
Just Employment Limited
(Registration number: 03677339)
Balance Sheet as at 30 November 2019
Note |
2019 |
2018 |
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Fixed assets |
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Intangible assets |
- |
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Tangible assets |
|
|
|
|
|
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Current assets |
|||
Debtors |
|
|
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Cash at bank and in hand |
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|
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Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
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Net assets |
|
|
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Capital and reserves |
|||
Called up share capital |
75,002 |
75,002 |
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Capital redemption reserve |
25,001 |
25,001 |
|
Profit and loss account |
60,810 |
33,567 |
|
Total equity |
160,813 |
133,570 |
For the financial year ending 30 November 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Page 2 |
Just Employment Limited
(Registration number: 03677339)
Balance Sheet as at 30 November 2019
Approved and authorised by the
Director
Page 3 |
Just Employment Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2019
General information |
The company is a private company limited by share capital, incorporated in the United Kingdom and registered in England & Wales.
The address of its registered office and principal place of business is:
Accounting policies |
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover represents fees invoiced for services provided, together with related recoverable expenses, net of value added tax. Fees and their related recoverable expenses are credited to the profit and loss account on the basis of the work done in conjunction with the terms of the contract with the customer.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Page 4 |
Just Employment Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2019
2 |
Accounting policies (continued) |
Asset class |
Depreciation method and rate |
Furniture, fittings and equipment |
25% reducing balance |
Computer equipment |
25% reducing balance |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of 10 years.
Intellectual property rights
Intellectual property rights, being the amounts paid for the domain name and website of the business acquired in 2009, are being amortised evenly over their estimated useful life of 10 years.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Page 5 |
Just Employment Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2019
2 |
Accounting policies (continued) |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Summary of significant judgements and key accounting estimates
No significant judgements or estimates have been made in the preparation of these financial statements.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Intangible assets |
Goodwill |
Intellectual property rights |
Total |
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Cost or valuation |
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At 1 December 2018 |
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At 30 November 2019 |
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Amortisation |
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At 1 December 2018 |
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Amortisation charge |
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At 30 November 2019 |
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Carrying amount |
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At 30 November 2019 |
- |
- |
- |
At 30 November 2018 |
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Page 6 |
Just Employment Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2019
Tangible assets |
Computer equipment |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 December 2018 |
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Additions |
|
- |
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Disposals |
( |
( |
( |
At 30 November 2019 |
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Depreciation |
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At 1 December 2018 |
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Charge for the year |
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Eliminated on disposal |
( |
( |
( |
At 30 November 2019 |
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Carrying amount |
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At 30 November 2019 |
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At 30 November 2018 |
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Debtors |
2019 |
2018 |
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Trade debtors |
|
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Prepayments |
|
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Other debtors |
250 |
250 |
Amounts recoverable on contracts |
58,091 |
33,418 |
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Page 7 |
Just Employment Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2019
Creditors |
2019 |
2018 |
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Due within one year |
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Taxation and social security |
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Accruals |
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Other creditors |
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Corporation tax |
26,150 |
20,100 |
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Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
|||
No. |
£ |
No. |
£ |
|
Ordinary "A" shares of £1 each |
75,000 |
75,000 |
75,000 |
75,000 |
Ordinary "B" shares of £1 each |
1 |
1 |
1 |
1 |
Ordinary "D" shares of £1 each |
1 |
1 |
1 |
1 |
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|
|
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Page 8 |
Just Employment Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2019
Dividends |
Interim dividends paid
2019 |
2018 |
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Interim dividend of £ |
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Interim dividend of £ |
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Related party transactions |
Directors' remuneration
The directors' remuneration for the year was as follows:
2019 |
2018 |
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Remuneration |
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Parent and ultimate parent undertaking |
The ultimate controlling party is
Page 9 |