ACCOUNTS - Final Accounts


Caseware UK (AP4) 2019.0.131 2019.0.131 2020-03-312020-03-312019-04-01falseNo description of principal activity1314truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 1336443 2019-04-01 2020-03-31 1336443 2018-04-01 2019-03-31 1336443 2020-03-31 1336443 2019-03-31 1336443 1 2019-04-01 2020-03-31 1336443 d:Director3 2019-04-01 2020-03-31 1336443 d:Director4 2019-04-01 2020-03-31 1336443 c:Buildings c:ShortLeaseholdAssets 2019-04-01 2020-03-31 1336443 c:Buildings c:ShortLeaseholdAssets 2020-03-31 1336443 c:Buildings c:ShortLeaseholdAssets 2019-03-31 1336443 c:OfficeEquipment 2019-04-01 2020-03-31 1336443 c:OfficeEquipment 2020-03-31 1336443 c:OfficeEquipment 2019-03-31 1336443 c:OfficeEquipment c:OwnedOrFreeholdAssets 2019-04-01 2020-03-31 1336443 c:OwnedOrFreeholdAssets 2019-04-01 2020-03-31 1336443 c:CurrentFinancialInstruments 2020-03-31 1336443 c:CurrentFinancialInstruments 2019-03-31 1336443 c:CurrentFinancialInstruments c:WithinOneYear 2020-03-31 1336443 c:CurrentFinancialInstruments c:WithinOneYear 2019-03-31 1336443 c:ShareCapital 2020-03-31 1336443 c:ShareCapital 2019-03-31 1336443 c:RetainedEarningsAccumulatedLosses 2020-03-31 1336443 c:RetainedEarningsAccumulatedLosses 2019-03-31 1336443 d:OrdinaryShareClass1 2019-04-01 2020-03-31 1336443 d:OrdinaryShareClass1 2020-03-31 1336443 d:OrdinaryShareClass1 2019-03-31 1336443 d:FRS102 2019-04-01 2020-03-31 1336443 d:AuditExempt-NoAccountantsReport 2019-04-01 2020-03-31 1336443 d:FullAccounts 2019-04-01 2020-03-31 1336443 d:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 1336443 2 2019-04-01 2020-03-31 1336443 7 2019-04-01 2020-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 1336443









JENNIE REEVES RADIOGRAPHERS AGENCY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2020

 
JENNIE REEVES RADIOGRAPHERS AGENCY LIMITED
REGISTERED NUMBER: 1336443

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2020

2020
2019
Note
£
£

Fixed assets
  

Tangible assets
 4 
67,972
93,424

Current assets
  

Debtors: amounts falling due within one year
 5 
364,898
523,568

Cash at bank and in hand
 6 
281,807
329,474

  
646,705
853,042

Creditors: amounts falling due within one year
 7 
(296,980)
(335,010)

Net current assets
  
 
 
349,725
 
 
518,032

Total assets less current liabilities
  
417,697
611,456

  

Net assets
  
417,697
611,456


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
417,597
611,356

  
417,697
611,456


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 June 2020.





Page 1

 
JENNIE REEVES RADIOGRAPHERS AGENCY LIMITED
REGISTERED NUMBER: 1336443
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2020


P Sprinz
V Brown
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JENNIE REEVES RADIOGRAPHERS AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1.


General information

Jennie Reeves Radiographers Agency Limited is a private company limited by shares and domiciled in England and Wales.The registered office is at Priory House, 45-51 High Street, Reigate, Surrey RH2 9AE.. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

The directors have considered the financial resources available along with the future plans for the Company when considering the going concern of the Company. After making enquiries, the directors have a reasonable expectation that the Company will have access to adequate resources to continue in operational existence for the foreseeable future given the cash balance and net assets. Accordingly, they continue to adopt the going concern basis in the preparation of the financial statements..

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
JENNIE REEVES RADIOGRAPHERS AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold land and buildings
-
10% straight line
Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
JENNIE REEVES RADIOGRAPHERS AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Statement of financial position date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Statement of financial position date.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2019 - 14).

Page 5

 
JENNIE REEVES RADIOGRAPHERS AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

4.


TANGIBLE FIXED ASSETS





S/Term Leasehold Property
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2019
225,595
200,265
425,860



At 31 March 2020

225,595
200,265
425,860



Depreciation


At 1 April 2019
135,390
197,046
332,436


Charge for the year on owned assets
22,560
2,892
25,452



At 31 March 2020

157,950
199,938
357,888



Net book value



At 31 March 2020
67,645
327
67,972



At 31 March 2019
90,205
3,219
93,424




The net book value of land and buildings may be further analysed as follows:


2020
2019
£
£

Short leasehold
67,645
90,205


Page 6

 
JENNIE REEVES RADIOGRAPHERS AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

5.


Debtors

2020
2019
£
£


Trade debtors
329,328
469,579

Other debtors
3,931
29,741

Prepayments
31,639
24,248

364,898
523,568



6.


Cash and cash equivalents

2020
2019
£
£

Cash at bank and in hand
281,807
329,474



7.


Creditors: Amounts falling due within one year

2020
2019
£
£

Trade creditors
2,927
4,204

Other taxation and social security
117,519
142,511

Other creditors
102,677
68,161

Accruals and deferred income
73,857
120,134

296,980
335,010



8.


Share capital

2020
2019
£
£
Allotted, called up and fully paid



100 (2019 - 100) Ordinary shares of £1.00 each
100
100


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £17,648 (2019 - £15,631). Contributions totalling £1,749 (2019 - £2,436 were payable to the fund at the reporting date and are included in creditors.

Page 7

 
JENNIE REEVES RADIOGRAPHERS AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

10.


Post balance sheet events

The global outbreak of COVID-19 is deemed to be a non-adjusting subsequent event for the Company as at 30 April 2020.  At the date of signing these financial statements there has been a material changes in the underlying performance of the Company . As such the directors are unable to determine or quantify in full, at this time, the financial and reporting impact of this global crisis and note this may have a material impact on the performance of the company in the future.
 

 
Page 8