JB Professional Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06981065 (England and Wales)

Financial Statements for the Year Ended 31 January 2020

for

JB Professional Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Ball

REGISTERED OFFICE:

23 Caroline Close

Alvaston

Derby

Derbyshire

DE24 0QX

REGISTERED NUMBER:

06981065 (England and Wales)

ACCOUNTANTS:

NRB Accountancy Limited

33A High Street

Belper

Derbyshire

DE56 1GF

FIXED ASSETS

Tangible assets

4

1,906

2,541

CURRENT ASSETS

Debtors

5

1,265

525

Cash at bank

11,137

8,445

12,402

8,970

CREDITORS

Amounts falling due within one year

6

11,622

10,684

NET CURRENT ASSETS/(LIABILITIES)

780

(1,714

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,686

827

PROVISIONS FOR LIABILITIES

362

483

NET ASSETS

2,324

344

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,323

343

SHAREHOLDERS' FUNDS

2,324

344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 and authorised for issue on 15 October 2020 and were signed by:

J Ball - Director

1.	STATUTORY INFORMATION

JB Professional Services Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2019

and 31 January 2020

6,569

DEPRECIATION

At 1 February 2019

4,028

Charge for year

635

At 31 January 2020

4,663

NET BOOK VALUE

At 31 January 2020

1,906

At 31 January 2019

2,541

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Trade debtors

1,265

525

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Tax

3,311

2,894

Directors' loan accounts

8,071

7,550

Accrued expenses

240

240

11,622

10,684

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director, Mr J Ball, introduced funds to and withdrew funds from the company by way of a directors loan account. This loan is interest free and repayable upon demand. At the year end the company owed the director £8,071 (2019: £7,550) and this amount is included in creditors.