JCR Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC284249 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 November 2019

for

JCR Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J O'Keefe

SECRETARY:

T.C O'Keefe

REGISTERED OFFICE:

Unit 2,Huntershill Business Centre

25 Auchinairn Road

Bishopbriggs

Glasgow

G64 1RX

REGISTERED NUMBER:

SC284249 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

121 Moffat Street

Glasgow

G5 OND

FIXED ASSETS

Tangible assets

4

19,770

CURRENT ASSETS

Stocks

5

1,718,078

2,440,793

Debtors

6

794,939

769,114

Cash at bank and in hand

520

1,880

2,513,537

3,211,787

CREDITORS

Amounts falling due within one year

7

2,840,139

3,492,403

NET CURRENT LIABILITIES

(326,602

)

(280,616

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(306,832

)

(260,846

)

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

(306,932

)

(260,946

)

SHAREHOLDERS' FUNDS

(306,832

)

(260,846

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 and authorised for issue on 30 November 2020 and were signed
by:

J O'Keefe - Director

1.	STATUTORY INFORMATION

JCR Developments Limited is a private company, limited by shares , registered in Scotland. 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 December 2018

and 30 November 2019

44,217

2,377

46,594

DEPRECIATION

At 1 December 2018

and 30 November 2019

24,994

1,830

26,824

NET BOOK VALUE

At 30 November 2019

19,223

547

19,770

At 30 November 2018

19,223

547

19,770

5.

STOCKS

30.11.19

30.11.18

£

Stocks

1,718,078

2,440,793

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

Trade debtors

7,595

Loans Out

(8,381

)

(8,381

)

Pioneer Developments

590,383

589,383

Directors' current accounts

205,342

180,517

794,939

769,114

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

Bank loans and overdrafts

16,180

Creditors

79,194

53,281

Loans

2,576,215

3,254,392

Tax

7,896

Social security and other taxes

5,947

Accrued expenses

154,707

2,840,139

3,492,403

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.19

30.11.18

value:

£

100

Ordinary

£1

100

JCR Developments Limited - Accounts to registrar (filleted) - small 18.2

JCR Developments Limited - Accounts to registrar (filleted) - small 18.2