JCPII Limited,Ltd - AccountsLtd - Accounts

JCPII Limited,Ltd - AccountsLtd - Accounts


2019-04-01 05750972 2020-03-31 05750972 2019-04-01 2020-03-31 05750972 2019-03-31 05750972 2018-04-01 2019-03-31 05750972 uk-core:WithinOneYear 2019-03-31 05750972 uk-core:WithinOneYear 2020-03-31 05750972 uk-core:ShareCapital 2020-03-31 05750972 uk-core:ShareCapital 2019-03-31 05750972 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 05750972 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 05750972 uk-bus:Director1 2019-04-01 2020-03-31 05750972 uk-core:ShipsBoats 2019-04-01 2020-03-31 05750972 uk-core:FurnitureFittings 2019-04-01 2020-03-31 iso4217:GBP xbrli:pure 05750972 uk-bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 05750972 uk-bus:FRS102 2019-04-01 2020-03-31 05750972 uk-bus:FullAccounts 2019-04-01 2020-03-31 05750972 uk-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
JCPII Limited
Registered Number:05750972
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2020
JCPII Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05750972
As at 31 March 2020
JCPII Limited
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
5,663
5,735
2
5,663
5,735
Current assets
Trade and other receivables
102,611
81,196
3
176,014
Cash and cash equivalents
258,062
339,258
278,625
Trade and other payables: amounts falling due within one
year
(211,698)
(253,888)
4
66,927
85,370
Net current assets
Total assets less current liabilities
91,033
72,662
(1,000)
(3,500)
Provisions for liabilities
90,033
Net assets
69,162
Capital and reserves
Called up share capital
95
95
Retained earnings
89,938
69,067
90,033
69,162
Shareholders' funds
For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr D. De-Burgh Milne Director
These financial statements were approved and authorised for issue by the Board on 03 December 2020 and were signed by:
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4
Registered Number :
05750972
For the year ended 31 March 2020
JCPII Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2020
JCPII Limited
Notes to the Financial Statements
Statutory Information
JCPII Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05750972.
Registered address:
Omega Court
368 Cemetery Road
Sheffield
S11 8FT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Marine craft
25% Reducing balance
15% Reducing balance
Fixtures and fittings
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 March 2020
JCPII Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 April 2019
9,863
927
Additions
At 31 March 2020
10,790
Provision for depreciation and impairment
At 01 April 2019
4,128
Charge for year
999
At 31 March 2020
5,127
At 31 March 2020
Net book value
5,663
At 31 March 2019
5,735
3. Trade and other receivables
2019
2020
£
£
Trade debtors
81,188
102,611
Other debtors
8
-
102,611
81,196
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
110,955
68,631
Taxation and social security
139,183
139,500
Other creditors
3,750
3,567
253,888
211,698
5. Related party transactions
The directors are also shareholders of the company. Dividends paid to the directors, as shareholders of the
company, during the year (with the previous year shown in brackets) were as follows: Mr D. de Burgh-Milne
£198,300 (£160,150); Mr J.T. Dakin £12,000 (£32,050); Mr P. Rowson £44,150 (£Nil).
6. Average number of persons employed
During the year the average number of employees was 3 (2019 : 3)
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7
For the year ended 31 March 2020
JCPII Limited
Notes to the Financial Statements Continued
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