JPJ Events Limited - Period Ending 2020-04-30

JPJ Events Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

JPJ Events Limited

Company Information

Directors

J E Clark J E Clark

Registered office

3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers

HSBC Great Square Braintree Essex CM7 7UE

Accountants

Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

JPJ Events Limited

(Registration number: 10112015)
Balance Sheet as at 30 April 2020

	2020 £	2019 £
Fixed assets	14,924	9,969
Current assets	209,816	180,629
Prepayments and accrued income	3,456	64
Creditors: Amounts falling due within one year	(122,422)	(42,613)
Net current assets	90,850	138,080
Total assets less current liabilities	105,774	148,049
Accruals and deferred income	(27,579)	(99,146)
	78,195	48,903
Capital and reserves	78,195	48,903

For the financial year ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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 micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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.

Approved and authorised by the Board on 14 December 2020 and signed on its behalf by:
 

.........................................

J E Clark
Director

JPJ Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2020

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, United Kingdom.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Reclassification of comparative amounts

The recognition of revenue has moved from a deposit based model to a provision of services model. As a result, monies received which had been previously recognised as a first and secondary deposit are now deemed as revenue arising from reserving a specified date and for planning an itinerary. The obligation of the sale is met when the payment is received.

Revenue of £90,833.33 has been transferred from current liabilities, to reflect the change in policy.

The comparative figures shown in these financial statements have been amended to transfer £89,333.33 from current liabilities to revenue.

The change in accounting policy has led to an increased corporation tax charge, recognised fully in the financial statements ended 30 April 2020.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2019 - 7).

3	Related party transactions

Transactions with directors

2020	At 1 May 2019 £	Advances to directors £	Repayments by director £	At 30 April 2020 £
	28,164	79,107	(59,332)	47,939

2019	At 1 May 2018 £	Advances to directors £	Repayments by director £	At 30 April 2019 £
	(39,509)	221,404	(153,731)	28,164

JPJ Events Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2020

4	Effects of COVID-19

The directors have considered the potential impact of COVID-19 on JPJ Events Limited. As a result, they are implementing processes to ensure the business continues to operate effectively. The business has received support via Government schemes, such as the Retail, Hospitality and Leisure Grant and the Job Retention Scheme. The directors believe the company has sufficient resources to see it through the crisis.