PaulJ Jardine Engineering Consultancy Lt - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06176779 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

Paul J Jardine Engineering Consultancy

Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

P J Jardine

REGISTERED OFFICE:

Unit 1

58 Low friar Street

Newcastle

NE1 5UE

REGISTERED NUMBER:

06176779 (England and Wales)

ACCOUNTANTS:

My Accountant Friend

The Great Barn

White House Farm

Gaddesden Row

Hemel Hempstead

HP2 6HG

FIXED ASSETS

Tangible assets

4

-

1

CURRENT ASSETS

Debtors

5

17,437

27,848

Cash at bank

60,257

33,348

77,694

61,196

CREDITORS

Amounts falling due within one year

6

67,412

63,963

NET CURRENT ASSETS/(LIABILITIES)

10,282

(2,767

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,282

(2,766

)

CAPITAL AND RESERVES

Called up share capital

3

2

Retained earnings

10,279

(2,768

)

SHAREHOLDERS' FUNDS

10,282

(2,766

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 March 2021 and were signed by:

P J Jardine - Director

1.	STATUTORY INFORMATION

Paul J Jardine Engineering Consultancy Limited 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.

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2019

and 30 June 2020

2,825

3,197

6,022

DEPRECIATION

At 1 July 2019

2,824

3,197

6,021

Charge for year

1

-

1

At 30 June 2020

2,825

3,197

6,022

NET BOOK VALUE

At 30 June 2020

-

-

-

At 30 June 2019

1

-

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade debtors

-

8,929

Other debtors

-

18,919

Directors' current accounts

17,437

-

17,437

27,848

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Tax

52,165

53,005

Social security and other taxes

705

64

VAT

13,318

9,670

Accrued expenses

1,224

1,224

67,412

63,963

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2020 and 30 June 2019:

30.6.20

30.6.19

£

£

P J Jardine

Balance outstanding at start of year

-

-

Amounts advanced

17,437

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,437

-

The loan to the Director was repaid in full within 9 months of the company year end, therefore no S455 taxes have been accounted for.