Company No: SC232558 (Scotland)

Contents

• Company Information
• Accountant's Report
• Balance Sheet
• Notes to the Unaudited Financial Statements

DIRECTOR	Andrew Mark Johnson
SECRETARY	Trevor Johnson
REGISTERED OFFICE	16 Craighall Crescent
	Ellon
	Aberdeenshire
	AB41 9NR
	United Kingdom
COMPANY NUMBER	SC232558(Scotland)
ACCOUNTANT	Acumen Accountants & Advisors Limited
	Acumen House
	Grange Road
	Peterhead
	AB42 1WN

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JAP Consultants Limited for the financial year ended 31 August 2020 which comprises the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at _http://www.accaglobal.com/rulebook_.

It is your duty to ensure that JAP Consultants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of JAP Consultants Limited. You consider that JAP Consultants Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of JAP Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Director of JAP Consultants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of JAP Consultants Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at _http://www.accaglobal.com/factsheet163_. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JAP Consultants Limited and its Director as a body for our work or for this report.

Acumen Accountants & Advisors Limited
Accountants

Acumen House
Grange Road
Peterhead
AB42 1WN

28 May 2021

		31.08.2020		31.08.2019
	Note	£		£
Fixed assets
Tangible assets	4	55,049		55,049
		55,049		55,049
Current assets
Debtors	5	7,380		11,397
Cash at bank and in hand	6	330,137		199,803
		337,517		211,200
Creditors
Amounts falling due within one year	7	( 380,988)		( 245,904)
Net current liabilities		(43,471)		(34,704)
Total assets less current liabilities		11,578		20,345
Net assets		11,578		20,345
Capital and reserves
Called-up share capital	8	10,000		10,000
Profit and loss account		1,578		10,345
Total shareholder's funds		11,578		20,345

For the financial year ending 31 August 2020 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of JAP Consultants Limited (registered number: SC232558) were approved and authorised for issue by the Director on 28 May 2021. They were signed on its behalf by:

Andrew Mark Johnson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.

General information and basis of accounting

JAP Consultants Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 16 Craighall Crescent, Ellon, Aberdeenshire, AB41 9NR, , United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of JAP Consultants Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net assets of £11,578. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the directorbelieves that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures & Fittings - 20% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

	31.08.2020		31.08.2019
	Number		Number
Monthly average number of persons employed by the Company during the year, including director	1		1

3. Tax on (loss)/profit

	31.08.2020		31.08.2019
	£		£
Current tax on (loss)/profit
UK corporation tax	0		1,140
Overprovision in prior years	( 1,140)		0
Total current tax	( 1,140)		1,140
Total tax on (loss)/profit	( 1,140)		1,140

4. Tangible assets

	Land and buildings		Fixtures and fittings		Total
	£		£		£
Cost/Valuation
At 01 September 2019	55,049		300		55,349
At 31 August 2020	55,049		300		55,349
Accumulated depreciation
At 01 September 2019	0		300		300
At 31 August 2020	0		300		300
Net book value
At 31 August 2020	55,049		0		55,049
At 31 August 2019	55,049		0		55,049

5. Debtors

	31.08.2020		31.08.2019
	£		£
Prepayments	6,240		11,397
Other debtors	1,140		0
	7,380		11,397

6. Cash and cash equivalents

	31.08.2020		31.08.2019
	£		£
Cash at bank and in hand	330,137		199,803

7. Creditors: amounts falling due within one year

	31.08.2020		31.08.2019
	£		£
Trade creditors	184		0
Amounts owed to director	373,185		231,728
Accruals	0		1,669
Corporation tax	0		1,140
Other taxation and social security	7,619		11,367
	380,988		245,904

8. Called-up share capital and reserves

	31.08.2020		31.08.2019
	£		£
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 1.00 each	10,000		10,000

9. Related party transactions

Transactions with the entity's director

	31.08.2020		31.08.2019
	£		£
As at 31/08/20, there was a directors loan balance due to Andrew Johnson	373,185		231,728

Advances

An advance for a loan was made to the director during the year to 31 August 2020 for £23,755, the conditions are this loan is interest free and there is no fixed repayment period. £165,212 has been repaid.