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JCP CONSULTANCY LIMITED - Company Information

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JCP Consultancy Limited

Registered Number:04569443

For the year ended 31 March 2021

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2021

JCP Consultancy Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

04569443

As at 31 March 2021

JCP Consultancy Limited

Statement of Financial Position

2020

2021

Notes

Fixed assets

Intangible assets

Property, plant and equipment

5,005

6,029

Financial assets

5,007

6,031

Current assets

Trade and other receivables

107,167

88,119

690,119

Cash and cash equivalents

753,051

841,170

797,286

Trade and other payables: amounts falling due within one

year

(98,311)

(71,035)

698,975

770,135

Net current assets

Total assets less current liabilities

775,142

705,006

775,142

Net assets

705,006

Capital and reserves

Called up share capital

101

Retained earnings

775,041

704,905

775,142

705,006

Shareholders' funds

For the year ended 31 March 2021 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 2021 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their 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.

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Registered Number :

04569443

For the year ended 31 March 2021

JCP Consultancy Limited

Statement of Financial Position Continued

Mr S. Vaughan Director

These financial statements were approved and authorised for issue by the Board on 09 June 2021 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2021

JCP Consultancy Limited

Notes to the Financial Statements

Statutory Information

JCP Consultancy Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 04569443.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

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:

25% Reducing balance

Computer equipment

20% Reducing balance

Fixtures & equipment

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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For the year ended 31 March 2021

JCP Consultancy Limited

Notes to the Financial Statements Continued

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

2. Intangible fixed assets

Other

Intangible

Assets

Total

Goodwill

Cost or valuation

434,900

At 01 April 2020

437,872

2,972

437,872

434,900

At 31 March 2021

2,972

Amortisation

437,871

434,900

At 01 April 2020

2,971

437,871

At 31 March 2021

434,900

2,971

Net book value

At 31 March 2021

At 31 March 2020

3. Property, plant and equipment

Total

Computer

equipment

Fixtures &

equipment

Cost or

valuation

At 01 April 2020

37,451

15,694

21,757

328

Additions

At 31 March 2021

21,757

16,022

37,779

Provision for depreciation and impairment

At 01 April 2020

31,422

14,405

17,017

Charge for year

1,352

404

948

At 31 March 2021

32,774

14,809

17,965

At 31 March 2021

Net book value

3,792

1,213

5,005

At 31 March 2020

4,740

1,289

6,029

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For the year ended 31 March 2021

JCP Consultancy Limited

Notes to the Financial Statements Continued

4. Investments held as fixed assets

Other investments

Total

At 01 April 2020

Cost

At 31 March 2021

Net book value

At 01 April 2020

5. Trade and other receivables

2020

2021

Trade debtors

88,119

107,167

6. Trade and other payables: amounts falling due within one year

2020

2021

Trade creditors

17,362

14,103

Taxation and social security

43,053

54,016

Other creditors

10,620

30,192

71,035

98,311

7. 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 S. Vaughan £79,000

(£54,000).

8. Average number of persons employed

During the year the average number of employees was 2 (2020 : 2)

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