Jon-Paul Devine Ltd 31/03/2021 iXBRL

Jon-Paul Devine Ltd 31/03/2021 iXBRL

JON-PAUL DEVINE LTD - Company Information

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31/03/2021 2021-03-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2020-04-01 Sage Accounts Production 2020 Update 1 - FRS102_2014 xbrli:pure xbrli:shares iso4217:GBP 08956400 2020-04-01 2021-03-31 08956400 2021-03-31 08956400 2020-03-31 08956400 2019-04-01 2020-03-31 08956400 2020-03-31 08956400 core:OnerousContractsExcludingVacantProperties 2020-04-01 2021-03-31 08956400 bus:Director1 2020-04-01 2021-03-31 08956400 core:FurnitureFittingsToolsEquipment 2020-03-31 08956400 core:FurnitureFittingsToolsEquipment 2021-03-31 08956400 core:WithinOneYear 2021-03-31 08956400 core:WithinOneYear 2020-03-31 08956400 core:FurnitureFittingsToolsEquipment 2020-04-01 2021-03-31 08956400 core:ShareCapital 2021-03-31 08956400 core:ShareCapital 2020-03-31 08956400 core:RetainedEarningsAccumulatedLosses 2021-03-31 08956400 core:RetainedEarningsAccumulatedLosses 2020-03-31 08956400 core:FurnitureFittingsToolsEquipment 2020-03-31 08956400 bus:SmallEntities 2020-04-01 2021-03-31 08956400 bus:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 08956400 bus:FullAccounts 2020-04-01 2021-03-31 08956400 bus:SmallCompaniesRegimeForAccounts 2020-04-01 2021-03-31 08956400 bus:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 08956400 core:ComputerEquipment 2020-04-01 2021-03-31
Company registration number: 08956400
Jon-Paul Devine Ltd
Unaudited filleted financial statements
31 March 2021
Jon-Paul Devine Ltd
Contents
Statement of financial position
Notes to the financial statements
Jon-Paul Devine Ltd
Statement of financial position
31 March 2021
2021 2020
Note £ £ £ £
Fixed assets
Tangible assets 5 2,099 248
_______ _______
2,099 248
Current assets
Debtors 6 3,095 32,247
Cash at bank and in hand 35,177 48,229
_______ _______
38,272 80,476
Creditors: amounts falling due
within one year 7 ( 12,041) ( 28,318)
_______ _______
Net current assets 26,231 52,158
_______ _______
Total assets less current liabilities 28,330 52,406
Provisions for liabilities ( 525) ( 63)
_______ _______
Net assets 27,805 52,343
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 27,705 52,243
_______ _______
Shareholders funds 27,805 52,343
_______ _______
For the year ending 31 March 2021 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 May 2021 , and are signed on behalf of the board by:
Mr Jon-Paul Devine
Director
Company registration number: 08956400
Jon-Paul Devine Ltd
Notes to the financial statements
Year ended 31 March 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Christie Way, Christie Fields, Manchester, M21 7QY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is recognised when the service has been performed; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment - 33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2020 2,888 2,888
Additions 3,028 3,028
Disposals ( 2,266) ( 2,266)
_______ _______
At 31 March 2021 3,650 3,650
_______ _______
Depreciation
At 1 April 2020 2,640 2,640
Charge for the year 1,162 1,162
Disposals ( 2,251) ( 2,251)
_______ _______
At 31 March 2021 1,551 1,551
_______ _______
Carrying amount
At 31 March 2021 2,099 2,099
_______ _______
At 31 March 2020 248 248
_______ _______
6. Debtors
2021 2020
£ £
Trade debtors - 20,037
Other debtors 3,095 12,210
_______ _______
3,095 32,247
_______ _______
7. Creditors: amounts falling due within one year
2021 2020
£ £
Trade creditors 61 -
Corporation tax - 1,809
Social security and other taxes 1,644 16,612
Other creditors 10,336 9,897
_______ _______
12,041 28,318
_______ _______