JCP Consultancy Limited,Ltd - AccountsLtd - Accounts

JCP CONSULTANCY LIMITED - Company Information

Print Friendly Version

JCP Consultancy Limited

Registered Number:04569443

For the year ended 31 March 2022

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2022

JCP Consultancy Limited

Contents Page

Statement of Financial Position

2 to 6

Notes to the Financial Statements

Registered Number :

04569443

As at 31 March 2022

JCP Consultancy Limited

Statement of Financial Position

2021

2022

Notes

Fixed assets

Intangible assets

Property, plant and equipment

4,667

5,005

Financial assets

4,669

5,007

Current assets

Trade and other receivables

88,119

148,960

753,051

Cash and cash equivalents

808,990

957,950

841,170

Trade and other payables: amounts falling due within one

year

(71,035)

(104,671)

770,135

853,279

Net current assets

Total assets less current liabilities

857,948

775,142

857,948

Net assets

775,142

Capital and reserves

Called up share capital

101

Retained earnings

857,847

775,041

857,948

775,142

Shareholders' funds

For the year ended 31 March 2022 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 2022 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his 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.

1 of 6

Registered Number :

04569443

For the year ended 31 March 2022

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 08 August 2022 and were signed by:

The notes form part of these financial statements

2 of 6

For the year ended 31 March 2022

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. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.

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.

3 of 6

For the year ended 31 March 2022

JCP Consultancy Limited

Notes to the Financial Statements Continued

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 the 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 timing differences. 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 future profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its 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 2021

437,872

2,972

437,872

434,900

At 31 March 2022

2,972

Amortisation

437,871

434,900

At 01 April 2021

2,971

437,871

At 31 March 2022

434,900

2,971

Net book value

At 31 March 2022

At 31 March 2021

4 of 6

For the year ended 31 March 2022

JCP Consultancy Limited

Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Computer

equipment

Fixtures &

equipment

Cost or

valuation

At 01 April 2021

37,779

16,022

21,757

964

Additions

At 31 March 2022

21,757

16,986

38,743

Provision for depreciation and impairment

At 01 April 2021

32,774

14,809

17,965

Charge for year

1,302

544

758

At 31 March 2022

34,076

15,353

18,723

At 31 March 2022

Net book value

3,034

1,633

4,667

At 31 March 2021

3,792

1,213

5,005

4. Investments held as fixed assets

Other investments

Total

At 01 April 2021

Cost

At 31 March 2022

Net book value

At 01 April 2021

5. Trade and other receivables

2021

2022

Trade debtors

145,960

88,119

Other debtors

3,000

88,119

148,960

5 of 6

For the year ended 31 March 2022

JCP Consultancy Limited

Notes to the Financial Statements Continued

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

2021

2022

Trade creditors

29,006

17,362

Taxation and social security

70,321

43,053

Other creditors

5,344

10,620

104,671

71,035

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

£103,000 (£79,000).

8. Average number of persons employed

During the year the average number of employees was 2 (2021 : 2)

6 of 6