JCP Consultancy Limited,Ltd - Accounts

JCP CONSULTANCY LIMITED - Company Information

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JCP Consultancy Limited

For the year ended 31 March 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 04569443

Contents Page

JCP Consultancy Limited

For the year ended 31 March 2015

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

JCP Consultancy Limited

As at 31 March 2015

04569443

Registered Number :

2015

Notes

2014

Fixed assets

Intangible assets

Tangible assets

9,096

7,053

Investments

9,098

7,055

Current assets

Debtors

96,077

120,060

Cash at bank and in hand

160,009

149,729

280,069

245,806

Creditors: amounts falling due within one year

(155,159)

(123,172)

90,647

156,897

Net current assets

Total assets less current liabilities

165,995

97,702

165,995

Net assets

97,702

Capital and reserves

Called up share capital

200

Profit and loss account

165,795

97,502

165,995

97,702

Shareholders funds

For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Date approved by the board: 31 July 2015

Mr S. Vaughan Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

JCP Consultancy Limited

For the year ended 31 March 2015

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of management consultancy contracts, excluding Value Added Tax. Turnover is recognised upon completion of each contract, with those contracts ongoing over the year end treated in accordance with the accounting policy set out below under the heading "Stocks".

Pension Costs

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.

Deferred taxation

Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Dividends

Dividends paid in the year are on Ordinary shares of £1 each.

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.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the

estimated expected useful economic life of the goodwill of 0 years.

Licences and patents

Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line

basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated

expected useful economic life of the patents of 0 years.

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Notes to the Abbreviated Financial Statements

JCP Consultancy Limited

For the year ended 31 March 2015

Tangible fixed assets

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:

Computer Equipment

25% Reducing balance

Fixtures & Equipment

10% Reducing balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Income on work in progress contracts is recognised by reference to the valuation of the 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 reflect fairly 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.

2 Intangible fixed assets

Cost or valuation

Intangible

fixed assets

At 01 April 2014

437,872

At 31 March 2015

Amortisation

437,871

At 01 April 2014

437,871

At 31 March 2015

Net Book Values

At 31 March 2015

At 31 March 2014

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Notes to the Abbreviated Financial Statements

JCP Consultancy Limited

For the year ended 31 March 2015

3 Tangible fixed assets

Tangible

fixed assets

Cost or valuation

25,454

At 01 April 2014

3,417

Additions

At 31 March 2015

28,871

Depreciation

18,401

At 01 April 2014

1,374

Charge for year

19,775

At 31 March 2015

Net book values

At 31 March 2015

9,096

7,053

At 31 March 2014

4 Fixed asset investments

At 01 April 2014

Total

Cost

At 31 March 2015

5 Share capital

Authorised

800 Ordinary A Shares shares of £1.00 each

100 Ordinary B Shares shares of £1.00 each

50 Ordinary C Shares shares of £1.00 each

50 Ordinary D Shares shares of £1.00 each

Allotted called up and fully paid

2015

2014

100 Ordinary A Shares shares of £1.00 each

100

100 Ordinary B Shares shares of £1.00 each

100

0 Ordinary C Shares shares of £1.00 each

0 Ordinary D Shares shares of £1.00 each

200

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