JCS Medical Limited - Accounts to registrar (filleted) - small 18.2

JCS Medical Limited - Accounts to registrar (filleted) - small 18.2

JCS MEDICAL LIMITED - Company Information

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REGISTERED NUMBER: 10180579 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2021

for

JCS Medical Limited
JCS Medical Limited (Registered number: 10180579)

Contents of the Financial Statements
for the Year Ended 31st March 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JCS Medical Limited

Company Information
for the Year Ended 31st March 2021







DIRECTOR: Dr R Menon





REGISTERED OFFICE: The Lodge
93 Normanston Drive
Oulton Broad
Lowestoft
Suffolk
NR32 2PX





REGISTERED NUMBER: 10180579 (England and Wales)





ACCOUNTANTS: N.C.N.M. Accountancy Limited
Chartered Accountants
The Lodge
93 Normanston Drive
Oulton Broad
Lowestoft
Suffolk
NR32 2PX
Page 1
JCS Medical Limited (Registered number: 10180579)

Balance Sheet
31st March 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 415 829

CURRENT ASSETS
Stocks 210 322
Debtors 5 14,350 2,046
Cash at bank 108,774 24,465
123,334 26,833
CREDITORS
Amounts falling due within one year 6 24,162 8,462
NET CURRENT ASSETS 99,172 18,371
TOTAL ASSETS LESS CURRENT
LIABILITIES
99,587
19,200

CAPITAL AND RESERVES
Called up share capital 7 14 14
Retained earnings 99,573 19,186
SHAREHOLDERS' FUNDS 99,587 19,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The notes form part of these financial statements

Page 2 continued...
JCS Medical Limited (Registered number: 10180579)

Balance Sheet - continued
31st March 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st December 2021 and were signed by:





Dr R Menon - Director


The notes form part of these financial statements

Page 3
JCS Medical Limited (Registered number: 10180579)

Notes to the Financial Statements
for the Year Ended 31st March 2021


1. STATUTORY INFORMATION

JCS Medical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the provision of services. Turnover is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Government grants
Grants relating to revenue are recognised in income on a systematic basis over the period in which the related costs are incurred.

Grants receivable as compensation for expenses or losses incurred or for the purpose of giving immediate financial support with no future related costs are recognised in income in the period in which the grant becomes receivable.

Grants relating to assets shall be recognised in income on a systematic basis over the expected useful life of the underlying asset.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Page 4 continued...
JCS Medical Limited (Registered number: 10180579)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 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 the timing difference.

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 other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - NIL ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2020
and 31st March 2021 1,244
DEPRECIATION
At 1st April 2020 415
Charge for year 414
At 31st March 2021 829
NET BOOK VALUE
At 31st March 2021 415
At 31st March 2020 829

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 9,297 2,046
Other debtors 5,053 -
14,350 2,046

Page 5 continued...
JCS Medical Limited (Registered number: 10180579)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2021


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 22,993 4,161
Other creditors 1,169 4,301
24,162 8,462

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:
Class:		 Nominal
value:
2021
2020

10 Ordinary £1 10 10
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
14 14


8. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2020 - £2,000) were paid to the director .

During the year, the directors paid and were reimbursed expenses on behalf of the company totalling £512 (2020: £408). At the end of the year, the directors were owed £1,314 (2020: £802). During the year, the directors received loans totalling £4,500 which were repaid on 6th April 2021.

Page 6