JIE Search Ltd Filleted accounts for Companies House (small and micro)
JIE Search Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09558889
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Statement of Financial Position |
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2021 |
2020 |
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Note |
£ |
£ |
£ |
Fixed assets
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Tangible assets |
5 |
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Current assets
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Debtors |
6 |
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Cash at bank and in hand |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
7 |
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-------- |
-------- |
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Net current assets |
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-------- |
-------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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– |
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Provisions
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Taxation including deferred tax |
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-------- |
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Net assets |
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-------- |
-------- |
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Capital and reserves
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Called up share capital |
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Profit and loss account |
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-------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
18 January 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
09558889
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Notes to the Financial Statements |
Year ended 30 April 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 21 Osbourne Avenue, Kings Langley, Hertfordshire, WD4 8DD.
2.
Statement of compliance
3.
Accounting policies
(a)
Basis of preparation
(b)
Revenue recognition
(c)
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is measured at the amounts of tax expected to be paid or recovered 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 that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
(d)
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis.
(e)
Tangible assets
(f)
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:
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Leasehold Property Improvements |
- |
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Office Equipment |
- |
33% straight line |
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(g)
Government grants
(h)
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2020:
1
).
5.
Tangible assets
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Leasehold property improvements |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 May 2020 |
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15,854 |
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Additions |
– |
4,990 |
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Disposals |
– |
(
4,257) |
(
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At 30 April 2021 |
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16,587 |
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Depreciation |
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At 1 May 2020 |
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6,392 |
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Charge for the year |
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5,225 |
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Disposals |
– |
(
3,287) |
(
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------- |
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At 30 April 2021 |
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8,330 |
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------- |
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Carrying amount |
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At 30 April 2021 |
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8,257 |
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At 30 April 2020 |
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9,462 |
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6.
Debtors
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2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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------- |
------- |
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7.
Creditors:
amounts falling due within one year
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2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
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Trade creditors |
– |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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------- |
------- |
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------- |
------- |
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8.
Creditors:
amounts falling due after more than one year
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2021 |
2020 |
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£ |
£ |
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Bank loans and overdrafts |
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– |
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---- |
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9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
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2021 |
2020 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
– |
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10.
Directors' advances, credits and guarantees
During the year the company advanced an amount of £57,424 (2020 £69,792) to Mr. A Tully a director of the company. The advance was repaid to the company prior to the year end was unsecured and carried an interest rate of 2.5% per annum.