JC Project Resource Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06738615 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

JC PROJECT RESOURCE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss J D Cockwell

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

06738615 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

-

33

CURRENT ASSETS

Debtors

5

69,388

83,549

Cash at bank

1,302

6

70,690

83,555

CREDITORS

Amounts falling due within one year

6

71,116

83,064

NET CURRENT (LIABILITIES)/ASSETS

(426

)

491

TOTAL ASSETS LESS CURRENT LIABILITIES

(426

)

524

PROVISIONS FOR LIABILITIES

-

6

NET (LIABILITIES)/ASSETS

(426

)

518

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(427

)

517

SHAREHOLDERS' FUNDS

(426

)

518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 March 2023 and were signed by:

Miss J D Cockwell - Director

1.	STATUTORY INFORMATION

JC Project Resource Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

Straight line over 3 years

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipmen

£

COST

At 1 November 2021

and 31 October 2022

3,222

DEPRECIATION

At 1 November 2021

3,189

Charge for year

33

At 31 October 2022

3,222

NET BOOK VALUE

At 31 October 2022

-

At 31 October 2021

33

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Other debtors

69,388

83,549

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Bank loans and overdrafts

29,928

31,180

Trade creditors

(1

)

(1

)

Taxation and social security

38,904

49,965

Other creditors

2,285

1,920

71,116

83,064

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.22

31.10.21

value:

£

£

1

Ordinary

£1

1

1

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

31.10.22

31.10.21

£

£

Miss J D Cockwell

Balance outstanding at start of year

63,056

53,726

Amounts advanced

2,158

55,639

Amounts repaid

(12,775

)

(46,309

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

52,439

63,056

9.	RELATED PARTY DISCLOSURES

The company maintains an interest free loan account with its director. At the year end the company director owed £52,439 (2021 £63,056)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss J D Cockwell.