JP Buckley Aerodynamics Limited - Accounts to registrar (filleted) - small 22.3

JP Buckley Aerodynamics Limited - Accounts to registrar (filleted) - small 22.3

JP BUCKLEY AERODYNAMICS LIMITED - Company Information

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REGISTERED NUMBER: 08619255 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2022

for

JP Buckley Aerodynamics Limited
JP Buckley Aerodynamics Limited (Registered number: 08619255)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JP Buckley Aerodynamics Limited

Company Information
for the Year Ended 31 July 2022







DIRECTOR: J Buckley





REGISTERED OFFICE: 62 Temple Road
Oxford
Oxfordshire
OX4 2HB





REGISTERED NUMBER: 08619255 (England and Wales)





ACCOUNTANTS: PD Accountancy Services Ltd
1 Post Office House
184 Bridge Road
Sarisbury Green
Southampton
Hampshire
SO31 7ED
Page 1
JP Buckley Aerodynamics Limited (Registered number: 08619255)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,253 7,618

CURRENT ASSETS
Debtors 5 34,998 39,860
Cash at bank 50,043 67,062
85,041 106,922
CREDITORS
Amounts falling due within one year 6 103,228 67,802
NET CURRENT (LIABILITIES)/ASSETS (18,187 ) 39,120
TOTAL ASSETS LESS CURRENT
LIABILITIES
(12,934
)
46,738

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (12,935 ) 46,737
SHAREHOLDERS' FUNDS (12,934 ) 46,738

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 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:





J Buckley - Director


The notes form part of these financial statements

Page 2
JP Buckley Aerodynamics Limited (Registered number: 08619255)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

JP Buckley Aerodynamics 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.

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 each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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 2 (2021 - 2 ) .

Page 3 continued...
JP Buckley Aerodynamics Limited (Registered number: 08619255)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2021 2,707 15,350 18,057
Additions - 479 479
At 31 July 2022 2,707 15,829 18,536
DEPRECIATION
At 1 August 2021 2,707 7,732 10,439
Charge for year - 2,844 2,844
At 31 July 2022 2,707 10,576 13,283
NET BOOK VALUE
At 31 July 2022 - 5,253 5,253
At 31 July 2021 - 7,618 7,618

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade debtors - 11,607
Tax 9,187 3,817
Deferred tax asset 25,811 24,436
34,998 39,860

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade creditors 729 -
VAT 253 10,850
Other creditors - 20
Directors' current accounts 101,286 55,972
Accrued expenses 960 960
103,228 67,802

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year in question the director received £37,700 (2021 37,500) by way of a dividend issue during the year in question out of reserves held at the time of issue.

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the director by virtue fo their 100% interest in the issued share capital of the company.

Page 4