JKC Group Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 10672856

JKC Group Limited

Filleted Unaudited Financial Statements

30 June 2022

JKC Group Limited

Statement of Financial Position

30 June 2022

	2022		2021
Note	£	£	£

Current assets

Stocks		18,380	22,442
Debtors	5	207,288	104,114
Cash at bank and in hand		9,931	66,079
		---------	---------
		235,599	192,635

Creditors: amounts falling due within one year	6	( 186,162)		( 164,512)
		---------		---------
Net current assets			49,437	28,123
			--------	--------
Total assets less current liabilities			49,437	28,123
			--------	--------
Net assets			49,437	28,123
			--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	49,436	28,122
	--------	--------
Shareholder funds	49,437	28,123
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30th June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 March 2023 , and are signed on behalf of the board by:

N J Schneider
Director

Company registration number: 10672856

JKC Group Limited

Notes to the Financial Statements

Year Ended 30th June 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7 Sherburn Networkcentre, Sherburn in Elmet, LS25 6NS, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period when the outcome of a transaction involving the rendering of services can be reliably estimated. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realised.

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:

	Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash Short-term trade and other debtors and creditors Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. These balances are recorded at transaction price. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the income statement when due.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).

5. Debtors

	2022	2021
	£	£
Trade debtors	150,000	94,274
Other debtors	57,288	9,840
	---------	---------
	207,288	104,114
	---------	---------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	149,316	133,327
Corporation tax	8,937	7,264
Social security and other taxes	11,263	12,901
Other creditors	16,646	11,020
	---------	---------
	186,162	164,512
	---------	---------

7. Director's advances, credits and guarantees

No advances were made to any director of the company during the year and no amounts in respect of advances to the directors were outstanding at the period end. The company has not provided any guarantees on behalf of its directors during the period.

8. Controlling party

The company is a wholly owned subsidiary of Marlie Holdings Limited.