Company Registration No. 10676423 (England and Wales)
JC RECOVERIES LIMITED
Unaudited accounts
for the year ended 31 March 2023
JC RECOVERIES LIMITED
Unaudited accounts
Contents
JC RECOVERIES LIMITED
Company Information
for the year ended 31 March 2023
Director
John Edward Collinson
Company Number
10676423 (England and Wales)
Registered Office
Richlands
Maesteg Road
Tondu
Bridgend
CF32 9BT
Accountants
Richlands Accountancy Ltd
Richlands
Maesteg Road
Tondu
Bridgend
CF32 9BT
JC RECOVERIES LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
3,380
4,225
Cash at bank and in hand
9,554
96,273
Creditors: amounts falling due within one year
(4,714)
(20,840)
Net current assets
7,275
82,832
Called up share capital
10,400
10,400
Profit and loss account
255
76,657
Shareholders' funds
10,655
87,057
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 August 2023 and were signed on its behalf by
John Edward Collinson
Director
Company Registration No. 10676423
JC RECOVERIES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
JC RECOVERIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10676423. The registered office is Richlands, Maesteg Road, Tondu, Bridgend, CF32 9BT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
4
Tangible fixed assets
Plant & machinery
JC RECOVERIES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
7,937
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
