ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312Consultantfalsetruetrue2022-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2 12347559 2022-01-01 2022-12-31 12347559 2021-01-01 2021-12-31 12347559 2022-12-31 12347559 2021-12-31 12347559 c:Director1 2022-01-01 2022-12-31 12347559 d:OfficeEquipment 2022-01-01 2022-12-31 12347559 d:OfficeEquipment 2022-12-31 12347559 d:OfficeEquipment 2021-12-31 12347559 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 12347559 d:CurrentFinancialInstruments 2022-12-31 12347559 d:CurrentFinancialInstruments 2021-12-31 12347559 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12347559 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12347559 d:ShareCapital 2022-12-31 12347559 d:ShareCapital 2021-12-31 12347559 d:RetainedEarningsAccumulatedLosses 2022-12-31 12347559 d:RetainedEarningsAccumulatedLosses 2021-12-31 12347559 c:FRS102 2022-01-01 2022-12-31 12347559 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 12347559 c:FullAccounts 2022-01-01 2022-12-31 12347559 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 12347559

JCP LEGAL LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

JCP LEGAL LTD

REGISTERED NUMBER: 12347559

BALANCE SHEET

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets			2,158		-
			2,158		-
Current assets
Work in progress		13,417		13,416
Cash at bank and in hand	6	88,342		56,758
		101,759		70,174
Creditors: amounts falling due within one year	7	(27,794)		(26,423)
Net current assets			73,965		43,751
Total assets less current liabilities			76,123		43,751

Net assets			76,123		43,751

Capital and reserves
Called up share capital	1	1
Profit and loss account	76,122	43,750
	76,123	43,751

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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JCP LEGAL LTD

REGISTERED NUMBER: 12347559

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2022

J C Peet

Director

Date: 21 September 2023

The notes on pages 3 to 6 form part of these financial statements.

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JCP LEGAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

JCP Legal Ltd is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Director's report.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director has adopted the going concern basis of accounting in preparing the financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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JCP LEGAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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JCP LEGAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

5.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	Additions	2,878
	At 31 December 2022	2,878
	Depreciation
	Charge for the year on owned assets	720
	At 31 December 2022	720
	Net book value
	At 31 December 2022	2,158
	At 31 December 2021	-

6.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	88,342	56,758
	88,342	56,758

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JCP LEGAL LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Corporation tax	14,717	14,717
Other creditors	11,013	9,834
Accruals and deferred income	2,064	1,872
	27,794	26,423

8.	Related party transactions
	In others creditors there is a Director's loan of £11,013 (2021: £9,834) provided to the company. Interest of 0% is paid on this loan and it is repayable on demand.

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