JPES Consulting Ltd - Period Ending 2015-02-28

Registration number: 08408568

JPES Consulting Ltd

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2015
 

JPES Consulting Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

JPES Consulting Ltd
(Registration number: 08408568)
Abbreviated Balance Sheet at 28 February 2015

		Note			28 February 2015 £			28 February 2014 £
Fixed assets
Tangible fixed assets					1,953			2,665
Current assets
Debtors					2,079			6,551
Cash at bank and in hand					10			10
					2,089			6,561
Creditors: Amounts falling due within one year					(3,805)			(8,263)
Net current liabilities					(1,716)			(1,702)
Total assets less current liabilities					237			963
Provisions for liabilities					(215)			(215)
Net assets					22			748
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					12			738
Shareholders' funds					22			748

For the year ending 28 February 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 22 February 2016

 Mr Peter Sharples
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

JPES Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

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 economic life

Asset class	Depreciation method and rate
Computer equipment	33% straight line
Office equipment	20% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

JPES Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2014		3,558			3,558
At 28 February 2015		3,558			3,558
Depreciation
At 1 March 2014		893			893
Charge for the year		712			712
At 28 February 2015		1,605			1,605
Net book value
At 28 February 2015		1,953			1,953
At 28 February 2014		2,665			2,665

3	Share capital

Allotted, called up and fully paid shares

	28 February 2015						28 February 2014
		No.			£			No.			£
Ordinary of £1 each		10			10			10			10

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