JCI (Northwest) Limited - Limited company - abbreviated - 11.9
JCI (Northwest) Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 November 2015 |
| for |
| JCI (Northwest) Limited |
| JCI (Northwest) Limited (Registered number: 04497414) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 November 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| JCI (Northwest) Limited |
| Company Information |
| for the Year Ended 30 November 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| JCI (Northwest) Limited (Registered number: 04497414) |
| Abbreviated Balance Sheet |
| 30 November 2015 |
| 30.11.15 | 30.11.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| JCI (Northwest) Limited (Registered number: 04497414) |
| Abbreviated Balance Sheet - continued |
| 30 November 2015 |
| The financial statements were approved by the director on |
| JCI (Northwest) Limited (Registered number: 04497414) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 November 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements 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 charges and commissions receivable which are taken to the credit of the profit and loss |
| account on the date the invoice for insurance cover is issued to the insured party (who has confirmed an intention |
| to renew).This date usually coincides with the date of the inception or renewal of the policy - which is the start |
| date of the underwriters risk, however for practical purposes it can be a few days earlier. |
| Goodwill |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Insurance debtors and creditors |
| The company acts as agent in broking the insurable risks of clients and normally is not liable as a principal for |
| premiums due to underwriters or for claims payable to clients. Not withstanding the legal relationship with |
| clients and underwriters, the company has followed generally accepted accounting practice for insurance brokers |
| by showing debtors, creditors and cash balances relating to insurance business as assets and liabilities of the |
| company itself. This recognises that the company is entitled to retain the investment income on any cash flows |
| arising from these transactions. |
| In the ordinary course of insurance broking business, settlement is required to be made with certain market |
| settlement bureaux, insurance intermediaries or insurance companies on the basis of the net balance due to or |
| from them rather than the amount due to or from the individual third parties which it represents. |
| However, under Financial Reporting Standard 5 ('FRS5'), assets and liabilities may not be offset unless net |
| settlement is legally enforceable, and therefore insurance broking debtors and creditors are shown gross within |
| these financial statements. |
| JCI (Northwest) Limited (Registered number: 04497414) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 November 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2014 |
| and 30 November 2015 |
| AMORTISATION |
| At 1 December 2014 |
| and 30 November 2015 |
| NET BOOK VALUE |
| At 30 November 2015 |
| At 30 November 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2014 |
| Additions |
| At 30 November 2015 |
| DEPRECIATION |
| At 1 December 2014 |
| Charge for year |
| At 30 November 2015 |
| NET BOOK VALUE |
| At 30 November 2015 |
| At 30 November 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.11.15 | 30.11.14 |
| value: | £ | £ |
| Ordinary | £1 |
| JCI (Northwest) Limited (Registered number: 04497414) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 November 2015 |
| 5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 November 2015 and |
| 30 November 2014: |
| 30.11.15 | 30.11.14 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| Mr Gareth Chadwick drew funds totalling £18,630 during the period 1st December 2014 to 31st March 2015 on |
| account of a dividend voted to him of £39000 in April 2015. The loan account remained in credit from April |
| 2015 to 30th November 2015. No interest was payable on the overdrawn account. |
| 6. | CONTROLLING INTEREST |
| The company was under the sole control of Mr G Chadwick throughout the current and previous year. Mr G |
| Chadwick is the sole director and majority shareholder. |