JTC_ENVIRONMENTAL_LIMITED - Accounts

JTC ENVIRONMENTAL LIMITED - Company Information

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Company Registration No. 9097885 (England and Wales)

JTC ENVIRONMENTAL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD 23 JUNE 2014 TO 30 JUNE 2015

JTC ENVIRONMENTAL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

JTC ENVIRONMENTAL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

2,273,406

Current assets

Stocks

87,065

Debtors

460,268

Cash at bank and in hand

73,735

621,068

Creditors: amounts falling due within one year

(2,250,600)

Net current liabilities

(1,629,532)

Total assets less current liabilities

643,874

Creditors: amounts falling due after more than one year

(1,007,031)

(363,157)

Capital and reserves

Called up share capital

102

Profit and loss account

(363,259)

Shareholders' funds

(363,157)

For the financial period ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 May 2016

Mr C Crickmore

Director

Company Registration No. 9097885

JTC ENVIRONMENTAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services provided net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% on cost

Fixtures and fitting

20% on cost

Office equipment

20% on cost

Motor vehicles

10% on cost

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Going concern

The financial statements have been prepared on a going concern basis even though at the balance sheet date the company had net liabilities of £363,157.

The directors consider the going concern basis to be appropriate because, in their opinion, the company will continue to obtain sufficient funding from its related entities to enable it to pay its debts as they fall due.

If the company was unable to continue to obtain sufficient funding to enable it to pay its debts as they fell due, it would be unable to continue trading and adjustments would have to be made to reduce the value of assets to their net realisable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities.

JTC ENVIRONMENTAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 JUNE 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 23 June 2014

Additions

2,424,301

Disposals

(25,500)

At 30 June 2015

2,398,801

Depreciation

At 23 June 2014

On disposals

(1,063)

Charge for the period

126,458

At 30 June 2015

125,395

Net book value

At 30 June 2015

2,273,406

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £1,347,281.

Share capital

2015

Allotted, called up and fully paid

102 Ordinary shares of £1 each

102

During the period 102 Ordinary shares of £1 each were issued, allotted and fully paid at par for cash consideration.

Control

The company is jointly controlled by the directors.

Related party relationships and transactions

JTC ENVIRONMENTAL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 JUNE 2015

Related party relationships and transactions

(Continued)

- 4 -

Included in debtors at the balance sheet date is an amount of £25,000 due from Crickmore Developments Ltd a company in which Mr C Crickmore and Mr J Crickmore are directors.

Included in creditors at the balance sheet date is an amount of £43,700 due to Crickmore LLP, a Limited Liability Partnership in which Mr C Crickmore and Mr J Crickmore are members.

Included in creditors at the balance sheet date is an amount of £755,366 due to Crickmore Parks Limited, a company in which Mr C Crickmore and Mr J Crickmore are directors.

Included in creditors at the balance sheet date is an amount of £288,000 due to M & M (Cambridge) LLP, a Limited Liability Partnership in which Mr C Crickmore and Mr J Crickmore are members.

Included in creditors at the balance sheet date is an amount of £187,298 owed to the director, Mr C Crickmore.