JPM (Insurance Management) Limited - Limited company - abbreviated - 11.9

JPM (Insurance Management) Limited - Limited company - abbreviated - 11.9

JPM (INSURANCE MANAGEMENT) LIMITED - Company Information

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REGISTERED NUMBER: 03867939 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

JPM (Insurance Management) Limited
HCB Accountants (Sterling) Limited
The Old Bank Chambers
27 Lincoln Croft
Shenstone
Staffordshire
WS14 0ND








JPM (Insurance Management) Limited (Registered number: 03867939)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

JPM (Insurance Management) Limited

Company Information
for the Year Ended 31 January 2016







DIRECTORS: DM Johnston
Miss S Cooksey





REGISTERED OFFICE: The Old Bank Chambers
27 Lincoln Croft
Shenstone
Staffordshire
WS14 0ND





REGISTERED NUMBER: 03867939 (England and Wales)





ACCOUNTANTS: HCB Accountants (Sterling) Limited
The Old Bank Chambers
27 Lincoln Croft
Shenstone
Staffordshire
WS14 0ND
Page 1
JPM (Insurance Management) Limited (Registered number: 03867939)

Abbreviated Balance Sheet
31 January 2016

31.1.16 31.1.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 36,902 50,481

CURRENT ASSETS
Debtors 910,136 1,110,793
Cash at bank 486,998 322,313
1,397,134 1,433,106
CREDITORS
Amounts falling due within one year 1,316,215 1,333,654
NET CURRENT ASSETS 80,919 99,452
TOTAL ASSETS LESS CURRENT
LIABILITIES
117,821
149,933

CREDITORS
Amounts falling due after more than one
year
13,941
20,870
NET ASSETS 103,880 129,063

CAPITAL AND RESERVES
Called up share capital 3 50,001 50,001
Retained earnings 53,879 79,062
SHAREHOLDERS' FUNDS 103,880 129,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 19 October 2016 and were signed on its behalf by:



DM Johnston - Director


The notes form part of these abbreviated accounts

Page 2
JPM (Insurance Management) Limited (Registered number: 03867939)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
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 life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on cost
Computer equipment - 15% on cost

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 profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 193,622
DEPRECIATION
At 1 February 2015 143,141
Charge for year 13,579
At 31 January 2016 156,720
NET BOOK VALUE
At 31 January 2016 36,902
At 31 January 2015 50,481

Page 3 continued...
JPM (Insurance Management) Limited (Registered number: 03867939)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
1 Ordinary £1 1 1
50,000 Preference shares £1 50,000 50,000
50,001 50,001

4. ULTIMATE PARENT COMPANY

The company is wholly owned by JPM Group Limited.

Page 4