JCS Lovell Comms Limited Company Accounts

JCS Lovell Comms Limited Company Accounts

JCS LOVELL COMMS LIMITED - Company Information

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FY Private Limited Company Company accounts 2016-11-23 2016-11-23 false true false false false false false false false false false false true true 2015-06-01 true xbrli:pure xbrli:shares iso4217:GBP 09055163 2015-06-01 2016-05-31 09055163 2016-05-31 09055163 2015-05-31 09055163 2014-05-23 2015-05-31 09055163 2015-05-31 09055163 uk-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 09055163 uk-bus:Director1 2015-06-01 2016-05-31 09055163 uk-gaap:AllSubsidiaries 2015-06-01 2016-05-31 09055163 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-05-23 2015-05-31 09055163 uk-bus:OrdinaryShareClass1 2016-05-31 09055163 uk-bus:OrdinaryShareClass1 2015-05-31 09055163 uk-gaap:DividendsPaid uk-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 09055163 uk-gaap:DividendsPaid uk-bus:OrdinaryShareClass1 2014-05-23 2015-05-31 09055163 uk-bus:AllEntityOfficers 2015-06-01 2016-05-31 09055163 uk-bus:AllEntityOfficers 2014-05-23 2015-05-31 09055163 uk-lang:English 2015-06-01 2016-05-31 09055163 uk-curr:PoundSterling 2015-06-01 2016-05-31
COMPANY REGISTRATION NUMBER 09055163
JCS LOVELL COMMS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED
31 May 2016
JCS LOVELL COMMS LIMITED
DIRECTOR'S REPORT
YEAR ENDED 31 MAY 2016
The director presents his report and the unaudited financial statements of the company for the year ended 31 May 2016.
PRINCIPAL ACTIVITIES
The principal activity of the company during the year was that of telecommunications services.
DIRECTOR
The director who served the company during the year was as follows:
Mr J Lovell
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Signed by
Mr J Lovell Director
Approved by the director on 21 November 2016
JCS LOVELL COMMS LIMITED
PROFIT AND LOSS ACCOUNT
YEAR ENDED 31 MAY 2016
Period from
Year to
23 May 14 to
31 May 16
31 May 15
Note
£
£
TURNOVER
88,093
83,108
Administrative expenses
15,008
14,135
---------
---------
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION
73,085
68,973
Tax on profit on ordinary activities
14,617
13,795
---------
---------
PROFIT FOR THE FINANCIAL YEAR
58,468
55,178
---------
---------
JCS LOVELL COMMS LIMITED
BALANCE SHEET
31 May 2016
2016
2015
Note
£
£
£
CURRENT ASSETS
Debtors
5
4,800
–
Cash at bank
64,543
38,344
---------
---------
69,343
38,344
CREDITORS: Amounts falling due within one year
6
26,643
22,192
---------
---------
NET CURRENT ASSETS
42,700
16,152
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
42,700
16,152
---------
---------
CAPITAL AND RESERVES
Called up equity share capital
9
100
100
Profit and loss account
10
42,600
16,052
---------
---------
SHAREHOLDER'S FUNDS
42,700
16,152
---------
---------
For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- 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 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
These accounts were approved and signed by the director and authorised for issue on 21 November 2016 .
Mr J Lovell
Company Registration Number: 09055163
JCS LOVELL COMMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2016
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover shown in the profit and loss account represents the net invoice value of services provided net of Flat Rate VAT during the year.
Fixed assets
All fixed assets are initially recorded at cost.
2. OPERATING PROFIT
Operating profit is stated after charging:
Period from
Year to
23 May 14 to
31 May 16
31 May 15
£
£
Depreciation of owned fixed assets
–
856
----
----
3. DIRECTOR'S REMUNERATION
The director's aggregate remuneration in respect of qualifying services were:
Period from
Year to
23 May 14 to
31 May 16
31 May 15
£
£
Aggregate remuneration
10,860
9,437
---------
-------
4. DIVIDENDS
Equity dividends
Period from
Year to
23 May 14 to
31 May 16
31 May 15
£
£
Paid during the year:
Dividends on equity shares
31,920
39,126
---------
---------
5. DEBTORS
2016
2015
£
£
Trade debtors
4,800
–
-------
----
6. CREDITORS: Amounts falling due within one year
2016
2015
£
£
£
Other creditors including taxation and social security:
Corporation tax
14,617
13,795
PAYE and social security
82
56
VAT
3,369
1,124
Directors current accounts
8,575
7,217
---------
---------
26,643
22,192
---------
---------
Director's Current Account is in respect of Mr J Lovell . There are no fixed repayment terms and no interest is charged to the company in respect of this balance.
7. RELATED PARTY TRANSACTIONS
During the year the company paid dividends amounting to £31,920 to Mr J Lovell, director and shareholder of the company.
8. ULTIMATE CONTROLLING PARTY
The company was under the control of Mr J Lovell throughout the current period. Mr J Lovell is the managing director and majority shareholder.
9. SHARE CAPITAL
Allotted, called up and fully paid:
2016
2015
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
100 ordinary shares of £1 were allotted and paid for at par during the period.
10. PROFIT AND LOSS ACCOUNT
Period from
Year to
23 May 14 to
31 May 16
31 May 15
£
£
Balance brought forward
16,052
–
Profit for the financial year
58,468
55,178
Equity dividends
( 31,920)
( 39,126)
---------
---------
Balance carried forward
42,600
16,052
---------
---------
JCS LOVELL COMMS LIMITED
MANAGEMENT INFORMATION
YEAR ENDED 31 MAY 2016
The following page does not form part of the statutory financial statements .
JCS LOVELL COMMS LIMITED
DETAILED PROFIT AND LOSS ACCOUNT
YEAR ENDED 31 MAY 2016
Period from
Year to
23 May 14 to
31 May 16
31 May 15
£
£
TURNOVER
88,093
83,108
OVERHEADS
Administrative expenses
15,008
14,135
---------
---------
PROFIT ON ORDINARY ACTIVITIES
73,085
68,973
---------
---------
NOTES:
ADMINISTRATIVE EXPENSES
Personnel costs
Directors fees
10,860
9,437
Employers national insurance contributions
39
–
---------
-------
10,899
9,437
-------
Establishment expenses
Insurance
437
424
General expenses
Motor expenses
2,052
1,933
Accountancy fees
1,620
1,485
Depreciation
–
856
-------
-------
3,672
4,274
---------
---------
15,008
14,135
---------
---------