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JCP CONSULTANCY LIMITED - Company Information

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JCP Consultancy Limited

Registered Number:04569443

For the year ended 31 March 2017

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2017

JCP Consultancy Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2017

JCP Consultancy Limited

Statement of Financial Position

Registered Number :

04569443

2016

2017

Notes

Fixed assets

Intangible assets

Property, plant and equipment

10,697

9,537

Financial assets

10,699

9,539

Current assets

Trade and other receivables

177,883

90,632

362,652

Cash and cash equivalents

561,441

652,073

540,535

Trade and other payables: amounts falling due within one

year

(234,398)

(169,981)

306,137

482,092

Net current assets

Total assets less current liabilities

492,791

315,676

492,791

Net assets

315,676

Capital and reserves

Called up share capital

200

Retained earnings

492,591

315,476

492,791

315,676

Shareholders' funds

For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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For the year ended 31 March 2017

JCP Consultancy Limited

Statement of Financial Position Continued

Mr S. Vaughan Director

These financial statements were approved and authorised for issue by the Board on 04 August 2017 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2017

JCP Consultancy Limited

Notes to the Financial Statements

Statutory Information

JCP Consultancy Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 04569443.

Registered address:

Omega Court

368 Cemetery Road

Sheffield

S11 8FT

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and

the Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

25% Reducing balance

Computer equipment

20% Reducing balance

Fixtures & equipment

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For the year ended 31 March 2017

JCP Consultancy Limited

Notes to the Financial Statements Continued

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

2. Intangible fixed assets

Other

Intangible

Assets

Total

Goodwill

Cost or valuation

434,900

At 01 April 2016

437,872

2,972

437,872

434,900

At 31 March 2017

2,972

Amortisation

437,871

434,900

At 01 April 2016

2,971

437,871

At 31 March 2017

434,900

2,971

Net book value

At 31 March 2017

At 31 March 2016

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For the year ended 31 March 2017

JCP Consultancy Limited

Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Computer

equipment

Fixtures &

equipment

Cost or

valuation

At 01 April 2016

31,800

13,065

18,735

4,034

1,962

2,072

Additions

At 31 March 2017

20,807

15,027

35,834

Provision for depreciation and impairment

At 01 April 2016

22,263

11,842

10,421

Charge for year

2,874

796

2,078

At 31 March 2017

25,137

12,638

12,499

At 31 March 2017

Net book value

8,308

2,389

10,697

At 31 March 2016

8,314

1,223

9,537

4. Investments held as fixed assets

Other investments

Total

At 01 April 2016

Cost

At 31 March 2017

Net book value

At 01 April 2016

5. Trade and other receivables

2016

2017

Trade debtors

90,632

177,883

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For the year ended 31 March 2017

JCP Consultancy Limited

Notes to the Financial Statements Continued

6. Trade and other payables: amounts falling due within one year

2016

2017

Trade creditors

66,756

95,251

Taxation and social security

81,665

98,206

Other creditors

21,560

40,941

169,981

234,398

7. Related party transactions

The directors are also shareholders of the company. Dividends paid to the directors during the year (with the

previous year shown in brackets) were as follows: Mr S. Vaughan £62,000 (£76,250).

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