JCS Maintenance Ltd - Period Ending 2017-03-31

Registration number: 09279839

JCS Maintenance Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

Farrar Smith
Chartered Accountants
2 Woodside Mews Clayton Wood Close
West Park
Leeds
West Yorkshire
LS16 6QE

JCS Maintenance Ltd

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

JCS Maintenance Ltd

(Registration number: 09279839)
Balance Sheet as at 31 March 2017

	Note	2017 £		2016 £
Fixed assets
Intangible assets	4		4,000		6,000
Current assets
Cash at bank and in hand		1,258		579
Creditors: Amounts falling due within one year	5	(4,799)		(5,877)
Net current liabilities			(3,541)		(5,298)
Net assets			459		702
Capital and reserves
Called up share capital		100		100
Profit and loss account		359		602
Total equity			459		702

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

Director's responsibilities:

•	The members have 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 financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 27 October 2017
 

.........................................

Mr Stephen Johnstone

Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

JCS Maintenance Ltd

Notes to the Financial Statements for the Year Ended 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England & Wales.

The address of its registered office is:
2 Woodside Mews Clayton Wood Close
West Park
Leeds
West Yorkshire
LS16 6QE
England

These financial statements were authorised for issue by the director on 27 October 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% Straight Line

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 2

JCS Maintenance Ltd

Notes to the Financial Statements for the Year Ended 31 March 2017

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2016 - 1).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2016	10,000	10,000
At 31 March 2017	10,000	10,000
Amortisation
At 1 April 2016	4,000	4,000
Amortisation charge	2,000	2,000
At 31 March 2017	6,000	6,000
Carrying amount
At 31 March 2017	4,000	4,000
At 31 March 2016	6,000	6,000

5

Creditors

	Note	2017 £	2016 £
Due within one year
Taxation and social security		349	183
Other creditors		4,450	5,694
		4,799	5,877

6	Transition to FRS 102

The policies applied under the Company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 3