Jordan Fishwick (Manchester) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08027749 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2017

FOR

JORDAN FISHWICK (MANCHESTER) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M E Fishwick

M Moston

REGISTERED OFFICE:

2nd Floor

1 City Road East

Manchester

M15 4PN

REGISTERED NUMBER:

08027749 (England and Wales)

ACCOUNTANTS:

KAY JOHNSON GEE LLP

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Intangible assets

4

-

200,000

Tangible assets

5

19,299

28,601

19,299

228,601

CURRENT ASSETS

Debtors

6

129,188

100,582

Cash at bank

151,977

146,956

281,165

247,538

CREDITORS

Amounts falling due within one year

7

209,999

351,283

NET CURRENT ASSETS/(LIABILITIES)

71,166

(103,745

)

TOTAL ASSETS LESS CURRENT LIABILITIES

90,465

124,856

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

89,465

123,856

SHAREHOLDERS' FUNDS

90,465

124,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 23rd November 2017 and were signed on its behalf by:

M E Fishwick - Director

1.	STATUTORY INFORMATION

Jordan Fishwick (Manchester) Limited is a private company limited by share capital, incorporated in England

and Wales, registration number 08027749. The address of the registered office is 1 City Road East,

Manchester,M15 4PN.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on fixed assets is charged to the profit and loss so as to write off their value, over their estimated

useful lives, using the following methods:

Plant and machinery

-

25% on cost

Improvements to property

-

12.5% on cost

At each balance sheet date, the Company reviews the carrying amounts of its fixed assets to determine

whether there is any indication that any items of property, plant and equipment have suffered an impairment

loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the

extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset,

the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of

the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised

estimate of its recoverable amount, to the extent that the increased carrying amount that would have been

determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A

reversal of an impairment loss is recognised as income immediately.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported

in the statement of comprehensive income because of items of income or expense that are taxable or

deductible in other years and items that are never taxable or deductible. The Company's liability for current

tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting

period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the

financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax

liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally

recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be

available against which those deductible timing differences can be utilised. The carrying amount of deferred

tax assets is reviewed at the end of each reporting period and reduced to the extent that is no longer probable

that insufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in

which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted

or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and

assets reflects the tax consequences that would follow from the manner in which the Company expects, at the

end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in the profit and loss, except where they relate to items that

are recognised in other comprehensive income or directly in equity, in which case, the current and deferred

tax is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Assets that are held by the Company under leases which transfer to the Company substantially all the risks

and rewards of ownership are classified as being held under finance leases. Leases which do not transfer

substantially all the risks and rewards of ownership to the company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the

inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding

liability to the lessor is included in the statements of financial position as a finance lease obligation. Lease

payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a

constant rate of interest on the remaining balance of the liability, finance expenses are recognised

immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are

capitalised in accordance with the Company's policy on borrowing costs . Contingent rentals are recognised as

expenses in the periods in which they are incurred.

Operating lease payments are recognised as an expense on straight-line basis over the lease term, except

where another systematic basis is more representative of the time pattern in which economic benefits from

the leased asset are consumed. Contingent rentals arising under operating leases are recognised as an

expense in the period in which they are incurred.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as

a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line

basis, except where another systematic basis is more representative of the time pattern in which economic

benefits from the leased asset are consumed.

Financial instruments

Financial assets and liabilities are recognised when the company becomes party to the contractual provisions

of the financial instrument. The company holds basic financial instruments, which comprise cash at bank and

in hand, trade and other debtors, borrowings, and trade and other creditors. The company has chosen to

apply the measurement and recognition provisions of Section 11 Basic Financial Instruments.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the

effective interest method, less impairment losses for bad and doubtful debts except where the effect of

discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for

bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using

the effective interest method unless the effect of discounting would be immaterial, in which case they are

stated at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2016

and 30th April 2017

1,000,000

AMORTISATION

At 1st May 2016

800,000

Charge for year

200,000

At 30th April 2017

1,000,000

NET BOOK VALUE

At 30th April 2017

-

At 30th April 2016

200,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2016

208,109

Additions

8,863

Disposals

(700

)

At 30th April 2017

216,272

DEPRECIATION

At 1st May 2016

179,508

Charge for year

18,165

Eliminated on disposal

(700

)

At 30th April 2017

196,973

NET BOOK VALUE

At 30th April 2017

19,299

At 30th April 2016

28,601

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

106,117

78,589

Other debtors

23,071

21,993

129,188

100,582

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

24,523

22,977

Taxation and social security

144,309

130,428

Other creditors

41,167

197,878

209,999

351,283

8.	ULTIMATE CONTROLLING PARTY

The company was under the joint control of Mr M E Fishwick and Mr N R A Jordan who are the majority

shareholders.

9.	FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to FRS 102

and have not impacted on equity or profit and loss.