J T Hancock and Associates Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07067902 (England and Wales)

J T Hancock and Associates Limited

Unaudited Financial Statements

for the Year Ended

31 March 2017

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

J T Hancock

Ms V A M Velos

REGISTERED OFFICE:

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

REGISTERED NUMBER:

07067902 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

FIXED ASSETS

Tangible assets

4

679

799

CURRENT ASSETS

Debtors

880

720

CREDITORS

Amounts falling due within one year

(10,721

)

(6,333

)

NET CURRENT LIABILITIES

(9,841

)

(5,613

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,162

)

(4,814

)

PROVISIONS FOR LIABILITIES

(136

)

-

NET LIABILITIES

(9,298

)

(4,814

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(9,299

)

(4,815

)

SHAREHOLDERS' FUNDS

(9,298

)

(4,814

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

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 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 November 2017 and were signed on its behalf by:

J T Hancock - Director

1.	STATUTORY INFORMATION

J T Hancock and Associates Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

1,029

DEPRECIATION

At 1 April 2016

230

Charge for year

120

At 31 March 2017

350

NET BOOK VALUE

At 31 March 2017

679

At 31 March 2016

799

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2017 and 31 March 2016:

2017

2016

£

£

J T Hancock and Ms V A M Velos

Balance outstanding at start of year

(3,504

)

(1,337

)

Amounts advanced

-

17,403

Amounts repaid

(3,697

)

(19,570

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,201

)

(3,504

)

The above Directors credit is unsecured, interest free and has no fixed repayment date.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J T Hancock.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the

Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of J T Hancock and Associates Limited for the year ended 31 March 2017 which comprise the Abridged Income

Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J T Hancock and Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J T Hancock and Associates Limited and state those matters that we have agreed to state to the Board of Directors of J T Hancock and Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J T Hancock and Associates Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J T Hancock and Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J T Hancock and Associates Limited. You consider that J T Hancock and Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J T Hancock and Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

17 November 2017