JPO Industries Limited,Ltd - AccountsLtd - Accounts

JPO Industries Limited,Ltd - AccountsLtd - Accounts

JPO INDUSTRIES LIMITED - Company Information

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2016-04-01 08399597 2017-03-31 08399597 2016-04-01 2017-03-31 08399597 2016-03-31 08399597 2015-04-01 2016-03-31 08399597 uk-core:WithinOneYear 2016-03-31 08399597 uk-core:WithinOneYear 2017-03-31 08399597 uk-core:ShareCapital 2017-03-31 08399597 uk-core:ShareCapital 2016-03-31 08399597 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 08399597 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 08399597 uk-bus:Director1 2016-04-01 2017-03-31 08399597 uk-core:PlantMachinery 2016-04-01 2017-03-31 iso4217:GBP 08399597 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 08399597 uk-bus:FRS102 2016-04-01 2017-03-31 08399597 uk-bus:FullAccounts 2016-04-01 2017-03-31 08399597 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
JPO Industries Limited
Registered Number:08399597
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
JPO Industries Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2017
JPO Industries Limited
Statement of Financial Position
Registered Number :
08399597
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
135
180
2
135
180
Current assets
Inventories
-
18,500
3
Trade and other receivables
5,233
-
4
795
Cash and cash equivalents
8,303
26,803
6,028
Trade and other payables: amounts falling due within one
year
(6,199)
(26,083)
5
(171)
720
Net current assets
Total assets less current liabilities
855
9
855
Net assets
9
Capital and reserves
Called up share capital
100
100
Retained earnings
755
(91)
855
9
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.
John Owens Director
These financial statements were approved and authorised for issue by the Board on 11 December 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2017
JPO Industries Limited
Notes to the Financial Statements
Statutory Information
JPO Industries Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08399597.
Registered address:
Suites 5 & 7, 3rd Floor Roxby House
20-22 Station Road
Sidcup
Kent
DA15 7EJ
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.
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:
Plant and machinery
25% Reducing balance
2. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 April 2016
330
At 31 March 2017
330
Provision for depreciation and impairment
At 01 April 2016
150
Charge for year
45
At 31 March 2017
195
At 31 March 2017
Net book value
135
At 31 March 2016
180
2 of 3
5
For the year ended 31 March 2017
JPO Industries Limited
Notes to the Financial Statements Continued
3. Inventories
2016
2017
£
£
Stocks
18,500
-
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.
4. Trade and other receivables
2016
2017
£
£
Amounts owed by group undertakings and participating interests
-
4,304
Other debtors
-
929
5,233
-
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
18,365
-
Taxation and social security
4,223
2,809
Other creditors
3,495
3,390
26,083
6,199
6. Related party transactions
During the year the company paid dividends of £16,000 (2016: £11,400) and management fees of £4,000 (2016:
£1,200) to John Paul Owens Limited, its controlling company.
During the 2 years ending 31 March 2017, John Paul Owens Limited, a company, controlled the company by virtue
of a controlling interest of 100% of the issued ordinary share capital.
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