J P Creative Limited - Accounts to registrar (filleted) - small 17.3
J P Creative Limited - Accounts to registrar (filleted) - small 17.3
| Unaudited Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| J P Creative Limited |
| J P Creative Limited (Registered number: 04356192) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| J P Creative Limited |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants |
| 146 High Street |
| Billericay |
| Essex |
| CM12 9DF |
| J P Creative Limited (Registered number: 04356192) |
| Balance Sheet |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| J P Creative Limited (Registered number: 04356192) |
| Balance Sheet - continued |
| 31 March 2017 |
| 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 by: |
| J P Creative Limited (Registered number: 04356192) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| J P Creative Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery etc | - |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| J P Creative Limited (Registered number: 04356192) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Employer financed retirement benefit schemes (efrbs) |
| In the year to 31 March 2010 the Company established an employer financed retirement benefit scheme for the |
| benefit of its officers, employees and their wider families, The JP Creative Limited Employer Financed |
| Retirement Benefit Scheme ("the Scheme"). |
| In accordance with UITF 32 "Employee Benefit Trusts and other intermediate payment arrangements" the |
| Company does not include the assets and liabilities of the Scheme on its balance sheet to the extent that it |
| considers that it will not retain any future economic benefit from the assets of the Scheme and will not have |
| control of the rights or other access to those future economic benefits." |
| Share based payments |
| The company issues equity based share based payments to certain employees. Under the ruling of the Financial |
| Reporting Standard for Smaller Entities, equity-share based payments are not recorded in the financial statements |
| and are recognised on a disclosure only basis. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 April 2016 |
| and 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| J P Creative Limited (Registered number: 04356192) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Tax |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Directors' loan accounts | 95,104 | 104 |
| Accrued expenses |
| 8. | SHARE-BASED PAYMENT TRANSACTIONS |
| During previous years the Company entered into Enterprise Management Incentive Share Option Contract (EMI |
| Scheme) the details of which are set out below: |
| Grant | 12 February 2015 |
| Exercise Price | £15.39 |
| Number of Shares | 417 |
| Number of Employees | 3 |
| Performance conditions | The option may not in any event be exercised after the tenth anniversary of the date of the grant. |
| The options may only be exercised after the occurrence of a Takeover, Sale or |
| Admission or such earlier date as determined by the Directors in their absolute |
| discretion. |
| The option may not be exercised after the option holder no longer holds |
| employment with any member of the group or has given or received notice of |
| termination of their employment with any member of the group, unless specific |
| exceptions are met. |
| No options were exercised during the year or the previous year. |