Jbex Consulting Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07717716 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Jbex Consulting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Verhaeg

REGISTERED OFFICE:

Tanglewood

Teddington

Tewkesbury

Gloucestershire

GL20 8JA

REGISTERED NUMBER:

07717716 (England and Wales)

ACCOUNTANT:

Integro Accounting Ltd

Clipper House

Billington Road

Leighton Buzzard

Bedfordshire

LU7 4AJ

FIXED ASSETS

Tangible assets

4

1,200

1,534

CURRENT ASSETS

Debtors

5

29,287

22,011

Cash at bank

8,396

19,375

37,683

41,386

CREDITORS

Amounts falling due within one year

6

22,577

22,066

NET CURRENT ASSETS

15,106

19,320

TOTAL ASSETS LESS CURRENT LIABILITIES

16,306

20,854

PROVISIONS FOR LIABILITIES

-

343

NET ASSETS

16,306

20,511

CAPITAL AND RESERVES

Called up share capital

10

1

Retained earnings

16,296

20,510

SHAREHOLDERS' FUNDS

16,306

20,511

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 18 April 2018 and were signed by:

A Verhaeg - Director

1.	STATUTORY INFORMATION

Jbex Consulting Ltd 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.

Plant and machinery etc

-

50% on cost, 25% on reducing balance and 25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2016

449

3,848

4,297

Additions

-

809

809

At 31 July 2017

449

4,657

5,106

DEPRECIATION

At 1 August 2016

246

2,517

2,763

Charge for year

51

1,092

1,143

At 31 July 2017

297

3,609

3,906

NET BOOK VALUE

At 31 July 2017

152

1,048

1,200

At 31 July 2016

203

1,331

1,534

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

29,287

22,011

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

1

-

Tax

13,783

13,984

Social security and other taxes

(1,903

)

(1,894

)

VAT

4,723

4,319

Directors' loan accounts

5,273

5,057

Accrued expenses

700

600

22,577

22,066

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Verhaeg.