JCI (Northwest) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04497414 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2017

for

JCI (Northwest) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G A Chadwick

REGISTERED OFFICE:

463 Waterloo Road

Blackpool

Lancashire

FY4 4BW

REGISTERED NUMBER:

04497414 (England and Wales)

ACCOUNTANTS:

CCW Limited

Chartered Accountants

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,566

3,766

1,566

3,766

CURRENT ASSETS

Debtors

6

43,373

58,384

Cash at bank

192,000

117,694

235,373

176,078

CREDITORS

Amounts falling due within one year

7

156,503

119,387

NET CURRENT ASSETS

78,870

56,691

TOTAL ASSETS LESS CURRENT LIABILITIES

80,436

60,457

PROVISIONS FOR LIABILITIES

297

623

NET ASSETS

80,139

59,834

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

80,039

59,734

SHAREHOLDERS' FUNDS

80,139

59,834

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 28 March 2018 and were signed by:

Mr G A Chadwick - Director

1.	STATUTORY INFORMATION

JCI (Northwest) 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 represents charges and commissions receivable which are taken to the credit of the profit and loss

account on the date the invoice for insurance cover is issued to the insured party (who has confirmed an intention

to renew).This date usually coincides with the date of the inception or renewal of the policy - which is the start

date of the underwriters risk, however for practical purposes it can be a few days earlier.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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.

Insurance debtors and creditors

The company acts as agent in broking the insurable risks of clients and normally is not liable as a principal for

premiums due to underwriters or for claims payable to clients. Not withstanding the legal relationship with

clients and underwriters, the company has followed generally accepted accounting practice for insurance brokers

by showing debtors, creditors and cash balances relating to insurance business as assets and liabilities of the

company itself. This recognises that the company is entitled to retain the investment income on any cash flows

arising from these transactions.

In the ordinary course of insurance broking business, settlement is required to be made with certain market

settlement bureaux, insurance intermediaries or insurance companies on the basis of the net balance due to or

from them rather than the amount due to or from the individual third parties which it represents.

However, under FRS 102 S2.52, assets and liabilities may not be offset unless required or permitted by an FRS,

and therefore insurance broking debtors and creditors are shown gross within these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2016

and 30 November 2017

102,314

AMORTISATION

At 1 December 2016

and 30 November 2017

102,314

NET BOOK VALUE

At 30 November 2017

-

At 30 November 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2016

15,957

17,617

33,574

Additions

194

627

821

At 30 November 2017

16,151

18,244

34,395

DEPRECIATION

At 1 December 2016

14,897

14,911

29,808

Charge for year

749

2,272

3,021

At 30 November 2017

15,646

17,183

32,829

NET BOOK VALUE

At 30 November 2017

505

1,061

1,566

At 30 November 2016

1,060

2,706

3,766

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

40,827

55,836

Prepayments

2,546

2,548

43,373

58,384

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Finance leases

-

2,018

Trade creditors

126,744

89,952

Taxation

19,367

18,532

Social security and other taxes

3,269

2,718

Directors' loan accounts

442

185

Accrued expenses

6,681

5,982

156,503

119,387

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr Gareth Chadwick drew funds totalling £22,220 during the period 1st December 2016 to 31st March 2017 on

account of a dividend voted to him of £28,000 in April 2017. The loan account remained in credit from April

2017 to 30th November 2017. No interest was payable on the overdrawn account and there were no fixed

repayment terms.

9.	RELATED PARTY DISCLOSURES

The company paid £7,200 (2016 £7,200) to Mr G A Chadwick for office rent for the year. The offices at 463

Waterloo Road Blackpool are owned personally by Mr G A Chadwick

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr G A Chadwick.