JP Solutions International Limited - Period Ending 2017-12-31
JP Solutions International Limited - Period Ending 2017-12-31
Registration number:
JP Solutions International Limited
for the Year Ended 31 December 2017
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
JP Solutions International Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
JP Solutions International Limited
Company Information
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Director |
Mr G Carlon |
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Registration number |
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Registered office |
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Accountants |
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Page 1 |
JP Solutions International Limited
(Registration number: 05729991)
Balance Sheet as at 31 December 2017
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2016 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Page 2 |
JP Solutions International Limited
(Registration number: 05729991)
Balance Sheet as at 31 December 2017
For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Mr G Carlon
Director
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Page 3 |
JP Solutions International Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
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General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
UK
The principal place of business is:
16 Cheshire Business Park
Lostock Gralam
Northwich
Cheshire
CW9 7UA
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Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
10% Straight line |
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Fixtures and fittings |
25% Straight line |
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Office equipment |
33% Straight line |
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Page 4 |
JP Solutions International Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Page 5 |
JP Solutions International Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
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Tangible assets |
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Furniture, fittings and equipment |
Other property, plant and equipment |
Total |
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Cost or valuation |
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At 1 January 2017 |
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Additions |
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Disposals |
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At 31 December 2017 |
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Depreciation |
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At 1 January 2017 |
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Charge for the year |
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Eliminated on disposal |
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At 31 December 2017 |
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Carrying amount |
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At 31 December 2017 |
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At 31 December 2016 |
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Stocks |
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2017 |
2016 |
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Other inventories |
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Debtors |
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Note |
2017 |
2016 |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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Total current trade and other debtors |
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Page 6 |
JP Solutions International Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
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Creditors |
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Note |
2017 |
2016 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Other creditors |
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Page 7 |