JM ICT Consultancy Limited - Limited company accounts 18.2

REGISTERED NUMBER: SC170798 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2017

for

JM ICT Consultancy Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

J McCurrach

REGISTERED OFFICE:

Amicable House

252 Union street

Aberdeen

AB10 1TN

REGISTERED NUMBER:

SC170798 (Scotland)

ACCOUNTANTS:

MacDonald Accountancy Services

12 Allardice Street

Stonehaven

Aberdeenshire

AB39 2BQ

The director presents his report with the financial statements of the company for the year ended 31 December 2017.

DIRECTOR

J McCurrach held office during the whole of the period from 1 January 2017 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

J McCurrach - Director

12 September 2018

TURNOVER

8,696

12,442

Administrative expenses

8,554

8,654

OPERATING PROFIT and

PROFIT BEFORE TAXATION

142

3,788

Tax on profit

56

230

PROFIT FOR THE FINANCIAL YEAR

86

3,558

CURRENT ASSETS

Debtors

5

992

3

Cash at bank

3,999

6,599

4,991

6,602

CREDITORS

Amounts falling due within one year

6

1,187

884

NET CURRENT ASSETS

3,804

5,718

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,804

5,718

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

3,802

5,716

SHAREHOLDERS' FUNDS

3,804

5,718

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 September 2018 and were signed by:

J McCurrach - Director

1.	STATUTORY INFORMATION

JM ICT Consultancy Limited is a private company, limited by shares , registered in Scotland. 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.

Computer equipment

-

25% on reducing balance

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 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2017

and 31 December 2017

10,394

DEPRECIATION

At 1 January 2017

and 31 December 2017

10,394

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Trade debtors

992

-

Other debtors

-

3

992

3

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Taxation and social security

416

230

Other creditors

771

654

1,187

884