JMB Research Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08955861 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

JMB Research Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms J M Backett

REGISTERED OFFICE:

Co/Joom Accounting

Beauchamp House

1 Kenilworth Road

Leamington Spa

Warwickshire

CV32 5TG

REGISTERED NUMBER:

08955861 (England and Wales)

ACCOUNTANTS:

Joom Accounting Ltd

23 Deppers Bridge

Southam

CV47 2SX

FIXED ASSETS

Tangible assets

4

-

464

CURRENT ASSETS

Debtors

5

12,676

16,976

Cash at bank

25,634

25,810

38,310

42,786

CREDITORS

Amounts falling due within one year

6

11,855

29,001

NET CURRENT ASSETS

26,455

13,785

TOTAL ASSETS LESS CURRENT LIABILITIES

26,455

14,249

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

26,355

14,149

SHAREHOLDERS' FUNDS

26,455

14,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 11 October 2018 and were signed by:

Ms J M Backett - Director

1.	STATUTORY INFORMATION

JMB Research 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 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

-

33% on cost 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

1,533

DEPRECIATION

At 1 April 2017

1,069

Charge for year

464

At 31 March 2018

1,533

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

464

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

12,676

16,976

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Taxation and social security

11,537

15,885

Other creditors

318

13,116

11,855

29,001

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £318 (2016 £8,116) the loan is interest free with no fixed terms of repayment.