J4G DESIGN & CONSULTANCY LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08917835 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

J4G DESIGN & CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Trim

Mrs N Mathers

REGISTERED OFFICE:

15 New Street

Stourport

DY13 8UW

REGISTERED NUMBER:

08917835 (England and Wales)

ACCOUNTANTS:

Midland Accountancy Group Limited

15 New Street

Stourport

Worcestershire

DY13 8UW

FIXED ASSETS

Tangible assets

4

21,355

10,914

CURRENT ASSETS

Stocks

11,180

-

Debtors

5

4,144

27,511

Cash at bank

3,366

5,561

18,690

33,072

CREDITORS

Amounts falling due within one year

6

27,688

28,776

NET CURRENT (LIABILITIES)/ASSETS

(8,998

)

4,296

TOTAL ASSETS LESS CURRENT LIABILITIES

12,357

15,210

CREDITORS

Amounts falling due after more than one year

7

(12,818

)

(2,004

)

PROVISIONS FOR LIABILITIES

8

(4,057

)

(2,183

)

NET (LIABILITIES)/ASSETS

(4,518

)

11,023

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(4,618

)

10,923

SHAREHOLDERS' FUNDS

(4,518

)

11,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 24 October 2018 and were signed on its behalf by:

G Trim - Director

1.	STATUTORY INFORMATION

J4G DESIGN & CONSULTANCY 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles - 25% on reducing value

Fixtures & Fittings - 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

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 2 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 May 2017

4,878

22,350

27,228

Additions

-

27,332

27,332

Disposals

-

(21,630

)

(21,630

)

At 30 April 2018

4,878

28,052

32,930

DEPRECIATION

At 1 May 2017

3,392

12,922

16,314

Charge for year

858

6,909

7,767

Eliminated on disposal

-

(12,506

)

(12,506

)

At 30 April 2018

4,250

7,325

11,575

NET BOOK VALUE

At 30 April 2018

628

20,727

21,355

At 30 April 2017

1,486

9,428

10,914

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 May 2017

22,350

Additions

27,332

Disposals

(21,630

)

At 30 April 2018

28,052

DEPRECIATION

At 1 May 2017

12,922

Charge for year

6,909

Eliminated on disposal

(12,506

)

At 30 April 2018

7,325

NET BOOK VALUE

At 30 April 2018

20,727

At 30 April 2017

9,428

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

240

27,511

VAT

3,904

-

4,144

27,511

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Hire purchase contracts

4,395

4,808

Trade creditors

1,769

7,233

Tax

-

1,765

VAT

-

2,983

Directors' current accounts

20,521

10,984

Accruals and deferred income

1,003

1,003

27,688

28,776

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

30.4.17

£

£

Hire purchase contracts

12,818

2,004

8.	PROVISIONS FOR LIABILITIES

30.4.18

30.4.17

£

£

Deferred tax

4,057

2,183

Deferred

tax

£

Balance at 1 May 2017

2,183

Provided during year

1,874

Balance at 30 April 2018

4,057