Jesse Armstrong Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05734692 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Jesse Armstrong Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J D J Armstrong

REGISTERED OFFICE:

Clay Barn

Ipsley Court

Berrington Close

Redditch

Worcestershire

B98 0TJ

REGISTERED NUMBER:

05734692 (England and Wales)

ACCOUNTANTS:

Clay Knox Ltd

Clay Barn

Ipsley Court

Berrington Close

Redditch

Worcestershire

B98 0TJ

FIXED ASSETS

Tangible assets

5

4,709

5,748

CURRENT ASSETS

Debtors

242,210

51,593

Cash at bank

509,175

865,161

751,385

916,754

CREDITORS

Amounts falling due within one year

69,956

183,218

NET CURRENT ASSETS

681,429

733,536

TOTAL ASSETS LESS CURRENT LIABILITIES

686,138

739,284

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

686,136

739,282

SHAREHOLDERS' FUNDS

686,138

739,284

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 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 29 November 2018 and were signed by:

J D J Armstrong - Director

1.	STATUTORY INFORMATION

Jesse Armstrong 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.	STATEMENT OF COMPLIANCE

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 entity transitioned from previous UK GAAP to FRS102 as at 1st April 2015.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents fair value of the consideration received or receivable for services provided during the reporting

period, excluding value added tax.

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

-

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 statement of financial position date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of

financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the

date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

31,568

Additions

530

At 31 March 2018

32,098

DEPRECIATION

At 1 April 2017

25,820

Charge for year

1,569

At 31 March 2018

27,389

NET BOOK VALUE

At 31 March 2018

4,709

At 31 March 2017

5,748

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and 31 March 2017:

2018

2017

£

£

J D J Armstrong

Balance outstanding at start of year

(86

)

(15

)

Amounts advanced

369,703

259,929

Amounts repaid

(284,037

)

(260,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

85,580

(86

)

Interest is charged on the advances and credits to directors' at a rate of 3%.