Caseware UK (AP4) 2016.0.181 2016.0.181 No description of principal activityfalse2017-03-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue 09784449 2017-03-01 2018-02-28 09784449 2015-09-18 2017-02-28 09784449 2018-02-28 09784449 2017-02-28 09784449 c:Director1 2017-03-01 2018-02-28 09784449 d:MotorVehicles 2017-03-01 2018-02-28 09784449 d:MotorVehicles 2018-02-28 09784449 d:MotorVehicles 2017-02-28 09784449 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2017-03-01 2018-02-28 09784449 d:OfficeEquipment 2017-03-01 2018-02-28 09784449 d:OfficeEquipment 2018-02-28 09784449 d:OfficeEquipment 2017-02-28 09784449 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-03-01 2018-02-28 09784449 d:OwnedOrFreeholdAssets 2017-03-01 2018-02-28 09784449 d:LeasedAssetsHeldAsLessee 2017-03-01 2018-02-28 09784449 d:CurrentFinancialInstruments 2018-02-28 09784449 d:CurrentFinancialInstruments 2017-02-28 09784449 d:Non-currentFinancialInstruments 2017-02-28 09784449 d:CurrentFinancialInstruments d:WithinOneYear 2018-02-28 09784449 d:CurrentFinancialInstruments d:WithinOneYear 2017-02-28 09784449 d:Non-currentFinancialInstruments d:AfterOneYear 2017-02-28 09784449 d:UKTax 2017-03-01 2018-02-28 09784449 d:UKTax 2015-09-18 2017-02-28 09784449 d:ShareCapital 2018-02-28 09784449 d:ShareCapital 2017-02-28 09784449 d:RetainedEarningsAccumulatedLosses 2018-02-28 09784449 d:RetainedEarningsAccumulatedLosses 2017-02-28 09784449 d:AcceleratedTaxDepreciationDeferredTax 2018-02-28 09784449 c:FRS102 2017-03-01 2018-02-28 09784449 c:AuditExemptWithAccountantsReport 2017-03-01 2018-02-28 09784449 c:FullAccounts 2017-03-01 2018-02-28 09784449 c:PrivateLimitedCompanyLtd 2017-03-01 2018-02-28 09784449 d:HirePurchaseContracts d:WithinOneYear 2018-02-28 09784449 d:HirePurchaseContracts d:WithinOneYear 2017-02-28 09784449 d:HirePurchaseContracts d:BetweenOneFiveYears 2017-02-28 iso4217:GBP xbrli:pure

Registered number: 09784449










David J P Jarman Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 28 February 2018

 
David J P Jarman Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of David J P Jarman Limited for the Year Ended 28 February 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of David J P Jarman Limited for the year ended 28 February 2018 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/ members/regulations-standards-and-guidance/.

This report is made solely to the director of David J P Jarman Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of David J P Jarman Limited and state those matters that we have agreed to state to the director of David J P Jarman Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David J P Jarman Limited and its director for our work or for this report. 

It is your duty to ensure that David J P Jarman Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of David J P Jarman Limited. You consider that David J P Jarman Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of David J P Jarman Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





Kreston Reeves LLP
 
Chartered Accountants
  
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
9 November 2018
Page 1

 
David J P Jarman Limited
Registered number: 09784449

Balance sheet
As at 28 February 2018

2018
2017
Note
£
£

Fixed assets
  

Tangible assets
 6 
18,573
26,327

  
18,573
26,327

Current assets
  

Debtors: amounts falling due within one year
 7 
14,468
15,478

Cash at bank and in hand
 8 
30,413
22,307

  
44,881
37,785

Creditors: amounts falling due within one year
 9 
(25,540)
(10,607)

Net current assets
  
 
 
19,341
 
 
27,178

Total assets less current liabilities
  
37,914
53,505

Creditors: amounts falling due after more than one year
 10 
-
(18,019)

Provisions for liabilities
  

Deferred tax
 12 
(3,157)
-

  
 
 
(3,157)
 
 
-

Net assets
  
34,757
35,486


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
34,756
35,485

  
34,757
35,486


Page 2

 
David J P Jarman Limited
Registered number: 09784449

Balance sheet (continued)
As at 28 February 2018

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 November 2018.




D J P Jarman
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
David J P Jarman Limited
 

 
Notes to the financial statements
For the Year Ended 28 February 2018

1.


General information

David J P Jarman Limited is a private company limited by shares and is incorporated in England and Wales with the registration number 09784449. The address of the registered office is 37 St Margaret's Street, Canterbury, Kent, England, CT1 2TU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
David J P Jarman Limited
 

 
Notes to the financial statements
For the Year Ended 28 February 2018

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25% straight line
Office equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
David J P Jarman Limited
 

 
Notes to the financial statements
For the Year Ended 28 February 2018

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2017 - 1).

Page 6

 
David J P Jarman Limited
 

 
Notes to the financial statements
For the Year Ended 28 February 2018

4.


Taxation


2018
2017
£
£

Corporation tax


Current tax on profits for the year
4,760
2,310


4,760
2,310


Total current tax
4,760
2,310

Deferred tax


Origination and reversal of timing differences
3,157
-

Total deferred tax
3,157
-


Taxation on profit on ordinary activities
7,917
2,310

Factors affecting tax charge for the year/period

There were no factors that affected the tax charge for the year/period which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2017 - 
20%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.


5.


Dividends

2018
2017
£
£


Dividends paid
10,000
-

10,000
-

Page 7

 
David J P Jarman Limited
 

 
Notes to the financial statements
For the Year Ended 28 February 2018

6.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 March 2017
32,250
659
32,909


Additions
-
550
550



At 28 February 2018

32,250
1,209
33,459



Depreciation


At 1 March 2017
6,450
132
6,582


Charge for the year on owned assets
-
242
242


Charge for the year on financed assets
8,062
-
8,062



At 28 February 2018

14,512
374
14,886



Net book value



At 28 February 2018
17,738
835
18,573



At 28 February 2017
25,800
527
26,327

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2018
2017
£
£



Motor vehicles
17,738
25,800

17,738
25,800


7.


Debtors

2018
2017
£
£


Trade debtors
4,086
4,310

Other debtors
10,382
11,168

14,468
15,478


Page 8

 
David J P Jarman Limited
 

 
Notes to the financial statements
For the Year Ended 28 February 2018

8.


Cash and cash equivalents

2018
2017
£
£

Cash at bank and in hand
30,413
22,307



9.


Creditors: Amounts falling due within one year

2018
2017
£
£

Corporation tax
4,760
2,310

Obligations under finance lease and hire purchase contracts
18,019
4,403

Accruals and deferred income
2,761
3,894

25,540
10,607



10.


Creditors: Amounts falling due after more than one year

2018
2017
£
£

Net obligations under finance leases and hire purchase contracts
-
18,019



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2018
2017
£
£


Within one year
18,019
4,403

Between 1-5 years
-
18,019

18,019
22,422

Page 9

 
David J P Jarman Limited
 

 
Notes to the financial statements
For the Year Ended 28 February 2018

12.


Deferred taxation




2018


£






Charged to profit or loss
(3,157)



At end of year
(3,157)

The deferred taxation balance is made up as follows:

2018
2017
£
£


Accelerated capital allowances
(3,157)
-

(3,157)
-


13.


Transactions with directors

As at the 28 February 2018 the company was owed £8,492 (2017 - £9,278) by Mr D J P Jarman, a director.  Interest has been charged on the loan at 2.5%.
Dividends of £10,000 (2017 - £Nil) were payable to shareholders.


14.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.


Page 10