Registered number
10671326
JCM Community Care Limited
Unaudited Filleted Accounts
9 June 2022
JCM Community Care Limited
Registered number: 10671326
Balance Sheet
as at 9 June 2022
Notes 2022 2021
£ £
Fixed assets
Intangible assets 3 - 21,900
Current assets
Debtors 4 26,261 21,010
Cash at bank and in hand 5,195 86,904
31,456 107,914
Creditors: amounts falling due within one year 5 (31,456) (124,344)
Net current liabilities - (16,430)
Net assets - 5,470
Capital and reserves
Called up share capital 100 100
Profit and loss account (100) 5,370
Shareholders' funds - 5,470
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K T Ahmed
Director
Approved by the board on 12 August 2022
JCM Community Care Limited
Notes to the Accounts
for the period from 1 April 2021 to 9 June 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Amounts paid to secure franchise agreements are capitalised and amortised to the profit and loss account over the estimated economic life of 10 years on a straight line basis. The current franchise agreement ceased on 9 June 2022 with the remaining balance written off.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 18 16
3 Intangible fixed assets £
Franchise fee:
Cost
At 1 April 2021 36,000
Disposals (36,000)
At 9 June 2022 -
Amortisation
At 1 April 2021 14,100
Provided during the period 4,300
On disposals (18,400)
At 9 June 2022 -
Net book value
At 9 June 2022 -
At 31 March 2021 21,900
The franchise fee was being written off in equal annual instalments over its estimated economic life of 10 years. The current franchise agreement ceased on 9 June 2022 with the remaining balance written off.
4 Debtors 2022 2021
£ £
Trade debtors 21,353 11,876
Other debtors 4,908 9,134
26,261 21,010
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts - 50,000
Trade creditors 6,268 5,723
Directors loan account - 14,903
Taxation and social security costs 5,079 12,593
Other creditors 20,109 41,125
31,456 124,344
6 Other information
JCM Community Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
66c Cecil Road
Hertford
Hertfordshire
SG13 8HS
7 Issued share capital - Prior year adjustment
The accounts have been restated to correct the issued share capital which has been incorrectly stated in the statutory accounts previously filed by the company.
Summary of prior year accounting impact £
Decrease in Director's loan account 99
Increase in Issued share capital 99
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