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REGISTERED NUMBER: 01597319 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

J.C. DESIGNS LIMITED

J.C. DESIGNS LIMITED (REGISTERED NUMBER: 01597319)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.C. DESIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTORS: J C Burchell
Mrs C Burchell





SECRETARY: Mrs C Burchell





REGISTERED OFFICE: Kingfisher House
11 Hoffmanns Way
Chelmsford
Essex
CM1 1GU





REGISTERED NUMBER: 01597319 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Kingfisher House
11 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

J.C. DESIGNS LIMITED (REGISTERED NUMBER: 01597319)

BALANCE SHEET
30 SEPTEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,420 3,364

CURRENT ASSETS
Stocks 6 8,999 10,738
Debtors 7 290,701 194,818
Cash at bank and in hand 8 100,045 120,112
399,745 325,668
CREDITORS
Amounts falling due within one year 9 385,011 302,330
NET CURRENT ASSETS 14,734 23,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,154

26,702

PROVISIONS FOR LIABILITIES 12 460 639
NET ASSETS 16,694 26,063

CAPITAL AND RESERVES
Called up share capital 13 50 50
Retained earnings 16,644 26,013
SHAREHOLDERS' FUNDS 16,694 26,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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.

J.C. DESIGNS LIMITED (REGISTERED NUMBER: 01597319)

BALANCE SHEET - continued
30 SEPTEMBER 2021


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

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 and authorised for issue on 13 September 2022 and were signed on its behalf by:




Mrs C Burchell - Director



J C Burchell - Director


J.C. DESIGNS LIMITED (REGISTERED NUMBER: 01597319)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. STATUTORY INFORMATION

J.C. Designs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements have been rounded to the nearest Pound sterling (£).

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

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

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Turnover
Goods and services
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities.

The company's primary activity is the provision of computer consultancy services. Turnover is recognised over the period the service is provided. Adjustments between accounting periods are shown under work in progress.

The company also sells computer goods. Goods supplied to customers are recognised at the point of delivery when the risks and rewards of ownership are transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance and 10% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation of a tangible fixed assets begins when it is in the location and condition necessary available for the use intended.

Tangible fixed asset depreciation is included in administrative expenses in the Income Statement.

Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the income statement in the same period as the related expenditure.

J.C. DESIGNS LIMITED (REGISTERED NUMBER: 01597319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

3. ACCOUNTING POLICIES - continued

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

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.

Research and development
Expenditure on research and development is written off in the year to the Income Statement when it is incurred.

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.

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 12 (2020 - 14 ) .

J.C. DESIGNS LIMITED (REGISTERED NUMBER: 01597319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2020
and 30 September 2021 24,779 31,818 56,597
DEPRECIATION
At 1 October 2020 23,804 29,429 53,233
Charge for year 241 703 944
At 30 September 2021 24,045 30,132 54,177
NET BOOK VALUE
At 30 September 2021 734 1,686 2,420
At 30 September 2020 975 2,389 3,364

6. STOCKS
2021 2020
£    £   
Work-in-progress 8,999 10,738

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 163,289 62,031
Other debtors 127,412 132,787
290,701 194,818

8. CASH AT BANK AND IN HAND
2021 2020
£    £   
Bank deposit account 100,000 100,000
Bank current account - 20,067
Cash in hand 45 45
100,045 120,112

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts (see note 10) 44,529 -
Trade creditors 162,060 109,598
Taxation and social security 150,733 180,000
Other creditors 27,689 12,732
385,011 302,330

J.C. DESIGNS LIMITED (REGISTERED NUMBER: 01597319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

10. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 44,529 -

11. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank overdraft 44,529 -

The bank overdraft is secured by a fixed and floating charge over all property and assets present and future with Svenska Handelsbanken AB dated 11 June 2009.

12. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax
Accelerated capital allowances 460 639

Deferred
tax
£   
Balance at 1 October 2020 639
Provided during year (179 )
Accelerated capital allowances
Balance at 30 September 2021 460

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
50 Ordinary £1 50 50

J.C. DESIGNS LIMITED (REGISTERED NUMBER: 01597319)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

14. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.

20212020
££

Contributions payable by the company for the year6,7277,923
Contributions payable to the fund at the year end included in other
creditors

(1,376

)


(1,433

)

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other debtors at the balance sheet date is an amount of £70,724 (2020: £70,546) due from the directors of the company.

Interest of £3,054 (2020: £3,603) has been charged on this loan at the beneficial rate set by HMRC during the year.

16. RELATED PARTY DISCLOSURES

Other related parties

2021 2020
£ £
Purchases from a related party 33,000 33,000
Amounts payable to related party include in trade creditors 53,828 28,050

The amounts shown above concern transactions with J Burchell and C Burchell.

17. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J Burchell and Mrs C Burchell, who are directors of the company,
and between them own 100% of the company's issued share capital.