IRIS Accounts Production v23.3.1.45 04497414 director 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044974142022-11-30044974142023-11-30044974142022-12-012023-11-30044974142021-11-30044974142021-12-012022-11-30044974142022-11-3004497414ns16:EnglandWales2022-12-012023-11-3004497414ns15:PoundSterling2022-12-012023-11-3004497414ns11:Director12022-12-012023-11-3004497414ns11:PrivateLimitedCompanyLtd2022-12-012023-11-3004497414ns11:SmallEntities2022-12-012023-11-3004497414ns11:AuditExempt-NoAccountantsReport2022-12-012023-11-3004497414ns11:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3004497414ns11:SmallCompaniesRegimeForAccounts2022-12-012023-11-3004497414ns11:FullAccounts2022-12-012023-11-300449741412022-12-012023-11-3004497414ns11:RegisteredOffice2022-12-012023-11-3004497414ns6:CurrentFinancialInstruments2023-11-3004497414ns6:CurrentFinancialInstruments2022-11-3004497414ns6:ShareCapital2023-11-3004497414ns6:ShareCapital2022-11-3004497414ns6:RetainedEarningsAccumulatedLosses2023-11-3004497414ns6:RetainedEarningsAccumulatedLosses2022-11-3004497414ns6:NetGoodwill2022-12-012023-11-3004497414ns6:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3004497414ns6:FurnitureFittings2022-12-012023-11-3004497414ns6:ComputerEquipment2022-12-012023-11-3004497414ns6:NetGoodwill2022-11-3004497414ns6:NetGoodwill2023-11-3004497414ns6:NetGoodwill2022-11-3004497414ns6:FurnitureFittings2022-11-3004497414ns6:ComputerEquipment2022-11-3004497414ns6:FurnitureFittings2023-11-3004497414ns6:ComputerEquipment2023-11-3004497414ns6:FurnitureFittings2022-11-3004497414ns6:ComputerEquipment2022-11-3004497414ns6:WithinOneYearns6:CurrentFinancialInstruments2023-11-3004497414ns6:WithinOneYearns6:CurrentFinancialInstruments2022-11-30
REGISTERED NUMBER: 04497414 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

JCI (Northwest) Limited

JCI (Northwest) Limited (Registered number: 04497414)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JCI (Northwest) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr G A Chadwick





REGISTERED OFFICE: Chadwick House
3 Market Place
Poulton Le Fylde
Lancashire
FY6 7AS





REGISTERED NUMBER: 04497414 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ

JCI (Northwest) Limited (Registered number: 04497414)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,219 13,660
12,219 13,660

CURRENT ASSETS
Debtors 6 148,118 189,878
Cash at bank 314,071 255,969
462,189 445,847
CREDITORS
Amounts falling due within one year 7 245,606 261,204
NET CURRENT ASSETS 216,583 184,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,802

198,303

PROVISIONS FOR LIABILITIES 3,055 2,595
NET ASSETS 225,747 195,708

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 225,647 195,608
SHAREHOLDERS' FUNDS 225,747 195,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

JCI (Northwest) Limited (Registered number: 04497414)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 23 February 2024 and were signed by:





Mr G A Chadwick - Director


JCI (Northwest) Limited (Registered number: 04497414)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

JCI (Northwest) 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 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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents charges and commissions receivable which are taken to the credit of the profit and loss account on the date the invoice for insurance cover is issued to the insured party (who has confirmed an intention to renew).This date usually coincides with the date of the inception or renewal of the policy - which is the start date of the underwriters risk, however for practical purposes it can be a few days earlier.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

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.

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.

JCI (Northwest) Limited (Registered number: 04497414)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Insurance debtors and creditors
The company acts as agent in broking the insurable risks of clients and normally is not liable as a principal for premiums due to underwriters or for claims payable to clients. Not withstanding the legal relationship with clients and underwriters, the company has followed generally accepted accounting practice for insurance brokers by showing debtors, creditors and cash balances relating to insurance business as assets and liabilities of the company itself. This recognises that the company is entitled to retain the investment income on any cash flows arising from these transactions.

In the ordinary course of insurance broking business, settlement is required to be made with certain market settlement bureaux, insurance intermediaries or insurance companies on the basis of the net balance due to or from them rather than the amount due to or from the individual third parties which it represents.

However, under FRS 102 S2.52, assets and liabilities may not be offset unless required or permitted by an FRS, and therefore insurance broking debtors and creditors are shown gross within these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 102,314
AMORTISATION
At 1 December 2022
and 30 November 2023 102,314
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

JCI (Northwest) Limited (Registered number: 04497414)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 40,713 19,862 60,575
Additions 324 2,420 2,744
At 30 November 2023 41,037 22,282 63,319
DEPRECIATION
At 1 December 2022 27,761 19,154 46,915
Charge for year 3,767 418 4,185
At 30 November 2023 31,528 19,572 51,100
NET BOOK VALUE
At 30 November 2023 9,509 2,710 12,219
At 30 November 2022 12,952 708 13,660


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 144,964 180,482
Prepayments 3,154 9,396
148,118 189,878

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 199,583 221,674
Taxation 26,642 21,616
Social security and other taxes 8,041 9,177
Directors' loan accounts 153 384
Accrued expenses 11,187 8,353
245,606 261,204