JRC Training Limited
Registered number: 09640886
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 386 553
Current assets
Debtors 4 41,496 6,500
Cash at bank and in hand 20,513 10,256
62,009 16,756
Creditors: amounts falling due within one year 5 (29,056) (15,363)
Net current assets 32,953 1,393
Net assets 33,339 1,946
Capital and reserves
Called up share capital 1 1
Profit and loss account 33,338 1,945
Shareholder's funds 33,339 1,946
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr J Ferran
Director
Approved by the board on 3 December 2024
JRC Training Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,881
At 31 March 2024 1,881
Depreciation
At 1 April 2023 1,328
Charge for the year 167
At 31 March 2024 1,495
Net book value
At 31 March 2024 386
At 31 March 2023 553
4 Debtors 2024 2023
£ £
Trade debtors 41,496 6,233
Other debtors - 267
41,496 6,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 15,141 5,941
Other taxes and social security costs 11,497 8,922
Other creditors 2,418 500
29,056 15,363
6 Other information
JRC Training Limited is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
CH44 4BT
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