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Registration number: 08984095

JPE Consultancy Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

JPE Consultancy Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

JPE Consultancy Ltd

Company Information

Director

James P Eccles

Registered office

Office 4, 1st Floor
Victory House, The Sidings
Whalley
Clitheroe
Lancashire
BB7 9SE

Accountants

King Street Accounts
Office 4, 1st Floor
Victory House, The Sidings
Whalley
Clitheroe
Lancashire
BB7 9SE

 

JPE Consultancy Ltd

(Registration number: 08984095)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

232

310

Current assets

 

Debtors

5

8,916

5,558

Cash at bank and in hand

 

3,689

4,724

 

12,605

10,282

Creditors: Amounts falling due within one year

6

(6,136)

(8,765)

Net current assets

 

6,469

1,517

Total assets less current liabilities

 

6,701

1,827

Creditors: Amounts falling due after more than one year

6

(387)

(246)

Net assets

 

6,314

1,581

Capital and reserves

 

Called up share capital

100

100

Retained earnings

6,214

1,481

Shareholders' funds

 

6,314

1,581

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 January 2025
 

 

JPE Consultancy Ltd

(Registration number: 08984095)
Balance Sheet as at 30 April 2024

.........................................
James P Eccles
Director

 

JPE Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Office 4, 1st Floor
Victory House, The Sidings
Whalley
Clitheroe
Lancashire
BB7 9SE

These financial statements were authorised for issue by the director on 28 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

JPE Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

JPE Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

JPE Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 May 2023

3,421

3,421

At 30 April 2024

3,421

3,421

Depreciation

At 1 May 2023

3,111

3,111

Charge for the year

78

78

At 30 April 2024

3,189

3,189

Carrying amount

At 30 April 2024

232

232

At 30 April 2023

310

310

5

Debtors

Current

2024
£

2023
£

Trade debtors

8,916

5,558

 

8,916

5,558

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

4,816

7,034

Accruals and deferred income

1,320

1,100

Other creditors

-

631

6,136

8,765

Creditors: amounts falling due after more than one year

 

JPE Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

387

246

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

387

246

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £120.00 (2023 - £270.00) per each Ordinary £1 share

12,000

27,000

 

 

9

Related party transactions

At 30 April 2024 the amount owed to the Director was £388 (2023 £246 owed to the Director ) .

Dividends of £12,000 were paid to the Director during the year (2023 £27,000 paid ) .