Company Registration No. 08064758 (England and Wales)
JCNC Ltd
Unaudited accounts
for the year ended 31 March 2025
JCNC Ltd
Unaudited accounts
Contents
JCNC Ltd
Company Information
for the year ended 31 March 2025
Company Number
08064758 (England and Wales)
Registered Office
2 Denman Close
Retford
Nottinghamshire
DN22 7QG
England
Accountants
Baobab Accounting Limited
20-22 Wenlock Road
London
N1 7GU
JCNC Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
25,273
36,142
Creditors: amounts falling due within one year
(9,662)
(9,348)
Net current assets
15,611
29,051
Total assets less current liabilities
15,611
29,051
Creditors: amounts falling due after more than one year
(14,808)
(24,948)
Called up share capital
100
100
Profit and loss account
703
4,003
Shareholders' funds
803
4,103
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2025 and were signed on its behalf by
JC Nel
Director
Company Registration No. 08064758
JCNC Ltd
Notes to the Accounts
for the year ended 31 March 2025
JCNC Ltd is a private company, limited by shares, registered in England and Wales, registration number 08064758. The registered office is 2 Denman Close, Retford, Nottinghamshire, DN22 7QG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & machinery
20% On cost
Motor vehicles
20% On cost
Fixtures & fittings
20% On cost
Computer equipment
20% On cost
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
JCNC Ltd
Notes to the Accounts
for the year ended 31 March 2025
Coronavirus Job Retention Scheme - The company accounts for grants using the accrual method. The company received a government grant during the year of £0 (31 March 2023: £0) which was in relation to the Coronavirus Job Retention Scheme.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
7,415
16,167
5,092
28,674
At 31 March 2025
7,415
16,167
5,092
28,674
At 1 April 2024
7,415
16,167
5,092
28,674
At 31 March 2025
7,415
16,167
5,092
28,674
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
8,628
8,191
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
At the year end, the company owed to director JC Nel £8,628 (2024 : £8,191).
During the year, total dividends of £Nil (2023: £Nil) were paid to the director.
The ultimate controlling party is J C Nel, the director and shareholder of the company.
JCNC Ltd
Notes to the Accounts
for the year ended 31 March 2025
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).