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Registration number: 07779695

JPS Event Consultancy Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

JPS Event Consultancy Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

JPS Event Consultancy Limited

Company Information

Directors

J Perry

J Fox-Perry

J J Larcombe-Ford

Registered office

Exonbury House
Ide Lane
Pocombe Bridge
Exeter
Devon
EX2 9SW

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

JPS Event Consultancy Limited

(Registration number: 07779695)
Balance Sheet as at 31 October 2024

Note

2024
£


 
2023
£

Fixed assets

 

Tangible assets

4

47,640

73,133

Current assets

 

Debtors

5

13,525

48,968

Cash at bank and in hand

 

79,861

74,935

 

93,386

123,903

Creditors: Amounts falling due within one year

6

(85,538)

(129,388)

Net current assets/(liabilities)

 

7,848

(5,485)

Total assets less current liabilities

 

55,488

67,648

Creditors: Amounts falling due after more than one year

6

(1,886)

(5,523)

Provisions for liabilities

(5,832)

(9,068)

Net assets

 

47,770

53,057

Capital and reserves

 

Called up share capital

100

100

Retained earnings

47,670

52,957

Shareholders' funds

 

47,770

53,057

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

JPS Event Consultancy Limited

(Registration number: 07779695)
Balance Sheet as at 31 October 2024

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 April 2025 and signed on its behalf by:
 

.........................................
J Perry
Director

 

JPS Event Consultancy Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
Exonbury House
Ide Lane
Pocombe Bridge
Exeter
Devon
EX2 9SW

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.

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.

Government grants

The job retention scheme grant has been recognised under the accrual model and is credited to income over the periods in which the compensated costs have been recognised.

Tax

The tax expense for the period comprises current and deferred 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.

The current 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.

 

JPS Event Consultancy Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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

Leasehold property

10% straight line

Office equipment

25% straight line

Motor vehicles

25% straight line

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.

 

JPS Event Consultancy Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

Borrowings

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

JPS Event Consultancy Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 2).

4

Tangible assets

Land and buildings
£

Office equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

29,355

26,701

237,976

294,032

Additions

-

108

-

108

At 31 October 2024

29,355

26,809

237,976

294,140

Depreciation

At 1 November 2023

6,632

24,158

190,109

220,899

Charge for the period

2,935

1,587

21,079

25,601

At 31 October 2024

9,567

25,745

211,188

246,500

Carrying amount

At 31 October 2024

19,788

1,064

26,788

47,640

At 31 October 2023

22,723

2,543

47,867

73,133

Included within the net book value of land and buildings above is £19,788 (2023 - £22,723) in respect of short leasehold land and buildings.
 

5

Debtors

2024
£

2023
£

Trade debtors

7,081

36,432

Other debtors

669

-

Prepayments and accrued income

5,775

12,536

Total current trade and other debtors

13,525

48,968

 

JPS Event Consultancy Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 October 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

3,950

19,979

Trade creditors

 

25

2,469

Taxation and social security

 

72,734

78,774

Other creditors

 

3,551

5,618

Accrued expenses

 

1,850

1,850

Deferred income

 

3,428

20,698

 

85,538

129,388

Due after one year

 

Loans and borrowings

7

1,886

5,523

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

1,886

5,523

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

3,950

4,043

Hire purchase contracts

-

15,936

3,950

19,979

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

1,886

5,523