REGISTERED NUMBER: 05848924 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

JPIC GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J R Purvis

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

REGISTERED NUMBER:

05848924 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Intangible assets

4

3,114

6,227

Tangible assets

5

4,213

5,368

7,327

11,595

CURRENT ASSETS

Debtors

6

1,385,227

262,560

Cash at bank

310,158

963,898

1,695,385

1,226,458

CREDITORS

Amounts falling due within one year

7

(367,548

)

(159,328

)

NET CURRENT ASSETS

1,327,837

1,067,130

TOTAL ASSETS LESS CURRENT LIABILITIES

1,335,164

1,078,725

PROVISIONS FOR LIABILITIES

8

(1,053

)

(1,342

)

NET ASSETS

1,334,111

1,077,383

CAPITAL AND RESERVES

Called up share capital

9

6,000

6,000

Retained earnings

1,328,111

1,071,383

SHAREHOLDERS' FUNDS

1,334,111

1,077,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 18 September 2025 and were signed by:

J R Purvis - Director

1.	STATUTORY INFORMATION

JPIC Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from:

1) The provision of general insurance support is recognised at the point of sale.

2) Insurance cover is recognised in the period of the cover.

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.

Website development costs are amortised evenly over their estimated useful life of 3 years.

Tangible fixed assets

Tangible fixed assets held for the Company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% reducing balance

Computer equipment

-

straight line over 3 years

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Financial instruments

Financial assets, liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate entity. Once the contributions have been paid, the company has no further obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

£

COST

At 1 April 2024

and 31 March 2025

9,341

AMORTISATION

At 1 April 2024

3,114

Amortisation for year

3,113

At 31 March 2025

6,227

NET BOOK VALUE

At 31 March 2025

3,114

At 31 March 2024

6,227

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

8,365

17,411

25,776

DEPRECIATION

At 1 April 2024

3,409

16,999

20,408

Charge for year

743

412

1,155

At 31 March 2025

4,152

17,411

21,563

NET BOOK VALUE

At 31 March 2025

4,213

-

4,213

At 31 March 2024

4,956

412

5,368

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

87,660

82,602

Other debtors

1,297,567

179,958

1,385,227

262,560

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

19,575

15,858

Taxation and social security

263,333

80,043

Other creditors

84,640

63,427

367,548

159,328

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

1,053

1,342

Deferred tax

£

Balance at 1 April 2024

1,342

Accelerated capital allowances

(289

)

Balance at 31 March 2025

1,053

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

6,000

Ordinary

£1

6,000

6,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

J R Purvis

Balance outstanding at start of year

(31

)

(887

)

Amounts advanced

664,710

1,168

Amounts repaid

(30,659

)

(312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

634,020

(31

)

Interest of £14,008 (2024: £nil) was charged at a rate of 2.25% per annum. The loan is repayable on demand.

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.