Registration number: 11508148

J.R.C. - Art Services Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

J.R.C. - Art Services Ltd

Company Information

Directors

Mr J R Clarke Mr Cameron Clarke

Company secretary

Mrs H Clarke

Registered office

15 Alverton Street Penzance Cornwall TR18 2QP

Accountants

D.J. Reynolds & Co. 15 Alverton Street Penzance Cornwall TR18 2QP

J.R.C. - Art Services Ltd

(Registration number: 11508148)
Balance Sheet as at 31 August 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	857	1,616
Current assets
Debtors	5	62,736	32,860
Cash at bank and in hand		111,105	16
		173,841	32,876
Creditors: Amounts falling due within one year	6	(74,495)	(14,673)
Net current assets		99,346	18,203
Total assets less current liabilities		100,203	19,819
Creditors: Amounts falling due after more than one year	6	(43,882)	(28,123)
Net assets/(liabilities)		56,321	(8,304)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		56,221	(8,404)
Shareholders' funds/(deficit)		56,321	(8,304)

For the financial year ending 31 August 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.

These financial statements have been prepared and 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 12 September 2026 and signed on its behalf by:
 

......................................... Mr J R Clarke Director

J.R.C. - Art Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
15 Alverton Street
Penzance
Cornwall
TR18 2QP

These financial statements were authorised for issue by the Board on 12 September 2026.

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 provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

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.

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.

J.R.C. - Art Services Ltd

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

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 and fittings	20% reducing balance basis
Office equipment	20% straight-line basis

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 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.

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.

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.

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.

J.R.C. - Art Services Ltd

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

3	Staff numbers

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

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 September 2023	6,913	6,913
At 31 August 2024	6,913	6,913
Depreciation
At 1 September 2023	5,297	5,297
Charge for the year	759	759
At 31 August 2024	6,056	6,056
Carrying amount
At 31 August 2024	857	857
At 31 August 2023	1,616	1,616

J.R.C. - Art Services Ltd

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

5

Debtors

Current	Note	2024 £	2023 £
Trade debtors		-	11,360
Amounts owed by related parties	9	40,730	-
Other debtors		22,006	21,500
		62,736	32,860

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	4,396	4,276
Trade creditors		600	7,010
Taxation and social security		18,510	774
Accruals and deferred income		47,800	2,533
Other creditors		3,189	80
		74,495	14,673

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	23,242	28,123
Other financial liabilities		20,640	-
		43,882	28,123

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

J.R.C. - Art Services Ltd

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

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	23,242	28,123

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	4,396	4,276

9	Related party transactions

Transactions with director

2024	At 1 September 2023 £	At 31 August 2024 £
Mr J R Clarke
Interest-free loan, repayable on demand	21,427	21,427

2023	At 1 September 2022 £	Advances to director £	Repayments by director £	At 31 August 2023 £
Mr J R Clarke
Interest-free loan, repayable on demand	27,023	7,389	(12,985)	21,427