ACCOUNTS - Final Accounts

Registered number: 04964449

JC PAYROLL SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

JC PAYROLL SERVICES LIMITED

REGISTERED NUMBER: 04964449

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Investments	4		1		-
			1		-
Current assets
Debtors: amounts falling due within one year	5	1,656,850		1,483,392
Cash at bank and in hand		5,031		10,558
		1,661,881		1,493,950
Creditors: amounts falling due within one year	6	(1,652,430)		(1,373,525)
Net current assets			9,451		120,425
Total assets less current liabilities			9,452		120,425
Net assets			9,452		120,425

Capital and reserves
Called up share capital	8	3	3
Profit and loss account		9,449	120,422
		9,452	120,425

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ A R Peal	................................................ S R Staunton
Director	Director

Date: 21 October 2025	Date:21 October 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

JC PAYROLL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

JC Payroll Services Limited is a private company limited by share capital and incorporated in England and Wales.
The Company's registered office is 2 Communications Road, Greenham Business Park, Greenham, Newbury, Berkshire, RG19 6AB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Pensions

Defined contribution pension plan

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

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

JC PAYROLL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the period was 15 (2024 - 16).

Page 3

JC PAYROLL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	1
	At 31 March 2025	1

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

JC Payroll Solutions Limited

2 Communications Road, Grennham Business Park, Newbury, Berkshire, RG19 6AB.

Ordinary

100%

Debtors

					2025	2024
					£	£

Trade debtors	277,081	220,203
Amounts owed by group undertakings	1,361,816	1,243,507
Other debtors	1,267	-
Prepayments and accrued income	16,686	19,682
	1,656,850	1,483,392

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	10,539	28,432
Amounts owed to group undertakings	1,497,561	1,257,167
Corporation tax	53,221	37,911
Other taxation and social security	74,038	21,611
Other creditors	17,071	28,404
	1,652,430	1,373,525

Page 4

JC PAYROLL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

7.	Indebtedness, guarantees and commitments

The Company has given an unlimited, multilateral guarantee in respect of facilities extended by the group’s bank.

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

3 (2024 - 3) Ordinary shares of £1 each	3	3

9.	Pension commitments

The Company contributes to a defined contribution scheme on behalf of its employees. There are no outstanding amounts payable to the scheme at 31 March 2025 (30 April 2024: £nil).

10.	Related party transactions
	The Directors have elected to take advantage of the exemption available to them under FRS 102 section 1A in respect of transactions with other group companies, where 100% of the shareholding is held within the group.

11.	Controlling party

The parent of both the largest and smallest group in which the Company is consolidated is James Cowper LLP. Copies of the consolidated accounts are available from Companies House. The registered office of James Cowper LLP is 2 Communications Road, Greenham Business Park, Greenham, Newbury, Berkshire, RG19 6AB.
The Directors consider James Cowper LLP, an LLP registered in England and Wales, to be the ultimate parent entity and controlling party of the Company, by virtue of its shareholding.

12.	Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2025 was unqualified.

The audit report was signed on 23 October 2025 by Martin Longmore FCA (Senior Statutory Auditor) on behalf of Sumer Auditco Limited.

Page 5