J L S Outdoor Media Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06834683 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2018 to 30 June 2019

for

J L S OUTDOOR MEDIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Goulding

REGISTERED OFFICE:

39 Northgate

White Lund

Morecambe

Lancashire

LA3 3PA

REGISTERED NUMBER:

06834683 (England and Wales)

ACCOUNTANTS:

RfM Preston Ltd

Chartered Accountants

120-124 Towngate

Leyland

Lancashire

PR25 2LQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

33,706

41,817

33,706

41,817

CURRENT ASSETS

Debtors

6

-

35,355

Cash at bank and in hand

11,095

13,188

11,095

48,543

CREDITORS

Amounts falling due within one year

7

20,269

10,907

NET CURRENT (LIABILITIES)/ASSETS

(9,174

)

37,636

TOTAL ASSETS LESS CURRENT LIABILITIES

24,532

79,453

CREDITORS

Amounts falling due after more than one year

8

17,444

32,779

NET ASSETS

7,088

46,674

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7,087

46,673

SHAREHOLDERS' FUNDS

7,088

46,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2019 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 on 31 March 2020 and were signed by:

J Goulding - Director

1.	STATUTORY INFORMATION

J L S Outdoor Media 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.

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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

TAXATION

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 30 June 2019

20,000

AMORTISATION

At 1 April 2018

and 30 June 2019

20,000

NET BOOK VALUE

At 30 June 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

76,261

Additions

5,068

Disposals

(1,620

)

At 30 June 2019

79,709

DEPRECIATION

At 1 April 2018

34,444

Charge for period

11,559

At 30 June 2019

46,003

NET BOOK VALUE

At 30 June 2019

33,706

At 31 March 2018

41,817

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

-

35,355

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Finance leases

6,381

-

Corporation Tax & VAT

12,482

9,509

Other creditors

1,406

1,398

20,269

10,907

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Finance leases

17,444

32,779