ACCOUNTS - Final Accounts preparation

JEREMY CARTER CONSULTANCY LIMITED - Company Information

Caseware UK (AP4) 2020.0.247 2020.0.247 2020-12-312020-12-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2020-01-01false2truetrue 10535690 2020-01-01 2020-12-31 10535690 2019-01-01 2019-12-31 10535690 2020-12-31 10535690 2019-12-31 10535690 c:Director1 2020-01-01 2020-12-31 10535690 d:MotorVehicles 2020-01-01 2020-12-31 10535690 d:MotorVehicles 2020-12-31 10535690 d:MotorVehicles 2019-12-31 10535690 d:MotorVehicles d:OwnedOrFreeholdAssets 2020-01-01 2020-12-31 10535690 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2020-01-01 2020-12-31 10535690 d:OfficeEquipment 2020-01-01 2020-12-31 10535690 d:OfficeEquipment 2020-12-31 10535690 d:OfficeEquipment 2019-12-31 10535690 d:OfficeEquipment d:OwnedOrFreeholdAssets 2020-01-01 2020-12-31 10535690 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2020-01-01 2020-12-31 10535690 d:OwnedOrFreeholdAssets 2020-01-01 2020-12-31 10535690 d:LeasedAssetsHeldAsLessee 2020-01-01 2020-12-31 10535690 d:CurrentFinancialInstruments 2020-12-31 10535690 d:CurrentFinancialInstruments 2019-12-31 10535690 d:Non-currentFinancialInstruments 2020-12-31 10535690 d:Non-currentFinancialInstruments 2019-12-31 10535690 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 10535690 d:CurrentFinancialInstruments d:WithinOneYear 2019-12-31 10535690 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 10535690 d:Non-currentFinancialInstruments d:AfterOneYear 2019-12-31 10535690 d:ShareCapital 2020-12-31 10535690 d:ShareCapital 2019-12-31 10535690 d:RetainedEarningsAccumulatedLosses 2020-12-31 10535690 d:RetainedEarningsAccumulatedLosses 2019-12-31 10535690 c:FRS102 2020-01-01 2020-12-31 10535690 c:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 10535690 c:FullAccounts 2020-01-01 2020-12-31 10535690 c:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 10535690 6 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure

Registered number: 10535690

JEREMY CARTER CONSULTANCY LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

JEREMY CARTER CONSULTANCY LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 7

JEREMY CARTER CONSULTANCY LIMITED

REGISTERED NUMBER: 10535690

BALANCE SHEET

AS AT 31 DECEMBER 2020

		2020		2019
Note		£		£

Fixed assets
Tangible assets	4		11,250		17,109
Investments	5		1		1
			11,251		17,110
Current assets
Debtors	6	12,700		33,585
Cash at bank and in hand		26,895		4,858
		39,595		38,443
Creditors: amounts falling due within one year	7	(8,588)		(7,776)
Net current assets			31,007		30,667
Total assets less current liabilities			42,258		47,777
Creditors: amounts falling due after more than one year	8		(13,246)		(15,235)

Net assets			29,012		32,542

Capital and reserves
Called up share capital	100	100
Profit and loss account	28,912	32,442
	29,012	32,542

Page 1

JEREMY CARTER CONSULTANCY LIMITED

REGISTERED NUMBER: 10535690

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2020

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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 on 30 April 2021.

J P Carter

Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

JEREMY CARTER CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1.	General information

Jeremy Carter Consultancy Limited (the Company) is a private company limited by shares. The Company is incorporated and domiciled in England. The address of its registered office is Rutland House, 148 Edmund Street, Birmingham, B3 2FD. The principal place of business is Tanyard Cottage, 2 Ropes Lane, Fernhurst Haslemere, Surrey, GU27 3JD.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

JEREMY CARTER CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Motor vehicle	-	25%	reducing balance
				Office equipment	-	33%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.5

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.

2.6

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.

2.7

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.

Page 4

JEREMY CARTER CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)

2.8

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.

Employees

The average monthly number of employees, including directors, during the year was 2 (2019 - 2).

4.	Tangible fixed assets

	Motor vehicle	Office equipment	Total
	£	£	£
Cost
At 1 January 2020	22,500	702	23,202
At 31 December 2020	22,500	702	23,202
Depreciation
At 1 January 2020	5,625	468	6,093
Charge for the year on owned assets	-	234	234
Charge for the year on financed assets	5,625	-	5,625
At 31 December 2020	11,250	702	11,952
Net book value
At 31 December 2020	11,250	-	11,250
At 31 December 2019	16,875	234	17,109

Page 5

JEREMY CARTER CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

5.	Fixed asset investments

		Listed investments
		£
	Cost
	At 1 January 2020	1
	At 31 December 2020	1

Debtors

					2020	2019
					£	£


Other debtors	12,700	33,585

7.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Trade creditors	253	-
Corporation tax	1,076	1,490
Other taxation and social security	-	1,516
Obligations under finance lease and hire purchase contracts	2,498	2,520
Other creditors	2,511	-
Accruals and deferred income	2,250	2,250
	8,588	7,776

The obligations under finance lease and hire purchase contracts are secured on the assets to which they relate.

Page 6

JEREMY CARTER CONSULTANCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

8.	Creditors: Amounts falling due after more than one year
		2020	2019
		£	£

	Net obligations under finance leases and hire purchase contracts	13,246	15,235

The obligations under finance lease and hire purchase contracts are secured on the assets to which they relate.

Page 7