JERROMS_PRIDDEY_LIMITED - Accounts

JERROMS GCN LIMITED - Company Information

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Company Registration No. 08433008 (England and Wales)

JERROMS PRIDDEY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

JERROMS PRIDDEY LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

JERROMS PRIDDEY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

377,583

672,750

Tangible assets

32,637

453,369

410,220

1,126,119

Current assets

Debtors

376,359

375,518

Cash at bank and in hand

2,646

2,616

379,005

378,134

Creditors: amounts falling due within one year

(507,083)

(545,015)

Net current liabilities

(128,078)

(166,881)

Total assets less current liabilities

282,142

959,238

Creditors: amounts falling due after more than one year

(376,221)

(864,633)

Accruals and deferred income

(34,584)

(81,755)

(128,663)

12,850

Capital and reserves

Called up share capital

100,000

Profit and loss account

(228,663)

(87,150)

Shareholders' funds

(128,663)

12,850

JERROMS PRIDDEY LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 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 financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 November 2016

Mr Neill Currie

Director

Company Registration No. 08433008

JERROMS PRIDDEY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents revenue recognised as earned under a wide variety of contracts to provide professional services when, and to the extent that, the company obtains the right to consideration in exchange for its performance under the contracts. It is measured at the fair value of the right to receive consideration, including expenses and disbursements, but excluding value added tax. Revenue recognised that has not been billed to clients is included in debtors as amounts recoverable on contracts. Revenue in respect of contingent fee assignments is recognised when the contingent event occurs or the outcome is considered to have become certain and collection of the fee is assured.

1.4

Goodwill

Acquired goodwill is written off in equal annual installments over its estimated useful economic life of three years . of three years.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

2 % pa straight line basis

Computer equipment

25% pa reducing balance basis

Fixtures, fittings & equipment

15% pa reducing balance basis

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

JERROMS PRIDDEY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 May 2015

897,000

461,712

1,358,712

Additions

4,000

17,097

21,097

Disposals

(436,677)

At 30 April 2016

901,000

42,132

943,132

Depreciation

At 1 May 2015

294,017

8,343

302,360

On disposals

(7,630)

Charge for the year

229,400

8,782

238,182

At 30 April 2016

523,417

9,495

532,912

Net book value

At 30 April 2016

377,583

32,637

410,220

At 30 April 2015

672,750

453,369

1,126,119

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £1,223,099).

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

232,971

Share capital

2016

2015

Allotted, called up and fully paid

100,000 Ordinary shares of £1 each

100,000

JERROMS PRIDDEY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 5 -

Ultimate parent company

The ultimate parent company is Jerroms Business Solutions Limited, a company incorporated in the UK. The group is under the control of the directors.