Jay Printers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04833075 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2018

for

JAY PRINTERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Campbell

REGISTERED OFFICE:

69 Wellesley Drive

Crowthorne

Berkshire

RG45 6AL

REGISTERED NUMBER:

04833075 (England and Wales)

ACCOUNTANTS:

Gilroy and Brookes Accountants Limited

Suite 15

The Enterprise Centre

Coxbridge Business Park

Farnham

Surrey

GU10 5EH

FIXED ASSETS

Tangible assets

4

8,264

12,179

CURRENT ASSETS

Stocks

5

5,000

1,877

Debtors

6

4,126

10,242

Cash at bank

4,831

5,677

13,957

17,796

CREDITORS

Amounts falling due within one year

7

(14,499

)

(13,089

)

NET CURRENT (LIABILITIES)/ASSETS

(542

)

4,707

TOTAL ASSETS LESS CURRENT LIABILITIES

7,722

16,886

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

7,622

16,786

SHAREHOLDERS' FUNDS

7,722

16,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 16 May 2019 and were signed by:

K Campbell - Director

1.	STATUTORY INFORMATION

Jay Printers 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.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 September 2017

and 31 August 2018

127,704

716

128,420

DEPRECIATION

At 1 September 2017

115,954

287

116,241

Charge for year

3,772

143

3,915

At 31 August 2018

119,726

430

120,156

NET BOOK VALUE

At 31 August 2018

7,978

286

8,264

At 31 August 2017

11,750

429

12,179

5.

STOCKS

31.8.18

31.8.17

£

£

Stocks

5,000

1,877

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

4,126

8,606

VAT

-

1,636

4,126

10,242

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade creditors

6,818

8,715

Tax

3,776

1,976

VAT

1,276

-

Directors' current accounts

848

1,594

Accruals and deferred income

1,781

804

14,499

13,089

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

£

100

Ordinary Share Capital

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 September 2017

16,786

Profit for the year

10,836

Dividends

(20,000

)

At 31 August 2018

7,622

10.	ULTIMATE CONTROLLING PARTY

The company was under the control of K Campbell throughout the current and previous year, who is the director and

majority shareholder.