JST Electronics Limited - Accounts to registrar (filleted) - small 18.2

JST Electronics Limited - Accounts to registrar (filleted) - small 18.2

JST ELECTRONICS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v19.1.1.57 SC494135 director 1.1.18 31.12.18 31.12.18 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4941352017-12-31SC4941352018-12-31SC4941352018-01-012018-12-31SC4941352016-12-31SC4941352017-01-012017-12-31SC4941352017-12-31SC494135ns15:Scotland2018-01-012018-12-31SC494135ns14:PoundSterling2018-01-012018-12-31SC494135ns10:Director12018-01-012018-12-31SC494135ns10:PrivateLimitedCompanyLtd2018-01-012018-12-31SC494135ns10:SmallEntities2018-01-012018-12-31SC494135ns10:AuditExempt-NoAccountantsReport2018-01-012018-12-31SC494135ns10:SmallCompaniesRegimeForAccounts2018-01-012018-12-31SC494135ns10:FullAccounts2018-01-012018-12-31SC494135ns10:OrdinaryShareClass12018-01-012018-12-31SC494135ns10:RegisteredOffice2018-01-012018-12-31SC494135ns5:CurrentFinancialInstruments2018-12-31SC494135ns5:CurrentFinancialInstruments2017-12-31SC494135ns5:ShareCapital2018-12-31SC494135ns5:ShareCapital2017-12-31SC494135ns5:RetainedEarningsAccumulatedLosses2018-12-31SC494135ns5:RetainedEarningsAccumulatedLosses2017-12-31SC494135ns5:PlantMachinery2018-01-012018-12-31SC494135ns5:ComputerEquipment2018-01-012018-12-31SC494135ns5:PlantMachinery2017-12-31SC494135ns5:ComputerEquipment2017-12-31SC494135ns5:PlantMachinery2018-12-31SC494135ns5:ComputerEquipment2018-12-31SC494135ns5:PlantMachinery2017-12-31SC494135ns5:ComputerEquipment2017-12-31SC494135ns10:OrdinaryShareClass12018-12-31


REGISTERED NUMBER: SC494135 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2018

for

JST Electronics Limited
JST Electronics Limited (Registered number: SC494135)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JST Electronics Limited

Company Information
for the Year Ended 31 December 2018







DIRECTOR: J Tumility





REGISTERED OFFICE: 90 Kirkton Crescent
Coatbridge
Lanarkshire
ML5 4TR





REGISTERED NUMBER: SC494135 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
121 Moffat Street
Glasgow
G5 OND
Page 1
JST Electronics Limited (Registered number: SC494135)

Balance Sheet
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,864 5,800

CURRENT ASSETS
Stocks 20,989 21,375
Debtors 5 15,256 14,795
Cash at bank and in hand 885 2,203
37,130 38,373
CREDITORS
Amounts falling due within one year 6 16,496 16,828
NET CURRENT ASSETS 20,634 21,545
TOTAL ASSETS LESS CURRENT
LIABILITIES
25,498
27,345

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 25,298 27,145
SHAREHOLDERS' FUNDS 25,498 27,345

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 September 2019 and were signed by:





J Tumility - Director


The notes form part of these financial statements

Page 2
JST Electronics Limited (Registered number: SC494135)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

JST Electronics Limited is a private company, limited by shares , registered in Scotland. 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 each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Computer equipment - 25% on reducing balance

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2018
and 31 December 2018 4,282 3,728 8,010
DEPRECIATION
At 1 January 2018 856 1,354 2,210
Charge for year 343 593 936
At 31 December 2018 1,199 1,947 3,146
NET BOOK VALUE
At 31 December 2018 3,083 1,781 4,864
At 31 December 2017 3,426 2,374 5,800

Page 3 continued...
JST Electronics Limited (Registered number: SC494135)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade debtors 15,256 14,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Bank loans and overdrafts 1,077 -
Trade creditors 1,280 1,429
Tax 7,101 9,252
Social security and other taxes 439 779
VAT 5,459 4,288
Accrued expenses 1,140 1,080
16,496 16,828

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.18 31.12.17
value: £    £   
200 Ordinary 1 200 200

Page 4