JR Insulation Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05703774 (England and Wales)

Financial Statements For The Year Ended 28 February 2019

for

JR Insulation Limited

T/A

Oven Clean

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DIRECTOR:

Mr J Roberts

REGISTERED OFFICE:

173 Station Road

Long Eaton

Nottingham

NG10 2EJ

REGISTERED NUMBER:

05703774 (England and Wales)

ACCOUNTANTS:

Gower Accountancy

Chartered Certified Accountants

250 Humberstone Road

Leicester

LE5 0EG

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

161

240

162

241

CURRENT ASSETS

Debtors

6

900

810

Cash at bank

4,261

4,729

5,161

5,539

CREDITORS

Amounts falling due within one year

7

(58,069

)

(60,209

)

NET CURRENT LIABILITIES

(52,908

)

(54,670

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(52,746

)

(54,429

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(52,748

)

(54,431

)

SHAREHOLDERS' FUNDS

(52,746

)

(54,429

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 2 November 2019 and were signed by:

Mr J Roberts - Director

1.	STATUTORY INFORMATION

JR Insulation 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 2010, is being amortised evenly over its estimated useful life of ten 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.

Plant and machinery

-

25% on cost

Computer equipment

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2018

and 28 February 2019

26,919

AMORTISATION

At 1 March 2018

and 28 February 2019

26,918

NET BOOK VALUE

At 28 February 2019

1

At 28 February 2018

1

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 March 2018

and 28 February 2019

611

672

1,283

DEPRECIATION

At 1 March 2018

610

433

1,043

Charge for year

-

79

79

At 28 February 2019

610

512

1,122

NET BOOK VALUE

At 28 February 2019

1

160

161

At 28 February 2018

1

239

240

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Prepayments

900

810

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

-

1

Social security and other taxes

-

(21

)

Directors' current accounts

56,989

59,329

Accrued expenses

1,080

900

58,069

60,209

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of JR Insulation Limited for the year ended 28 February 2019 which comprise the Income

Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of JR Insulation Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JR Insulation Limited and state those matters that we have agreed to state to the director of JR Insulation Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that JR Insulation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JR Insulation Limited. You consider that JR Insulation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JR Insulation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gower Accountancy

Chartered Certified Accountants

250 Humberstone Road

Leicester

LE5 0EG

2 November 2019