Jasco Applied Sciences (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07035094 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 September 2019

for

Jasco Applied Sciences (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R D J Burns

S A Carr

D E Hannay

R G Racca

REGISTERED OFFICE:

The Roundel

St Clair's Farm

Wickham Road

Droxford

Hampshire

SO32 3PW

REGISTERED NUMBER:

07035094 (England and Wales)

ACCOUNTANTS:

Butler & Co (Bishops Waltham) Limited

Chartered Accountants

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

FIXED ASSETS

Tangible assets

5

3,875

1,690

CURRENT ASSETS

Stocks

6

59,928

-

Debtors

7

137,347

100,816

Cash at bank

284,860

140,516

482,135

241,332

CREDITORS

Amounts falling due within one year

8

464,011

235,193

NET CURRENT ASSETS

18,124

6,139

TOTAL ASSETS LESS CURRENT LIABILITIES

21,999

7,829

PROVISIONS FOR LIABILITIES

736

321

NET ASSETS

21,263

7,508

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

21,063

7,308

SHAREHOLDERS' FUNDS

21,263

7,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2020 and were signed on its behalf by:

R D J Burns - Director

1.	STATUTORY INFORMATION

Jasco Applied Sciences (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

-

25% reducing balance basis

Fixtures and equipment

-

25% on cost

Computer equipment

-

25% reducing balance basis

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

equipment

equipment

Totals

£

£

£

£

COST

At 1 October 2018

135

8,337

5,700

14,172

Additions

117

-

3,360

3,477

At 30 September 2019

252

8,337

9,060

17,649

DEPRECIATION

At 1 October 2018

117

8,337

4,028

12,482

Charge for year

34

-

1,258

1,292

At 30 September 2019

151

8,337

5,286

13,774

NET BOOK VALUE

At 30 September 2019

101

-

3,774

3,875

At 30 September 2018

18

-

1,672

1,690

6.

STOCKS

30.9.19

30.9.18

£

£

Work-in-progress

59,928

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

57,533

42,379

Amounts owed by group undertakings

68,167

46,297

Tax

2,822

5,011

VAT

1,391

-

Prepayments and accrued income

7,434

7,129

137,347

100,816

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade creditors

4

4,734

Amounts owed to group undertakings

454,323

209,822

Social security and other taxes

7,601

5,751

VAT

-

6,092

Net wages payable

-

6,791

Directors' current accounts

283

283

Accruals and deferred income

1,800

1,720

464,011

235,193