Jed'S House Ltd. - Accounts to registrar (filleted) - small 18.2

Jed'S House Ltd. - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07568397 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2020

for

Jed'S House Ltd.

Jed'S House Ltd. (Registered number: 07568397)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Jed'S House Ltd.

Company Information
for the Year Ended 31 March 2020







DIRECTORS: Mr T G Hewett
Mrs A M Hewett
Mrs L V J Stockwell
Mr D J Stockwell





REGISTERED OFFICE: Unit 20
Morehouse Farm Business Centre
Ditchling Road
Wivelsfield
West Sussex
RH17 7RE





REGISTERED NUMBER: 07568397 (England and Wales)





ACCOUNTANTS: Indigo Tax and Accountancy Limited
The Barn
Brighton Road
Lower Beeding
Horsham
West Sussex
RH13 6PT

Jed'S House Ltd. (Registered number: 07568397)

Balance Sheet
31 March 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 271 1,342

CURRENT ASSETS
Inventories 22,614 23,363
Debtors 5 55,680 56,593
Cash in hand 7,917 20,096
86,211 100,052
CREDITORS
Amounts falling due within one year 6 70,566 72,789
NET CURRENT ASSETS 15,645 27,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,916

28,605

PROVISIONS FOR LIABILITIES 52 255
NET ASSETS 15,864 28,350

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,764 28,250
SHAREHOLDERS' FUNDS 15,864 28,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 7 July 2020 and were
signed on its behalf by:





Mr T G Hewett - Director


Jed'S House Ltd. (Registered number: 07568397)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Jed'S House Ltd. 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
Revenue 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 etc - Straight line over 4 years

Stocks
Inventories 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 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.

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 4 (2019 - 4 ) .

Jed'S House Ltd. (Registered number: 07568397)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2019
and 31 March 2020 10,490
DEPRECIATION
At 1 April 2019 9,148
Charge for year 1,071
At 31 March 2020 10,219
NET BOOK VALUE
At 31 March 2020 271
At 31 March 2019 1,342

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 53,091 53,119
Other debtors 2,589 3,474
55,680 56,593

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 44,373 46,160
Taxation and social security 22,292 23,798
Other creditors 3,901 2,831
70,566 72,789

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2020 2019
£    £   
Within one year 10,800 10,800

8. GOING CONCERN

The accounts are prepared on a going concern basis and following the year end the COVID-19 pandemic has
meant disruptions and increased pressures for all businesses, but after consideration of all areas of the business,
the Directors do not feel that at this time there has been any permanent issues that will result in the company
being unable to continue operating on a going concern basis in the foreseeable future.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Jed'S House Ltd.

The following reproduces the text of the report prepared for the directors 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 Directors 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 Jed'S House Ltd. for the year ended 31 March 2020 which comprise the Statement of Income and
Retained Earnings, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jed'S House Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jed'S House Ltd. and state those matters that we have agreed to state to the Board of Directors of Jed'S House Ltd., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jed'S House Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jed'S House Ltd. 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 Jed'S House Ltd.. You consider that Jed'S House Ltd. 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 Jed'S House Ltd.. 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.






Indigo Tax and Accountancy Limited
The Barn
Brighton Road
Lower Beeding
Horsham
West Sussex
RH13 6PT


7 July 2020