Jelthat Limited - Accounts to registrar (filleted) - small 18.2
Jelthat Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
| JELTHAT LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2019 |
JELTHAT LIMITED (REGISTERED NUMBER: 01650175) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
JELTHAT LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
DIRECTORS: |
S | Harris |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Pembroke House |
Llantarnam Park Way |
Cwmbran |
Torfaen |
NP44 3AU |
JELTHAT LIMITED (REGISTERED NUMBER: 01650175) |
BALANCE SHEET |
31ST DECEMBER 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( | ) | ( | ) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET (LIABILITIES)/ASSETS | ( | ) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Revaluation reserve | 9 |
Retained earnings | ( | ) | ( | ) |
SHAREHOLDERS' FUNDS | ( | ) |
| 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. |
JELTHAT LIMITED (REGISTERED NUMBER: 01650175) |
BALANCE SHEET - continued |
31ST DECEMBER 2019 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
JELTHAT LIMITED (REGISTERED NUMBER: 01650175) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
1. | STATUTORY INFORMATION |
Jelthat Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
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 Profit and Loss, 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. |
JELTHAT LIMITED (REGISTERED NUMBER: 01650175) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
2. | ACCOUNTING POLICIES - continued |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
JELTHAT LIMITED (REGISTERED NUMBER: 01650175) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st January 2019 |
Additions |
Disposals | ( | ) | ( | ) | ( | ) | ( | ) |
At 31st December 2019 |
DEPRECIATION |
At 1st January 2019 |
Charge for year |
Eliminated on disposal | ( | ) | ( | ) | ( | ) | ( | ) |
At 31st December 2019 |
NET BOOK VALUE |
At 31st December 2019 |
At 31st December 2018 |
| The freehold property in the accounts was revalued by the directors on 31 December 1997 at £708,445. The original cost was £493,910 and a revaluation reserve of £214,535 was created with the surplus. The directors have taken advantage of the transitional provisions under FRS 102 Section 17 not to update the valuation. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors | ( | ) |
Directors' current accounts |
Corporation tax repayable |
VAT |
Prepayments & accrued income |
JELTHAT LIMITED (REGISTERED NUMBER: 01650175) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Tax |
VAT |
Other creditors |
Melade Limited |
Accruals and deferred income |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2019 | 2018 |
£ | £ |
Bank overdrafts |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
Ordinary A | £1 | 40,100 | 40,100 |
Ordinary B | £1 | 4,000 | 4,000 |
44,100 | 44,100 |
9. | RESERVES |
Revaluation |
reserve |
£ |
At 1st January 2019 |
Transfer from revaluation |
reserve | (2,807 | ) |
At 31st December 2019 |
JELTHAT LIMITED (REGISTERED NUMBER: 01650175) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2019 |
10. | RELATED PARTY DISCLOSURES |
At 31 December 2019 the company was owed £25,940 from the director M Harris (2018 : £11,877), £23,499 from the director D A Evans (2018: £31,449) and £2,891 owed from S Harris (2018: £Nil). |
At 31 December 2019 the company owed £7,800 (2018: £Nil) to Melade Limited, a close company under the control of the directors M Harris and D A Evans. During the financial year, the company incurred management charges totalling £58,301 from this company (2018: £Nil). |
11. | GOING CONCERN |
After reviewing the companies forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. |