Jaymar Ltd - Accounts to registrar (filleted) - small 18.2
Jaymar Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2021 |
for |
Jaymar Ltd |
Jaymar Ltd (Registered number: 09537164) |
Contents of the Financial Statements |
for the Year Ended 31 January 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Jaymar Ltd |
Company Information |
for the Year Ended 31 January 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Suite 5 Corum 2 |
Corum Office Park |
Crown Way |
Warmley |
Bristol |
BS30 8FJ |
Jaymar Ltd (Registered number: 09537164) |
Balance Sheet |
31 January 2021 |
31.1.21 | 31.1.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
Jaymar Ltd (Registered number: 09537164) |
Balance Sheet - continued |
31 January 2021 |
31.1.21 | 31.1.20 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Jaymar Ltd (Registered number: 09537164) |
Notes to the Financial Statements |
for the Year Ended 31 January 2021 |
1. | STATUTORY INFORMATION |
Jaymar Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
There have been no material departures from the Financial Reporting Standard 102 1A. |
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 2016, is being amortised evenly over its estimated useful life of 10 years. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Government grants |
Government grants are recognised as income over the periods necessary to match them with the related costs which they are intended to compensate. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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 Income Statement, 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. |
Jaymar Ltd (Registered number: 09537164) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2021 |
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. |
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. |
Going concern |
The company's balance sheet at 31 January 2021 shows net current liabilities of £60,967 (2020 - £74,683). The directors are committed to ensure that the company is able to meet its liabilities on a day to day basis, therefore the directors believe it is appropriate to prepare the financial statements on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 February 2020 |
and 31 January 2021 |
AMORTISATION |
At 1 February 2020 |
Charge for year |
At 31 January 2021 |
NET BOOK VALUE |
At 31 January 2021 |
At 31 January 2020 |
Jaymar Ltd (Registered number: 09537164) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2021 |
5. | TANGIBLE FIXED ASSETS |
Freehold | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST |
At 1 February 2020 |
Additions |
At 31 January 2021 |
DEPRECIATION |
At 1 February 2020 |
Charge for year |
At 31 January 2021 |
NET BOOK VALUE |
At 31 January 2021 |
At 31 January 2020 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2020 |
and 31 January 2021 |
NET BOOK VALUE |
At 31 January 2021 |
At 31 January 2020 |
The fair value of the investment properties have been arrived at on the basis of a valuation carried out at 31 January 2021 by the directors. The valuation was made on an open market value basis by reference to the UK House Price Index as at 31 January 2021. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.21 | 31.1.20 |
£ | £ |
Other debtors |
Jaymar Ltd (Registered number: 09537164) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2021 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.21 | 31.1.20 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 10) |
Trade creditors |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.21 | 31.1.20 |
£ | £ |
Bank loans |
Hire purchase contracts (see note 10) |
Other creditors |
10. | LEASING AGREEMENTS |
Minimum lease payments under hire purchase fall due as follows: |
Hire purchase | contracts |
31.1.21 | 31.1.20 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
The hire purchase loans are secured on the assets to which they relate. |
At the reporting end date, the company had outstanding commitments for future minimum lease payments under non-cancellable leases totalling £nil (2020 - £9,300). |
Jaymar Ltd (Registered number: 09537164) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2021 |
11. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.1.21 | 31.1.20 |
£ | £ |
Bank loans |
The bank loans are secured by way of fixed and floating charges in respect of the company's investment properties and all the property and undertaking of the company. The loans also contain a negative pledge. |
12. | RELATED PARTY DISCLOSURES |
Associated companies |
The loans to associated companies are interest free and repayable on demand. |
31.1.21 | 31.1.20 |
£ | £ |
Amount due from related party at the balance sheet date | 19,339 | - |
Associated companies |
The loans from associated companies are interest free and repayable on demand. |
31.1.21 | 31.1.20 |
£ | £ |
Amount due to related party at the balance sheet date | 447,484 | 447,476 |