Jigsol Limited Filleted accounts for Companies House (small and micro)
Jigsol Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
04691487
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Statement of Financial Position |
31 Dec 20 |
28 Dec 19 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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Provisions
Taxation including deferred tax |
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Net assets |
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Statement of Financial Position (continued) |
31 Dec 20 |
28 Dec 19 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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-------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
30 September 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
04691487
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Notes to the Financial Statements |
Period from 29 December 2019 to 31 December 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Athene House, Suite J, 86 The Broadway, Mill Hill, London, NW7 3TD, United Kingdom.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Fixtures and fittings |
- |
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Impairment of fixed assets
Provisions
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
3
(2019:
3
).
5.
Tangible assets
Plant and machinery |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 29 December 2019 |
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Additions |
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– |
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At 31 December 2020 |
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Depreciation |
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At 29 December 2019 |
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Charge for the period |
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At 31 December 2020 |
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Carrying amount |
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At 31 December 2020 |
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At 28 December 2019 |
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6.
Debtors
31 Dec 20 |
28 Dec 19 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
31 Dec 20 |
28 Dec 19 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Creditors:
amounts falling due after more than one year
31 Dec 20 |
28 Dec 19 |
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£ |
£ |
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Bank loans and overdrafts |
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9.
Related party transactions
The company was under the control of Mr and Mrs Levy throughout the current and previous year. Mr and Mrs Levy are the majority shareholders. During the accounting period the company made loans totalling £11,264 (2019- £2,663) to Jisgol Business Solutions Limited. At 31 December 2020 the company was owed £156,199 (2019 - £144,935). The loan was interest free and repayable on demand. Mr SM Levy is a director and shareholder of both companies. During the accounting period the company made loans totalling £6,299 (2019- £82,272) to Renew Recycling Limited. At 31 December 2020 the company was owed £100,996 (2019 - £94,697 by Renew Recycling Limited. The loans were interest free and repayable on demand. Mr SM Levy is a director and shareholder of both companies. During the accounting period the company paid £30,000 (2019-£30,000) in dividends to the directors.