Company Registration No. 04422575 (England and Wales)
Jayem Joinery Limited
Unaudited accounts
for the year ended 30 September 2021
Jayem Joinery Limited
Unaudited accounts
Contents
Jayem Joinery Limited
Company Information
for the year ended 30 September 2021
Directors
John Moses
Kevin Moses
John Moses
Kevin Moses
Company Number
04422575 (England and Wales)
Registered Office
C/O Jayem Joinery Limited
Traston Road
Newport
NP19 4RQ
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Jayem Joinery Limited
for the year ended 30 September 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jayem Joinery Limited for the year ended 30 September 2021 which comprise of the Profit and Loss Account, the 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Chartered Management Accountants
Venta House
Maes-glas
Newport
NP20 2NS
26 October 2021
Jayem Joinery Limited
Statement of financial position
as at 30 September 2021
Tangible assets
13,038
26,083
Cash at bank and in hand
120,755
131,168
Creditors: amounts falling due within one year
(8,458)
(25,244)
Net current assets
123,613
154,599
Total assets less current liabilities
136,651
180,682
Creditors: amounts falling due after more than one year
(37,770)
(61,187)
Provisions for liabilities
Called up share capital
3
3
Profit and loss account
98,822
119,492
Shareholders' funds
98,825
119,495
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2021 and were signed on its behalf by
Kevin Moses
Director
Company Registration No. 04422575
Jayem Joinery Limited
Notes to the Accounts
for the year ended 30 September 2021
Jayem Joinery Limited is a private company, limited by shares, registered in England and Wales, registration number 04422575. The registered office is C/O Jayem Joinery Limited, Traston Road, Newport, NP19 4RQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years straight line
Motor vehicles
4 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Jayem Joinery Limited
Notes to the Accounts
for the year ended 30 September 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2020
9,337
30,744
40,081
At 30 September 2021
9,337
30,744
40,081
At 1 October 2020
4,849
9,149
13,998
Charge for the year
1,225
11,820
13,045
At 30 September 2021
6,074
20,969
27,043
At 30 September 2021
3,263
9,775
13,038
At 30 September 2020
4,488
21,595
26,083
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
-
900
Other debtors
11,316
10,948
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
1,798
11,358
7
Creditors: amounts falling due after more than one year
2021
2020
Loans from directors
37,770
61,187
8
Deferred taxation
2021
2020
Accelerated capital allowances
56
-
Charged to the profit and loss account
56
-
Provision at end of year
56
-
Jayem Joinery Limited
Notes to the Accounts
for the year ended 30 September 2021
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
10
Average number of employees
During the year the average number of employees was 4 (2020: 4).
