General Information
Jenab Limited is a private company, limited by shares which is registered in England and Wales with company registration number 11841334 and registration address 41 Jubilee Avenue, Twickenham, TW2 6JA.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
15 Years Straight Line |
| Plant and Machinery |
15% Reducing Balance
|
| Fixtures and Fittings |
15% Reducing Balance
|
| Computer Equipment |
4 Years Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 22 (2020 : 0).
|
| 3. |
Financial Commitments, Guarantees and Contingencies
There is a fixed and floating legal charge against the company in favour of Asset Advantage Limited from which plant. machinery, fixtures and fittings have been financed. The total amount of operating lease commitments payable as at 28 February 2020 amounts to £177,780.
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 March 2020 |
120,202 |
|
8,338 |
|
6,715 |
|
627 |
|
135,882 |
| Additions |
- |
|
3,833 |
|
3,466 |
|
1,507 |
|
8,806 |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 28 February 2021 |
120,202 |
|
12,171 |
|
10,181 |
|
2,134 |
|
144,688 |
| Depreciation |
| At 01 March 2020 |
8,013 |
|
1,251 |
|
1,007 |
|
157 |
|
10,428 |
| Charge for year |
7,480 |
|
1,638 |
|
1,389 |
|
494 |
|
11,001 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
| At 28 February 2021 |
15,493 |
|
2,889 |
|
2,396 |
|
651 |
|
21,429 |
| Net book values |
| Closing balance as at 28 February 2021 |
104,709 |
|
9,282 |
|
7,785 |
|
1,483 |
|
123,259 |
| Opening balance as at 01 March 2020 |
112,188 |
|
7,087 |
|
5,708 |
|
470 |
|
125,453 |
|
| 5. |
Stocks
|
2021
£ |
|
2020
£ |
| Stocks |
8,054 |
|
9,228 |
|
8,054 |
|
9,228 |
|
| 6. |
Debtors: amounts falling due within one year
|
2021
£ |
|
2020
£ |
| Trade Debtors |
10,492 |
|
0 |
| Intercompany Balance |
5,501 |
|
0 |
| Prepayments & Accrued Income |
13,496 |
|
14,995 |
| Staff Loans |
0 |
|
2,850 |
| VAT |
20,611 |
|
26,894 |
|
50,100 |
|
44,739 |
|
| 6. |
Debtors: amounts falling due after one year
|
2021
£ |
|
2020
£ |
| Deposits paid |
37,500 |
|
37,500 |
|
37,500 |
|
37,500 |
|
| 7. |
Creditors: amount falling due within one year
|
2021
£ |
|
2020
£ |
| Trade Creditors |
12,062 |
|
17,628 |
| Bank Loans & Overdrafts |
50,000 |
|
0 |
| PAYE & Social Security |
7,471 |
|
983 |
| Accrued Expenses |
78,328 |
|
28,258 |
| Wages & Salaries Control Account |
1,190 |
|
0 |
| Pension Payable |
5,508 |
|
2,376 |
| Directors' Current Accounts |
206,182 |
|
226,023 |
|
360,741 |
|
275,268 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2021
£ |
|
2020
£ |
|
6
Ordinary shares of £1.00 each |
6 |
|
6 |
|
6 |
|
6 |
|
3
|
