Jhetam Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09442370 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Jhetam Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Jhetam

REGISTERED OFFICE:

34-36 High Road

South Woodford

London

E18 2QL

REGISTERED NUMBER:

09442370 (England and Wales)

FIXED ASSETS

Tangible assets

4

16,324

21,765

CURRENT ASSETS

Stocks

25,450

445,611

Debtors

5

798,864

128,493

Cash at bank and in hand

7,119

3,312

831,433

577,416

CREDITORS

Amounts falling due within one year

6

727,719

549,693

NET CURRENT ASSETS

103,714

27,723

TOTAL ASSETS LESS CURRENT LIABILITIES

120,038

49,488

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

120,037

49,487

SHAREHOLDERS' FUNDS

120,038

49,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 January 2022 and were signed by:

G Jhetam - Director

1.	STATUTORY INFORMATION

Jhetam Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

and 31 March 2021

65,784

DEPRECIATION

At 1 April 2020

44,019

Charge for year

5,441

At 31 March 2021

49,460

NET BOOK VALUE

At 31 March 2021

16,324

At 31 March 2020

21,765

5.

DEBTORS

31.3.21

31.3.20

£

£

Amounts falling due within one year:

Trade debtors

242,620

128,493

Other debtors

500,000

-

742,620

128,493

Amounts falling due after more than one year:

Other debtors

56,244

-

Aggregate amounts

798,864

128,493

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

50,000

-

Trade creditors

-

2,908

Taxation and social security

491

2,851

Other creditors

677,228

543,934

727,719

549,693

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

1

Ordinary

£ 1

1

1

8.

RESERVES

Retained

earnings

£

At 1 April 2020

49,487

Profit for the year

70,550

At 31 March 2021

120,037