Company Registration No. 02672986 (England and Wales)
JAK Enterprises Limited
Unaudited accounts
for the year ended 31 March 2022
JAK Enterprises Limited
Unaudited accounts
Contents
JAK Enterprises Limited
Company Information
for the year ended 31 March 2022
Directors
M Odell
N A Barnes
Company Number
02672986 (England and Wales)
Registered Office
Castle House
1A Castle Street
Wellingborough
Northamptonshire
NN8 1LS
Accountants
Canary Accounting Limited
31 Lee Drive
Houlton
Rugby
Warwickshire
CV23 1AG
JAK Enterprises Limited
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
3
3
Creditors: amounts falling due within one year
(137)
(1,105)
Net current liabilities
(114)
(114)
Net liabilities
(114)
(114)
Called up share capital
3,750
3,750
Profit and loss account
(3,864)
(3,864)
Shareholders' funds
(114)
(114)
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 7 May 2022 and were signed on its behalf by
N A Barnes
Director
Company Registration No. 02672986
JAK Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2022
JAK Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 02672986. The registered office is Castle House, 1A Castle Street, Wellingborough, Northamptonshire, NN8 1LS.
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 financial statements have been prepared under the historical cost convention.
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.
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 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
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.
JAK Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2022
Having due regard to cash flow forecasts, the director considers that based on their continued support, it is appropriate to prepare the accounts on a going concern basis.
4
Debtors: amounts falling due within one year
2022
2021
5
Creditors: amounts falling due within one year
2022
2021
Amounts owed to group undertakings and other participating interests
137
1,105
Allotted, called up and fully paid:
2,500 Ordinary shares of £1 each
2,500
2,500
1,250 Ordinary B shares of £1 each
1,250
1,250
JAK Enterprises Limited is a wholly owned subsidiary of MCM Alarms Limited, a company registered in England and Wales. The Registered Office address is Castle House, 1A Castle Street, Wellingborough, Northamptonshire, NN8 1LS.
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
