JSA Enterprises Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: NI638331 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 May 2022

for

JSA Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M C Steen

SECRETARY:

REGISTERED OFFICE:

15 Bayswater

Londonderry

Co. Londonderry

BT47 6JL

REGISTERED NUMBER:

NI638331 (Northern Ireland)

ACCOUNTANTS:

Thames & Co Chartered Accountants

15 Bayswater

Derry

Co. Londonderry

BT47 6JL

FIXED ASSETS

Tangible assets

4

37,972

15,898

CURRENT ASSETS

Debtors

5

21,772

26,710

Cash at bank

1,522

3,460

23,294

30,170

CREDITORS

Amounts falling due within one year

6

26,813

11,760

NET CURRENT (LIABILITIES)/ASSETS

(3,519

)

18,410

TOTAL ASSETS LESS CURRENT LIABILITIES

34,453

34,308

CREDITORS

Amounts falling due after more than one year

7

27,999

32,000

NET ASSETS

6,454

2,308

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,354

2,208

SHAREHOLDERS' FUNDS

6,454

2,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 28 February 2023 and were signed by:

M C Steen - Director

1.	STATUTORY INFORMATION

JSA Enterprises Limited is a private company, limited by shares , registered in Northern Ireland. 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2021 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2021

22,123

Additions

25,110

At 31 May 2022

47,233

DEPRECIATION

At 1 June 2021

6,225

Charge for year

3,036

At 31 May 2022

9,261

NET BOOK VALUE

At 31 May 2022

37,972

At 31 May 2021

15,898

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/22

31/5/21

£

£

Other debtors

21,772

26,710

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/22

31/5/21

£

£

Bank loans and overdrafts

25,081

8,000

Trade creditors

1,263

1,313

Taxation and social security

364

325

Other creditors

105

2,122

26,813

11,760

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/22

31/5/21

£

£

Bank loans

27,999

32,000