Jarrett & Lam Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06066418 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

JARRETT & LAM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T M C Jarrett

M R Jarrett

SECRETARY:

T M C Jarrett

REGISTERED OFFICE:

The Laurels

75 Reigate Road

Hookwood

Horley

Surrey

RH6 0HL

REGISTERED NUMBER:

06066418 (England and Wales)

ACCOUNTANTS:

Sophic Finance Ltd

Chartered Accountants

7 Defoe Court

Reigate Road

Dorking

Surrey

RH4 1TJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,373

1,611

1,373

1,611

CURRENT ASSETS

Stocks

750

800

Debtors

6

16,859

21,481

Cash at bank

212,654

192,784

230,263

215,065

CREDITORS

Amounts falling due within one year

7

50,730

22,975

NET CURRENT ASSETS

179,533

192,090

TOTAL ASSETS LESS CURRENT LIABILITIES

180,906

193,701

CAPITAL AND RESERVES

Called up share capital

34

34

Capital redemption reserve

66

66

Retained earnings

180,806

193,601

SHAREHOLDERS' FUNDS

180,906

193,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 August 2023 and were signed on its behalf by:

T M C Jarrett - Director

1.	STATUTORY INFORMATION

Jarrett & Lam 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has been fully amortised evenly over its estimated useful life of five years.

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

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

22,000

AMORTISATION

At 1 April 2022

and 31 March 2023

22,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

9,324

Additions

219

At 31 March 2023

9,543

DEPRECIATION

At 1 April 2022

7,713

Charge for year

457

At 31 March 2023

8,170

NET BOOK VALUE

At 31 March 2023

1,373

At 31 March 2022

1,611

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

16,625

16,695

Other debtors

234

4,786

16,859

21,481

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

27,458

17,551

Other creditors

23,272

5,424

50,730

22,975