JRS Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 06219512 (England and Wales)

JRS Limited

Unaudited Financial Statements

for the Year Ended 30 April 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J R Sired

REGISTERED OFFICE:

Lakeside Offices

The Old Cattle Market

Coronation Park

Helston

Cornwall

TR13 0SR

REGISTERED NUMBER:

06219512 (England and Wales)

ACCOUNTANTS:

Atkins Ferrie Chartered Accountants

Lakeside Offices

The Old Cattle Market

Coronation Park

Helston

Cornwall

TR13 0SR

BANKERS:

Lloyds Bank

Taunton OSC

Sedgemoor House

Dean Gate Avenue

YEOVIL

Somerset

B26 3JW

FIXED ASSETS

Tangible assets

4

887

1,212

CURRENT ASSETS

Stocks

1,105

898

Debtors

5

154

158

Cash at bank

75,485

58,653

76,744

59,709

CREDITORS

Amounts falling due within one year

6

13,876

14,355

NET CURRENT ASSETS

62,868

45,354

TOTAL ASSETS LESS CURRENT LIABILITIES

63,755

46,566

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

63,655

46,466

SHAREHOLDERS' FUNDS

63,755

46,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31 May 2017 and were signed by:

Mr J R Sired - Director

1.	STATUTORY INFORMATION

JRS 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

-

25% on reducing balance

Computer equipment

-

33% 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 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 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 May 2016

10,000

2,447

12,447

Disposals

-

(624

)

(624

)

At 30 April 2017

10,000

1,823

11,823

DEPRECIATION

At 1 May 2016

8,999

2,236

11,235

Charge for year

250

52

302

Eliminated on disposal

-

(601

)

(601

)

At 30 April 2017

9,249

1,687

10,936

NET BOOK VALUE

At 30 April 2017

751

136

887

At 30 April 2016

1,001

211

1,212

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

154

158

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

12,740

12,280

Other creditors

1,136

2,075

13,876

14,355

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £26,000 (2016 - £24,400) were paid to the director .