Jes (Beverley) Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03548275 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

JES (BEVERLEY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Sturdy

SECRETARY:

J Sturdy

REGISTERED OFFICE:

The Counting House

Nelson Street

Hull

East Yorkshire

HU1 1XE

REGISTERED NUMBER:

03548275 (England and Wales)

ACCOUNTANTS:

Graybrowne Limited

Chartered Accountants

The Counting House

Nelson Street

Hull

HU1 1XE

CURRENT ASSETS

Debtors

3

28,997

28,997

Cash at bank

430,016

480,669

459,013

509,666

CREDITORS

Amounts falling due within one year

4

1,260

1,260

NET CURRENT ASSETS

457,753

508,406

TOTAL ASSETS LESS CURRENT LIABILITIES

457,753

508,406

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

457,751

508,404

SHAREHOLDERS' FUNDS

457,753

508,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 31 May 2017 and were signed by:

A Sturdy - Director

1.	STATUTORY INFORMATION

Jes (Beverley) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 Companies Act 2006. There were no material departures from that standard. The financial

statements have been prepared under the historical cost convention.

This is the first year in which the financial statements have been prepared under FRS 102 Section 1A small

entities.

Financial instruments

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss. Derivative

financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or

loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

28,997

28,997

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

1,260

1,260

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

£

A Sturdy

Balance outstanding at start of year

10,000

5,000

Amounts advanced

-

10,000

Amounts repaid

-

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,000

10,000

All loans made to the director by the company are on an interest free basis.

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2016 - £25,000) were paid to the director .

7.	FIRST YEAR ADOPTION

This is the first financial year that the company has presented its financial statements in accordance with FRS

102 'The Financial Reporting Framework Applicable in the UK and Republic of Ireland' ('FRS 102'). For

financial years up to and including the year ending 31 March 2016, the company prepared its financial

statements in accordance with old UK GAAP.

The company's date of transition to FRS 102 is therefore 1 April 2015. This note sets out the changes to

accounting policies and the transitional adjustments that are required to be made for first-time transition to FRS

102. The company's opening equity position at 1 April 2015 and its previously published financial statements for

the year ended 31 March 2016 have been restated from old UK GAAP.

In carrying out the transition to FRS 102, the company has not applied any of the optional exemptions as

permitted by section 35 Transition to this FRS.

Transitional adjustments

There have been no transitional adjustments that would require consequential equity or profit and loss movement

therefore the reconciliation of equity and reconciliation of profit have not been disclosed in the accounts.