Jesty Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09841267 (England and Wales)

JESTY LIMITED

Financial Statements for the Period 26 October 2015 to 31 December 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S D Field

M Page

R L Page

REGISTERED OFFICE:

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

REGISTERED NUMBER:

09841267 (England and Wales)

AUDITORS:

Tudor John LLP

Chartered Accountants and Statutory Auditors

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

FIXED ASSETS

Tangible assets

4

58,607

CURRENT ASSETS

Stocks

76,040

Debtors

5

826,001

Cash at bank and in hand

178,836

1,080,877

CREDITORS

Amounts falling due within one year

6

1,117,337

NET CURRENT LIABILITIES

(36,460

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,147

PROVISIONS FOR LIABILITIES

8,280

NET ASSETS

13,867

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

13,767

SHAREHOLDERS' FUNDS

13,867

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 Board of Directors on 29 June 2017 and were signed on its behalf by:

M Page - Director

1.	STATUTORY INFORMATION

Jesty 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.

The accounts have been prepared on a going concern basis. The company meets day to day working capital

requirements through an overdraft facility which is repayable on demand together with loans from other wholly

owned group companies. The company expects to operate within the overdraft facility currently agreed on the

basis of the availability of the continuing support of these companies.

The financial statements are presented in Sterling which is the functional currency of the company.

TURNOVER

Turnover represents net invoiced sales for services, excluding value added tax.

Revenue is recognised upon completion of the job.

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 and 15% on reducing balance

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure including an amount to cover staff time spent on jobs.

TAXATION

Taxation for the period 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 TAXATION

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 period 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.

FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 22 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

2,837

Reclassification/transfer

446,951

At 31 December 2016

449,788

DEPRECIATION

Charge for period

5,989

Reclassification/transfer

385,192

At 31 December 2016

391,181

NET BOOK VALUE

At 31 December 2016

58,607

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

261,586

Amounts owed by group undertakings

549,966

Other debtors

14,449

826,001

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

192,227

Amounts owed to group undertakings

843,305

Taxation and social security

67,027

Other creditors

14,778

1,117,337

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Donald Nelson, FCA (Senior Statutory Auditor)

for and on behalf of Tudor John LLP

8.	CONTINGENT LIABILITIES

The company is jointly and severally liable in respect of VAT liabilities arising in other group undertakings. The

additional liability at 31st December 2016 amounted to £90,598.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

During the year, a fellow group company, A & J Lawrence Limited, paid costs of £45,740 on behalf of the

company. The company owed that amount to A & J Lawrence Limited at the year-end. This amount is included

within amounts due within one year and is repayable on demand.

10.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns

to the tax authorities, assist with the preparation of the financial statements, to process our payroll and file the

related information with HMRC and to submit quarterly VAT returns.

11.	ULTIMATE CONTROLLING PARTY