JTY Limited Micro-entity accounts

JTY Limited Micro-entity accounts

JTY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07312229
JTY LIMITED
Unaudited Financial Statements
31 December 2016
JTY LIMITED
Financial Statements
Year Ended 31 December 2016
Contents
Pages
Officers and Professional Advisers
1
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements
2
Income Statement
3
Statement of Financial Position and the Notes to the Financial Statements
4 to 5
The Following Pages Do Not Form Part of the Financial Statements
Detailed Income Statement
7
Notes to the Detailed Income Statement
8
JTY LIMITED
Officers and Professional Advisers
Director
Mr J J Youngs
Registered Office
25 Farnaway,
Darley Abbey,
Derby,
England
DE22 2BP
Accountants
Chappell Cole & Co (UK) LLP
Heritage House
34b North Cray Road
Bexley
Kent
DA5 3LZ
JTY LIMITED
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of JTY Limited
Year Ended 31 December 2016
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 December 2016, which comprise the income statement, statement of financial position and the notes to the financial statements. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Chappell Cole & Co (UK) LLP
Heritage House 34b North Cray Road Bexley Kent DA5 3LZ
5 September 2017
JTY LIMITED
Income Statement
Year Ended 31 December 2016
2016
2015
£
£
Turnover
37,758
30,934
Other income
79,135
-
---------
--------
116,893
30,934
Depreciation and other amounts written off assets
636
121
Other charges
44,229
39,065
Tax
8,000
4,637
---------
--------
Profit/(Loss)
64,028
( 12,889)
---------
--------
JTY LIMITED
Statement of Financial Position
31 December 2016
2016
2015
£
£
£
Fixed assets
941,151
1,103,009
---------
------------
Current assets
8,363
90
Prepayments and accrued income
-
128
-------
----
8,363
218
Creditors: amounts falling due within one year
21,103
18,662
---------
------------
Net Current Liabilities
( 12,740)
( 18,444)
---------
------------
Total Assets Less Current Liabilities
928,411
1,084,565
Creditors: amounts falling due after more than one year
715,916
809,613
Accruals and deferred income
2,200
1,800
---------
------------
210,295
273,152
---------
------------
Capital and reserves
210,295
273,152
---------
---------
Notes to the Financial Statements
1. Director's Advances, Credits and Guarantees
During the year the director entered into the following advances and credits with the company:
2016
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J J Youngs
( 809,613)
261,196
( 548,417)
---------
---------
---------
2015
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J J Youngs
( 800,884)
( 8,729)
( 809,613)
---------
-------
---------
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 5 September 2017 , and are signed on behalf of the board by:
Mr J J Youngs
Director
Company registration number: 07312229
The company is a private company limited by shares, registered in England and Wales.
JTY LIMITED
Management Information
Year Ended 31 December 2016
The Following Page Does Not Form Part of the Financial Statements.
JTY LIMITED
Detailed Income Statement
Year Ended 31 December 2016
2016
2015
£
£
Turnover
37,758
30,934
Other Income
79,135
-
Depreciation and Other Amounts Written Off Assets
636
121
Other Charges
44,229
39,065
--------
--------
72,028
(8,252)
--------
--------
JTY LIMITED
Notes to the Detailed Income Statement
Year Ended 31 December 2016
2016
2015
£
£
Other Income
Income from other fixed asset investments
79,093
-
Interest on taxation
42
-
--------
----
79,135
-
--------
----
Depreciation and Other Amounts Written Off Assets
Depreciation of tangible assets
636
121
----
----
Other Charges
Rates and water
-
759
Service charges
838
1,676
Insurance
810
1,020
Repairs and maintenance
1,735
1,192
Light and heat
20
153
Travel and subsistence
246
-
Office expenses
-
150
Bank charges
3,620
-
Management charges payable
2,343
1,931
Legal and professional fees (allowable)
5,703
(12)
Accountancy fees
1,100
882
Loan interest payable
27,814
31,314
--------
--------
44,229
39,065
--------
--------