J S International Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02902894 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

J S INTERNATIONAL LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Patani

Mrs B Patani

REGISTERED OFFICE:

Unit B, 3 Regal Way

Watford

Hertfordshire

WD24 4YJ

REGISTERED NUMBER:

02902894 (England and Wales)

ACCOUNTANTS:

Joshua Leigh & Co Limited

Alpha House

176a High Street

Barnet

Hertfordshire

EN5 5SZ

FIXED ASSETS

Intangible assets

4

1,950

2,220

Tangible assets

5

20,011

20,485

21,961

22,705

CURRENT ASSETS

Stocks

1,299,371

812,426

Debtors

746,543

704,249

Cash at bank and in hand

271,447

741,156

2,317,361

2,257,831

CREDITORS

Amounts falling due within one year

(537,991

)

(521,515

)

NET CURRENT ASSETS

1,779,370

1,736,316

TOTAL ASSETS LESS CURRENT LIABILITIES

1,801,331

1,759,021

PROVISIONS FOR LIABILITIES

(3,406

)

(3,346

)

NET ASSETS

1,797,925

1,755,675

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

1,697,925

1,655,675

SHAREHOLDERS' FUNDS

1,797,925

1,755,675

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 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 November 2017 and were signed on its behalf by:

S Patani - Director

Mrs B Patani - Director

1.	STATUTORY INFORMATION

J S International 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.

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.

Trade Marks are being amortised evenly over their estimated useful life of ten 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

-

33% on reducing balance, 25% on reducing balance and 20% 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.

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

Premiums in respect of defined contribution pension schemes are charged to profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

11,866

AMORTISATION

At 1 April 2016

9,646

Amortisation for year

270

At 31 March 2017

9,916

NET BOOK VALUE

At 31 March 2017

1,950

At 31 March 2016

2,220

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

174,557

Additions

5,140

At 31 March 2017

179,697

DEPRECIATION

At 1 April 2016

154,072

Charge for year

5,614

At 31 March 2017

159,686

NET BOOK VALUE

At 31 March 2017

20,011

At 31 March 2016

20,485