Jays Services (South West) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06926463 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Jays Services (South West) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R Sully

REGISTERED OFFICE:

107 North Street

Martock

Somerset

TA12 6EJ

REGISTERED NUMBER:

06926463 (England and Wales)

ACCOUNTANTS:

Read & Co.

107 North Street

Martock

Somerset

TA12 6EJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

9,996

12,224

9,996

12,224

CURRENT ASSETS

Stocks

320

300

Debtors

6

3,420

4,596

Cash at bank

6,953

8,343

10,693

13,239

CREDITORS

Amounts falling due within one year

7

14,467

18,349

NET CURRENT LIABILITIES

(3,774

)

(5,110

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,222

7,114

PROVISIONS FOR LIABILITIES

8

1,899

2,445

NET ASSETS

4,323

4,669

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

4,223

4,569

SHAREHOLDERS' FUNDS

4,323

4,669

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 17 November 2017 and were signed by:

Mr R Sully - Director

1.	STATUTORY INFORMATION

Jays Services (South West) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of four years.

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.

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 cost, 25% on reducing balance and 15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2016

and 30 June 2017

8,000

AMORTISATION

At 1 July 2016

and 30 June 2017

8,000

NET BOOK VALUE

At 30 June 2017

-

At 30 June 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

32,116

Additions

746

At 30 June 2017

32,862

DEPRECIATION

At 1 July 2016

19,892

Charge for year

2,974

At 30 June 2017

22,866

NET BOOK VALUE

At 30 June 2017

9,996

At 30 June 2016

12,224

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

2,210

2,532

Other debtors

1,210

2,064

3,420

4,596

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Taxation and social security

2,847

3,804

Other creditors

11,620

14,545

14,467

18,349

8.	PROVISIONS FOR LIABILITIES

30.6.17

30.6.16

£

£

Deferred tax

1,899

2,445

Deferred

tax

£

Balance at 1 July 2016

2,445

Credit to Income Statement during year

(546

)

Balance at 30 June 2017

1,899

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 July 2016

4,569

Profit for the year

9,654

Dividends

(10,000

)

At 30 June 2017

4,223

11.	RELATED PARTY DISCLOSURES

During the year the company paid dividends of £10,000 to Mr R Sully who is a director.

TRANSACTIONS WITH DIRECTORS

The company operates a current account with the director and the activity during the year was as follows:

30.6.17

30.6.16

Mr R Sully

£

£

Amount owed to director at end of year

10,886

13,922

Amount owed to director at start of year

13,922

12,034

The amount owed to the director is interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The company was under the ultimate control of Mr R Sully who is the sole director and shareholder.