Jaytees Ltd - Accounts to registrar (filleted) - small 17.3

Jaytees Ltd - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 06511551 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

JAYTEES LTD

JAYTEES LTD (REGISTERED NUMBER: 06511551)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JAYTEES LTD

COMPANY INFORMATION
for the year ended 31 March 2017







DIRECTORS: M S Bansal
J P Rush





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 06511551 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

JAYTEES LTD (REGISTERED NUMBER: 06511551)

BALANCE SHEET
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 249,720 121,421

CURRENT ASSETS
Stocks 5 75,000 30,000
Debtors 6 221,852 156,428
Cash at bank and in hand 57,983 85,150
354,835 271,578
CREDITORS
Amounts falling due within one year 7 264,523 226,151
NET CURRENT ASSETS 90,312 45,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,032

166,848

PROVISIONS FOR LIABILITIES 49,944 -
NET ASSETS 290,088 166,848

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 289,988 166,748
SHAREHOLDERS' FUNDS 290,088 166,848

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.

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 20 December 2017 and were signed on
its behalf by:



M S Bansal - Director


JAYTEES LTD (REGISTERED NUMBER: 06511551)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2017

1. STATUTORY INFORMATION

Jaytees Ltd 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

JAYTEES LTD (REGISTERED NUMBER: 06511551)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2017

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2016 - 220,213 41,120 261,333
Additions 62,237 93,471 14,957 170,665
At 31 March 2017 62,237 313,684 56,077 431,998
DEPRECIATION
At 1 April 2016 - 121,036 18,876 139,912
Charge for year 726 29,130 12,510 42,366
At 31 March 2017 726 150,166 31,386 182,278
NET BOOK VALUE
At 31 March 2017 61,511 163,518 24,691 249,720
At 31 March 2016 - 99,177 22,244 121,421

5. STOCKS
2017 2016
£    £   
Stocks 75,000 30,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 220,852 153,887
Other debtors 1,000 1,000
Prepayments - 1,541
221,852 156,428

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 62,613 50,955
Tax 4,796 -
Social security and other taxes 5,188 3,513
VAT 39,542 17,535
Other creditors 123,718 123,718
Directors' current accounts 24,023 26,604
Accrued expenses 4,643 3,826
264,523 226,151

JAYTEES LTD (REGISTERED NUMBER: 06511551)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2017

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2016 166,748
Profit for the year 183,240
Dividends (60,000 )
At 31 March 2017 289,988