JXK Limited Micro-entity accounts

JXK Limited Micro-entity accounts

JXK LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08460244
JXK Limited
Unaudited Financial Statements
31 March 2017
JXK Limited
Financial Statements
Year ended 31 March 2017
Contents
Page
Income statement
1
Statement of financial position and the notes to the financial statements
2
The following pages do not form part of the financial statements
Accountants and chartered tax advisers report to the board of directors on the preparation of the unaudited statutory financial statements
5
Detailed income statement
6
Notes to the detailed income statement
7
JXK Limited
Income Statement
Year ended 31 March 2017
2017
2016
£
£
Turnover
1,285,975
790,628
Cost of raw materials and consumables
110,325
116,528
Staff costs
680,049
370,001
Depreciation and other amounts written off assets
41,488
26,209
Other charges
406,794
258,416
Tax
-
( 2,601)
------------
---------
Profit
47,319
22,075
------------
---------
JXK Limited
Statement of Financial Position
31 March 2017
2017
2016
£
£
£
Fixed assets
172,918
137,356
---------
---------
Current assets
520,741
355,052
Prepayments and accrued income
12,608
3,543
---------
---------
533,349
358,595
Creditors: amounts falling due within one year
487,464
233,854
---------
---------
Net current assets
45,885
124,741
---------
---------
Total assets less current liabilities
218,803
262,097
Creditors: amounts falling due after more than one year
61,304
75,249
Accruals and deferred income
101,708
148,376
---------
---------
55,791
38,472
---------
---------
Capital and reserves
55,791
38,472
--------
--------
Notes to the financial statements
1. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2017
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Ms A I Carreira
( 29,460)
( 30,000)
( 59,460)
--------
--------
--------
2016
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Ms A I Carreira
( 9,435)
( 20,025)
( 29,460)
-------
--------
--------
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 4 September 2017 , and are signed on behalf of the board by:
Ms A I Carreira
Mr D Budino Varela
Director
Director
Company registration number: 08460244
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 & 2, 3 Sunbeam Road, Park Royal, London, NW10 6JP, England.
JXK Limited
Management Information
Year ended 31 March 2017
The following pages do not form part of the financial statements.
JXK Limited
Accountants and Chartered Tax Advisers Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of JXK Limited
Year ended 31 March 2017
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2017, 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.
N.K.TING & CO Accountants and Chartered Tax Advisers
10 Chester Drive North Harrow Middlesex HA2 7PU
4 September 2017
JXK Limited
Detailed Income Statement
Year ended 31 March 2017
2017
2016
£
£
Turnover
1,285,975
790,628
Cost of raw materials and consumables
Opening stock - raw materials
116,725
32,225
Purchases
329,600
201,028
---------
---------
446,325
233,253
Closing stock - resale
336,000
116,725
---------
---------
110,325
116,528
---------
---------
Staff costs
680,049
370,001
Depreciation and other amounts written off assets
41,488
26,209
Other charges
406,794
258,416
---------
---------
47,319
19,474
---------
---------
JXK Limited
Notes to the Detailed Income Statement
Year ended 31 March 2017
2017
2016
£
£
Staff costs
Wages and Salaries
653,162
354,773
Directors salaries
26,887
15,228
---------
---------
680,049
370,001
---------
---------
Depreciation and other amounts written off assets
Depreciation of tangible assets
36,488
23,628
(Gain)/loss on disposal of tangible assets
5,000
2,581
--------
--------
41,488
26,209
--------
--------
Other charges
Commission Payable
37,800
25,284
Rent rates and water
48,000
45,382
Light and heat
25,040
14,046
Insurance
16,842
2,412
Repairs and maintenance (allowable)
33,371
12,259
Motor expenses
42,553
33,356
Travel and subsistence
292
1,993
Hire costs (non-operating leases)
123,992
38,828
Telephone
3,062
1,638
Printing postage and stationery
4,815
2,336
Sundry Expenses
4,145
578
Advertising
10,605
1,101
Bad Debts written off
-
54,381
Factoring charges
24,997
-
Bank Charges
2,309
2,406
Legal and Professional Fees
6,984
7,155
Accountancy Fees
9,127
6,892
Loan Interest payable
6,561
4,050
Interest on hire purchase and finance lease contracts
6,299
4,319
---------
---------
406,794
258,416
---------
---------