JAY-KRISHNA LTD - Accounts to registrar (filleted)

REGISTERED NUMBER: 07413710 (England and Wales)

Financial Statements for the Year Ended 31 October 2017

for

JAY-KRISHNA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTOR:

Mr J Patel

REGISTERED OFFICE:

Retail Unit B

Attenborough Court

Owen Square

Watford

WD19 4FN

REGISTERED NUMBER:

07413710 (England and Wales)

ACCOUNTANTS:

Waran & Company

Accountants &

Tax Advisors

570 Kingston Road

Raynes Park

London

SW20 8DR

FIXED ASSETS

Intangible assets

4

45,000

Tangible assets

5

21,340

66,340

CURRENT ASSETS

Stocks

55,000

10,500

Debtors

6

131,120

78,562

Cash at bank

123,514

168,221

309,634

257,283

CREDITORS

Amounts falling due within one year

7

119,166

113,189

NET CURRENT ASSETS

190,468

144,094

TOTAL ASSETS LESS CURRENT
LIABILITIES

256,808

210,434

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

256,708

210,334

SHAREHOLDERS' FUNDS

256,808

210,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 6 July 2018 and were signed by:

Mr J Patel - Director

1.	STATUTORY INFORMATION

JAY-KRISHNA 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of nil 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 the cost less estimated residual value of each asset over its estimated useful life.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2016

and 31 October 2017

45,000

NET BOOK VALUE

At 31 October 2017

45,000

At 31 October 2016

45,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

and 31 October 2017

21,340

NET BOOK VALUE

At 31 October 2017

21,340

At 31 October 2016

21,340

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

Trade debtors

74,618

78,562

Other debtors

56,502

-

131,120

78,562

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

Trade creditors

97,589

14,108

Taxation and social security

19,597

28,249

Other creditors

1,980

70,832

119,166

113,189

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.10.17

31.10.16

value:

£

100

Share capital 1

1.00

100

9.	RELATED PARTY DISCLOSURES

As of 31/10/2017 there was a sum of £45,082.00 owed to the company by its share holders, which had

Subsequntly been repaid on 25/07/2018

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Waran & Company

Accountants &

Tax Advisors

570 Kingston Road

Raynes Park

London

SW20 8DR

Date: .............................................

JAY-KRISHNA LTD - Accounts to registrar (filleted) - small 18.2

JAY-KRISHNA LTD - Accounts to registrar (filleted) - small 18.2