Jainco (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05153185 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

JAINCO (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V Jain

S K Jain

K Jain

SECRETARY:

V Jain

REGISTERED OFFICE:

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

REGISTERED NUMBER:

05153185 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

87,161

105,947

CURRENT ASSETS

Stocks

244,212

226,339

Debtors

5

2,106,738

1,749,119

Cash at bank and in hand

2,640,061

1,755,864

4,991,011

3,731,322

CREDITORS

Amounts falling due within one year

6

2,115,278

1,555,755

NET CURRENT ASSETS

2,875,733

2,175,567

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,962,894

2,281,514

CREDITORS

Amounts falling due after more than one year

7

(13,754

)

(68,746

)

PROVISIONS FOR LIABILITIES

(13,192

)

(19,111

)

NET ASSETS

2,935,948

2,193,657

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

2,935,848

2,193,557

SHAREHOLDERS' FUNDS

2,935,948

2,193,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 22 June 2018 and were signed on its behalf by:

V Jain - Director

1.	STATUTORY INFORMATION

Jainco (UK) 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.

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

-

15% 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.

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not

have any Other Financial Instruments as covered by Section 12 of FRS102.

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

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 18 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

187,404

Additions

4,177

At 30 November 2017

191,581

DEPRECIATION

At 1 December 2016

81,457

Charge for year

22,963

At 30 November 2017

104,420

NET BOOK VALUE

At 30 November 2017

87,161

At 30 November 2016

105,947

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

Trade debtors

1,223,177

831,325

Other debtors

883,561

917,794

2,106,738

1,749,119

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

Bank loans and overdrafts

4,567

50,447

Trade creditors

36,706

638,225

Taxation and social security

198,870

258,523

Other creditors & accruals

1,875,135

608,560

2,115,278

1,555,755

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

£

Other creditors

13,754

68,746

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.17

30.11.16

value:

£

4

Ordinary shares

£1

100

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial

Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly

owned subsidiaries within the group.

At the balance sheet date the company was owed £678,873 (2016: 578,873) by Jain Estates Limited, a related party by

virtue of common control.

During the year dividends of £73,324 (2016: £103,884) were paid to S K Jain, V Jain, K Jain and Mrs V Jain, the

shareholders of the company.

Included within other creditors is an amount of £13,755 owed to the directors of the company.

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party

11.	FIRST YEAR ADOPTION

The company adopted FRS 102 for the accounting year 30 November 2017. There were no adjustments arising at the

transition date or at the end of the comparative period, therefore there is no difference between equity under the previous

financial reporting framework and equity under FRS 102

Jainco (UK) Limited - Accounts to registrar (filleted) - small 18.2

Jainco (UK) Limited - Accounts to registrar (filleted) - small 18.2