Jadelink UK Limited Filleted accounts for Companies House (small and micro)

JADELINK UK LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 4643509

Jadelink UK Limited

Filleted Unaudited Financial Statements

31 December 2017

Jadelink UK Limited

Statement of Financial Position

31 December 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	4	117,781	166,240
Cash at bank and in hand		59,397	63,837
		---------	---------
		177,178	230,077

Creditors: amounts falling due within one year	5	900		13,993
		---------		---------
Net current assets			176,278	216,084
			---------	---------
Total assets less current liabilities			176,278	216,084
			---------	---------
Net assets			176,278	216,084
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	176,178	215,984
	---------	---------
Shareholders funds	176,278	216,084
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 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 were approved by the board of directors and authorised for issue on 25 September 2018 , and are signed on behalf of the board by:

Mr D M Lohan
Director

Company registration number: 4643509

Jadelink UK Limited

Notes to the Financial Statements

Year ended 31 December 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 32-34 Station Close, Potters Bar, Herts, EN2 1TL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

4. Debtors

	2017	2016
	£	£
Trade debtors	–	33,166
Amounts owed by group undertakings and undertakings in which the company has a participating interest	115,694	115,694
Other debtors	2,087	17,380
	---------	---------
	117,781	166,240
	---------	---------

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	–	8,014
Social security and other taxes	–	5,979
Other creditors	900	–
	----	--------
	900	13,993
	----	--------

6. Related party transactions

The company was under the control of Mr D Lohan throughout the current and previous year. Mr D Lohan is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRA 102.