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Jacork Ltd
Registered Number:SC506017
For the year ended 31 May 2018
Scotland
Unaudited Financial Statements
2
As at 31 May 2018
Jacork Ltd
Statement of Financial Position
Registered Number :
SC506017
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
10,547
14,062
2
10,547
14,062
Current assets
Trade and other receivables
1,338
1,126
3
12
Cash and cash equivalents
471
1,597
1,350
Trade and other payables: amounts falling due within one
year
(2,735)
(7,213)
4
(1,385)
(5,616)
Net current liabilities
Total assets less current liabilities
4,931
12,677
Trade and other payables: amounts falling due after more
than one year
(13,559)
(5,731)
5
(800)
Net liabilities
(882)
Capital and reserves
Called up share capital
100
100
Retained earnings
(900)
(982)
(800)
(882)
Shareholders' funds
For the year ended 31 May 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Jason Corkindale Director
These financial statements were approved and authorised for issue by the Board on 08 November 2018 and were signed by:
The notes form part of these financial statements
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3
For the year ended 31 May 2018
Jacork Ltd
Notes to the Financial Statements
Statutory Information
Jacork Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC506017.
Registered address:
62 John Neilson Avenue
Paisley
PA1 2SX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2. Property, plant and equipment
Motor vehicles
£
Cost or
valuation
At 01 June 2017
25,000
At 31 May 2018
25,000
Provision for depreciation and impairment
At 01 June 2017
10,938
Charge for year
3,515
At 31 May 2018
14,453
At 31 May 2018
Net book value
10,547
At 31 May 2017
14,062
3. Trade and other receivables
2017
2018
£
£
Other debtors
1,126
1,338
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4
For the year ended 31 May 2018
Jacork Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
-
1
Taxation and social security
2,374
1,809
Other creditors
4,839
925
7,213
2,735
5. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Other creditors
5,731
13,559
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