IRIS Accounts Production v18.2.0.360 08584379 Board of Directors 1.4.17 31.3.18 31.3.18 false true false false true false 'A' Ordinary 1.00000 'B' Ordinary 1.00000 'C' Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure085843792017-03-31085843792018-03-31085843792017-04-012018-03-31085843792016-03-31085843792016-04-012017-03-31085843792017-03-3108584379ns15:EnglandWales2017-04-012018-03-3108584379ns14:PoundSterling2017-04-012018-03-3108584379ns10:Director12017-04-012018-03-3108584379ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3108584379ns10:SmallEntities2017-04-012018-03-3108584379ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3108584379ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3108584379ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3108584379ns10:FullAccounts2017-04-012018-03-3108584379ns10:OrdinaryShareClass12017-04-012018-03-3108584379ns10:OrdinaryShareClass22017-04-012018-03-3108584379ns10:OrdinaryShareClass32017-04-012018-03-3108584379ns10:Director22017-04-012018-03-3108584379ns10:Director32017-04-012018-03-3108584379ns10:RegisteredOffice2017-04-012018-03-3108584379ns5:CurrentFinancialInstruments2018-03-3108584379ns5:CurrentFinancialInstruments2017-03-3108584379ns5:ShareCapital2018-03-3108584379ns5:ShareCapital2017-03-3108584379ns5:RetainedEarningsAccumulatedLosses2018-03-3108584379ns5:RetainedEarningsAccumulatedLosses2017-03-3108584379ns5:FurnitureFittings2017-04-012018-03-3108584379ns5:FurnitureFittings2017-03-3108584379ns5:FurnitureFittings2018-03-3108584379ns5:FurnitureFittings2017-03-3108584379ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3108584379ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3108584379ns10:OrdinaryShareClass12018-03-3108584379ns10:OrdinaryShareClass22018-03-3108584379ns10:OrdinaryShareClass32018-03-3108584379ns5:RetainedEarningsAccumulatedLosses2017-03-3108584379ns5:RetainedEarningsAccumulatedLosses2017-04-012018-03-3108584379ns10:Director112017-03-3108584379ns10:Director112016-03-3108584379ns10:Director112017-04-012018-03-3108584379ns10:Director112016-04-012017-03-3108584379ns10:Director112018-03-3108584379ns10:Director112017-03-31


REGISTERED NUMBER: 08584379 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

JERSEY TRADING LIMITED

JERSEY TRADING LIMITED (REGISTERED NUMBER: 08584379)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JERSEY TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: M B Edmundson
Mrs S Edmundson
Mrs M Dunbar





REGISTERED OFFICE: Unit 19A
Matchworks Studio
140 Speke Road
Liverpool
Merseyside
L19 2RF





REGISTERED NUMBER: 08584379 (England and Wales)





ACCOUNTANTS: Malthouse & Company Chartered Accountants
America House, Rumford Court
Rumford Place
Liverpool
Merseyside
L3 9DD

JERSEY TRADING LIMITED (REGISTERED NUMBER: 08584379)

BALANCE SHEET
31 MARCH 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,422 28,531

CURRENT ASSETS
Stocks 81,072 82,385
Debtors 5 114,325 67,528
Cash at bank 54,530 79,931
249,927 229,844
CREDITORS
Amounts falling due within one year 6 191,905 181,339
NET CURRENT ASSETS 58,022 48,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,444

77,036

PROVISIONS FOR LIABILITIES 4,878 -
NET ASSETS 81,566 77,036

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 81,466 76,936
SHAREHOLDERS' FUNDS 81,566 77,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

JERSEY TRADING LIMITED (REGISTERED NUMBER: 08584379)

BALANCE SHEET - continued
31 MARCH 2018


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 24 September 2018 and were signed on
its behalf by:





M B Edmundson - Director


JERSEY TRADING LIMITED (REGISTERED NUMBER: 08584379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Jersey Trading 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.
Fixtures and fittings - 25% on reducing balance

Tangible fixed assets are initially recognised at cost.

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.


JERSEY TRADING LIMITED (REGISTERED NUMBER: 08584379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2017 61,324
Additions 9,365
At 31 March 2018 70,689
DEPRECIATION
At 1 April 2017 32,793
Charge for year 9,474
At 31 March 2018 42,267
NET BOOK VALUE
At 31 March 2018 28,422
At 31 March 2017 28,531

JERSEY TRADING LIMITED (REGISTERED NUMBER: 08584379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 111,473 64,793
Other debtors 2,852 2,735
114,325 67,528

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 139,744 105,513
Taxation and social security 39,192 52,994
Other creditors 12,969 22,832
191,905 181,339

7. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
50 'A' Ordinary £1 50 50
45 'B' Ordinary £1 45 45
5 'C' Ordinary £1 5 5
100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2017 76,936
Profit for the year 40,530
Dividends (36,000 )
At 31 March 2018 81,466

JERSEY TRADING LIMITED (REGISTERED NUMBER: 08584379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and
31 March 2017:

31.3.18 31.3.17
£    £   
M B Edmundson
Balance outstanding at start of year (8,408 ) (299 )
Amounts advanced 58,502 39,113
Amounts repaid (50,140 ) (47,222 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (46 ) (8,408 )

10. RELATED PARTY DISCLOSURES

During the year, the company made sales totalling £1,543 to Matt Edmundson Limited, a company
related by common directors and shareholders. As at 31 March 2018, the company was owed a total
of £924 by Matt Edmundson Limited.

During the year, the company paid for website maintenance services totalling £21,846 from Kurious
Limited, and £18,000 from Kurious Agency Limited, both of which are also companies related by
common directors and shareholders. The company also incurred recharged expenses totalling £18,112
from Kurious Limited in respect of rent and utilities. As at 31 March 2018, the company owed a total
of £8,117 to Kurious Limited.

During the year, a total of £61,300 was paid to Carrefour S.A. (which is controlled by A.J. Topman)
relating to licence/branding fees in order to sell the products.

Dividends totalling £36,000 were paid to the directors during the year.