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JAXIT LIMITED
Registered Number:06748273
For the year ended 29 November 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 29 November 2021
JAXIT LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06748273
As at 29 November 2021
JAXIT LIMITED
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
2,182
910
2
2,182
910
Current assets
Trade and other receivables
8,106
10,403
3
45,340
Cash and cash equivalents
44,914
55,317
53,446
Trade and other payables: amounts falling due within one
year
(5,142)
(5,384)
4
48,304
49,933
Net current assets
Total assets less current liabilities
52,115
49,214
52,115
Net assets
49,214
Capital and reserves
Called up share capital
1
-
Retained earnings
52,114
49,214
52,115
49,214
Shareholders' funds
For the year ended 29 November 2021 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 29 November 2021 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.
Mr Marc Barrow Director
These financial statements were approved and authorised for issue by the Board on 25 August 2022 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 29 November 2021
JAXIT LIMITED
Notes to the Financial Statements
Statutory Information
JAXIT LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number
06748273.
Registered address:
17 SYCAMORE AVENUE
TREGOF VILLAGE, SWANSEA VALE
SWANSEA
SA7 0NH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
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:
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
£
£
£
£
Cost or
valuation
At 30 November 2020
7,560
6,697
477
386
2,000
2,000
-
-
Additions
At 29 November 2021
386
477
8,697
9,560
Provision for depreciation and impairment
At 30 November 2020
6,650
6,105
449
96
Charge for year
728
648
7
73
At 29 November 2021
7,378
6,753
456
169
At 29 November 2021
Net book value
217
21
1,944
2,182
At 29 November 2020
290
28
592
910
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5
For the year ended 29 November 2021
JAXIT LIMITED
Notes to the Financial Statements Continued
3. Trade and other receivables
2020
2021
£
£
Trade debtors
9,720
7,859
Other debtors
683
247
8,106
10,403
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Taxation and social security
4,370
4,128
Other creditors
1,014
1,014
5,384
5,142
5. Average number of persons employed
During the year the average number of employees was 0
3 of 3