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REGISTERED NUMBER: 03375140 (England and Wales)















J. & E. Computers Limited

Unaudited Financial Statements for the Year Ended 30 June 2022






J. & E. Computers Limited (Registered number: 03375140)

Contents of the Financial Statements
for the year ended 30 June 2022










Page

Balance Sheet 1

Notes to the Financial Statements 3


J. & E. Computers Limited (Registered number: 03375140)

Balance Sheet
30 June 2022

30.6.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 29,976 23,084

CURRENT ASSETS
Stocks 38,122 32,136
Debtors 6 545,900 450,722
Cash at bank and in hand 160,316 122,850
744,338 605,708
CREDITORS
Amounts falling due within one year 7 111,722 82,202
NET CURRENT ASSETS 632,616 523,506
TOTAL ASSETS LESS CURRENT LIABILITIES 662,592 546,590

CREDITORS
Amounts falling due after more than one
year

8

(15,671

)

(18,957

)

PROVISIONS FOR LIABILITIES (5,700 ) (4,340 )
NET ASSETS 641,221 523,293

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 641,219 523,291
641,221 523,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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.

J. & E. Computers Limited (Registered number: 03375140)

Balance Sheet - continued
30 June 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 31 August 2022 and were signed on its behalf by:




C N Walton - Director



G J Walton - Director


J. & E. Computers Limited (Registered number: 03375140)

Notes to the Financial Statements
for the year ended 30 June 2022


1. STATUTORY INFORMATION

J. & E. Computers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03375140

Registered office: Brighouse Computer Centre
3 Owler Ings Road
Brighouse
West Yorkshire
HD6 1EJ

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on these financial statements.

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
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and any costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:
Fixtures, fittings and equipment- 25% reducing balance
Motor vehicles- 25% reducing balance

At each reporting period end, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount is the higher of fair value less costs to sell and value in use. An impairment loss is recognised immediately in profit or loss.

J. & E. Computers Limited (Registered number: 03375140)

Notes to the Financial Statements - continued
for the year ended 30 June 2022


3. ACCOUNTING POLICIES - continued

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
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

J. & E. Computers Limited (Registered number: 03375140)

Notes to the Financial Statements - continued
for the year ended 30 June 2022


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2021 35,328
Additions 14,070
At 30 June 2022 49,398
DEPRECIATION
At 1 July 2021 12,244
Charge for year 7,178
At 30 June 2022 19,422
NET BOOK VALUE
At 30 June 2022 29,976
At 30 June 2021 23,084

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade debtors 95,680 74,806
Other debtors 450,220 375,916
545,900 450,722

Other debtors includes £450,000 (2021 - £375,000) owing by the company's holding company C. & G. Computers Limited.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Hire purchase contracts 3,286 3,286
Trade creditors 38,510 22,386
Taxation and social security 66,376 54,776
Other creditors 3,550 1,754
111,722 82,202

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.22 30.6.21
£    £   
Hire purchase contracts 15,671 18,957