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REGISTERED NUMBER: 01616225 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022

FOR

JARO SIGNS LIMITED

JARO SIGNS LIMITED (REGISTERED NUMBER: 01616225)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JARO SIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2022







DIRECTORS: M F Musgrave
Ms. W Walsh





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: 15 Hornsby Square
Southfields Industrial Park
Laindon
Basildon
Essex
SS15 6SD





REGISTERED NUMBER: 01616225 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

JARO SIGNS LIMITED (REGISTERED NUMBER: 01616225)

BALANCE SHEET
31 JULY 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,323 32,497

CURRENT ASSETS
Stocks 15,475 4,792
Debtors 5 120,346 64,365
Cash at bank 42,620 40,735
178,441 109,892
CREDITORS
Amounts falling due within one year 6 134,055 91,217
NET CURRENT ASSETS 44,386 18,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,709

51,172

CREDITORS
Amounts falling due after more than one
year

7

(34,167

)

(44,167

)

PROVISIONS FOR LIABILITIES (6,869 ) (5,957 )
NET ASSETS 31,673 1,048

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 30,673 48
SHAREHOLDERS' FUNDS 31,673 1,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

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

JARO SIGNS LIMITED (REGISTERED NUMBER: 01616225)

BALANCE SHEET - continued
31 JULY 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 7 September 2022 and were signed on its behalf by:




M F Musgrave - Director



Ms. W Walsh - Director


JARO SIGNS LIMITED (REGISTERED NUMBER: 01616225)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

1. STATUTORY INFORMATION

Jaro Signs 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Turnover
Turnover consists of the invoiced value (excluding VAT) of goods and services supplied to third parties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 40% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

JARO SIGNS LIMITED (REGISTERED NUMBER: 01616225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022

2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants received as a result of Covid 19 support have been accounted for under the accrual model and are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grants are intended to compensate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 August 2021
and 31 July 2022 1,994 37,561 227,277
DEPRECIATION
At 1 August 2021 1,994 37,561 202,370
Charge for year - - 2,491
At 31 July 2022 1,994 37,561 204,861
NET BOOK VALUE
At 31 July 2022 - - 22,416
At 31 July 2021 - - 24,907

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2021
and 31 July 2022 16,277 24,174 4,044 311,327
DEPRECIATION
At 1 August 2021 14,291 18,904 3,710 278,830
Charge for year 198 1,318 167 4,174
At 31 July 2022 14,489 20,222 3,877 283,004
NET BOOK VALUE
At 31 July 2022 1,788 3,952 167 28,323
At 31 July 2021 1,986 5,270 334 32,497

JARO SIGNS LIMITED (REGISTERED NUMBER: 01616225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade debtors 114,147 53,839
Other debtors 6,199 10,526
120,346 64,365

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans and overdrafts 10,000 5,833
Trade creditors 54,808 32,487
Taxation and social security 33,588 19,636
Other creditors 35,659 33,261
134,055 91,217

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.22 31.7.21
£    £   
Bank loans 34,167 44,167

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,167

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.22 31.7.21
value: £    £   
1,000 Ordinary £1 1,000 1,000