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Registration number: 08960827

Jasteq Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

Jasteq Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Jasteq Limited

Company Information

Directors

J A Sanchez

M C B Barradas

Company secretary

M C B Barradas

Registered office

17 Augustine Way
Thame
Oxon
OX9 3EA

Accountants

RMCA
Chartered Accountants
The Counting House
9 High Street
Tring
Herts
HP23 5TE

 

Jasteq Limited

(Registration number: 08960827)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

823

1

Current assets

 

Debtors

5

20,013

19,026

Investments

6

82,930

79,215

Cash at bank and in hand

 

115,987

194,901

 

218,930

293,142

Creditors: Amounts falling due within one year

7

(35,866)

(41,128)

Net current assets

 

183,064

252,014

Total assets less current liabilities

 

183,887

252,015

Provisions for liabilities

1,792

(2,698)

Net assets

 

185,679

249,317

Capital and reserves

 

Called up share capital

40

40

Other reserves

(7,640)

11,504

Retained earnings

193,279

237,773

Shareholders' funds

 

185,679

249,317

 

Jasteq Limited

(Registration number: 08960827)
Balance Sheet as at 31 March 2022

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 10 September 2022 and signed on its behalf by:
 

J A Sanchez

Director

 

Jasteq Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Augustine Way
Thame
Oxon
OX9 3EA
England

These financial statements were authorised for issue by the Board on 10 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Jasteq Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

33% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Unrealised changes in the market value of investments held are shown in other reserves, net of deferred tax.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Jasteq Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2021 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2021

317

317

Additions

1,232

1,232

At 31 March 2022

1,549

1,549

Depreciation

At 1 April 2021

316

316

Charge for the year

410

410

At 31 March 2022

726

726

Carrying amount

At 31 March 2022

823

823

At 31 March 2021

1

1

5

Debtors

Current

2022
£

2021
£

Trade debtors

20,013

19,026

 

Jasteq Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

6

Current asset investments

2022
£

2021
£

Other investments

82,930

79,215

Listed investments

Investments having a net book value of £82,930 (31 March 2021 - £79,215) are listed on a recognised stock exchange and had a market value of £82,931 at the end of the year (31 March 2021 - £79,215).

7

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

26,462

24,036

Taxation and social security

4,037

4,013

Accruals and deferred income

1,405

1,605

Other creditors

3,962

11,474

35,866

41,128