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REGISTERED NUMBER: 01471438 (England and Wales)














JULEX LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022






JULEX LIMITED (REGISTERED NUMBER: 01471438)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JULEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTORS: M.A. Richardson
C.C. Haeger





SECRETARY: M.A. Richardson





REGISTERED OFFICE: 54 Aldersbrook Road
Wanstead
London
E12 5HH





REGISTERED NUMBER: 01471438 (England and Wales)





ACCOUNTANTS: Cobbin Floyd Ltd
t/as Findlay Wetherfield Scott & Co
Chartered Accountants
137, Station Road,
Chingford,
London
E4 6AG

JULEX LIMITED (REGISTERED NUMBER: 01471438)

BALANCE SHEET
31ST MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,738 38,738

CURRENT ASSETS
Debtors 5 1,553 2,859
Cash at bank 62,400 101,535
63,953 104,394
CREDITORS
Amounts falling due within one year 6 101,051 137,557
NET CURRENT LIABILITIES (37,098 ) (33,163 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,640

5,575

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 640 4,575
SHAREHOLDERS' FUNDS 1,640 5,575

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

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

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 19th August 2022 and were signed on its behalf by:



M.A. Richardson - Director



C.C. Haeger - Director


JULEX LIMITED (REGISTERED NUMBER: 01471438)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022

1. STATUTORY INFORMATION

Julex 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 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 comprises rental and other income from the letting of investment properties.

Tangible fixed assets
Freehold and leasehold land and buildings are investment properties and are stated at cost, which is not in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2007), which would require the properties to be stated at open market value. This would have resulted in any surplus or deficit on the revaluations being transferred to a revaluation reserve net of any deferred tax provision, unless a deficit on an individual property was expected to be permanent, when that deficit would be recognised in the profit and loss account.

The properties are not depreciated, which is not in accordance with the Companies Act. The amount which might have been included cannot be separately identified or quantified.

The properties are leased out under operating leases.

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.

Operating leases
Rents receivable from operating leases, where the benefits and risks of ownership remain substantially with the lessor, are credited to the profit and loss account as due. Lease premiums receivable are credited to the profit and loss account in full in the period they are received.

3. EMPLOYEES AND DIRECTORS

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

JULEX LIMITED (REGISTERED NUMBER: 01471438)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
Cost
At 1st April 2021
and 31st March 2022 38,738
Net book value
At 31st March 2022 38,738
At 31st March 2021 38,738

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,553 2,826
Other debtors - 33
1,553 2,859

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Corporation tax 15 486
Other creditors 1,846 1,833
Directors' current accounts 98,309 134,309
Accrued expenses 881 929
101,051 137,557

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed to the directors at the balance sheet date was £98,309.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The company is considered to have no controlling party.