Jaxer Ltd 13120033 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is business support services Digita Accounts Production Advanced 6.30.9574.0 true 13120033 2022-04-01 2023-03-31 13120033 2023-03-31 13120033 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-31 13120033 bus:Revised 2023-03-31 13120033 core:CurrentFinancialInstruments 2023-03-31 13120033 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13120033 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-03-31 13120033 bus:SmallEntities 2022-04-01 2023-03-31 13120033 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13120033 bus:AbridgedAccounts 2022-04-01 2023-03-31 13120033 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13120033 bus:RegisteredOffice 2022-04-01 2023-03-31 13120033 bus:Director1 2022-04-01 2023-03-31 13120033 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-04-01 2023-03-31 13120033 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13120033 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-04-01 2023-03-31 13120033 countries:England 2022-04-01 2023-03-31 13120033 2022-03-31 13120033 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-03-31 13120033 2021-01-07 2022-03-31 13120033 2022-03-31 13120033 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-03-31 13120033 core:CurrentFinancialInstruments 2022-03-31 13120033 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 13120033 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-03-31 13120033 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-01-07 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13120033

Jaxer Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2023

 

Jaxer Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Jaxer Ltd

(Registration number: 13120033)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

311,503

244,734

Cash at bank and in hand

 

316,554

500,941

 

628,057

745,675

Creditors: Amounts falling due within one year

(628,530)

(746,000)

Total assets less current liabilities

 

(473)

(325)

Accruals and deferred income

 

(900)

(601)

Net liabilities

 

(1,373)

(926)

Capital and reserves

 

Called up share capital

4

6

6

Retained earnings

(1,379)

(932)

Shareholders' deficit

 

(1,373)

(926)

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 23 October 2023
 

.........................................
Mr J Cosgrove
Director

 

Jaxer Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

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

The address of its registered office is:
14 Lennox Street
Worsthorne
Burnley
Lancashire
BB10 3LY

These financial statements were authorised for issue by the director on 23 October 2023.

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Jaxer Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

6

6

6

6

         
 

Jaxer Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

5

Related party transactions

Summary of transactions with entities with joint control or significant interest

M65 Vans Ltd
JMC Customz Ltd
Rampage Vehicles Ltd
Pickup Systems (SV) Ltd
Power HQ Ltd

 

Loans to related parties

2023

Entities with joint control or significant influence
£

Total
£

At start of period

244,734

244,734

Advanced

45,769

45,769

At end of period

290,503

290,503

2022

Entities with joint control or significant influence
£

Total
£

Advanced

244,734

244,734

At end of period

244,734

244,734

Loans from related parties

2023

Entities with joint control or significant influence
£

Total
£

At start of period

746,000

746,000

Repaid

(117,470)

(117,470)

At end of period

628,530

628,530

2022

Entities with joint control or significant influence
£

Total
£

Advanced

746,000

746,000

At end of period

746,000

746,000