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REGISTERED NUMBER: 07809026 (England and Wales)















JTS Specialist Services Ltd

Unaudited Financial Statements for the Year Ended 31 March 2023






JTS Specialist Services Ltd (Registered number: 07809026)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JTS Specialist Services Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr J C Smith





REGISTERED OFFICE: Greystone House
20 Meads Road
Eastbourne
East Sussex
BN20 7DX





REGISTERED NUMBER: 07809026 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Wilson House
48 Brooklyn Road
Seaford
East Sussex
BN25 2DX

JTS Specialist Services Ltd (Registered number: 07809026)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 586 -

CURRENT ASSETS
Debtors 5 7,439 7,562
Cash at bank 20,505 29,205
27,944 36,767
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

19,606

22,856
NET CURRENT ASSETS 8,338 13,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,924

13,911

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8,922 13,909
SHAREHOLDERS' FUNDS 8,924 13,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JTS Specialist Services Ltd (Registered number: 07809026)

Balance Sheet - continued
31 March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





Mr J C Smith - Director


JTS Specialist Services Ltd (Registered number: 07809026)

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

1. STATUTORY INFORMATION

JTS Specialist Services Ltd 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 represents revenue in respect of the sale of services to customers and is recognised when the company obtains, through performance under contract, the right to consideration for those services.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced for works and services completed at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


JTS Specialist Services Ltd (Registered number: 07809026)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign exchange
Assets and liabilities in foreign currencies are translated into Great British pounds at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Great British pounds at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 2,063
Additions 879
At 31 March 2023 2,942
DEPRECIATION
At 1 April 2022 2,063
Charge for year 293
At 31 March 2023 2,356
NET BOOK VALUE
At 31 March 2023 586
At 31 March 2022 -

JTS Specialist Services Ltd (Registered number: 07809026)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,410 7,403
Other debtors 29 159
7,439 7,562

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,225 236
Other creditors 12,381 22,620
19,606 22,856

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

During the year the company made advances to the director of £10,468 (2022 - £59,427) and was repaid £486 (2022 - £38,312). At the balance sheet date the company owed the director the sum of £9,922 (2022 - £19,904). The loan is unsecured, interest free and repayable on demand.

During the year, total dividends of £36,500 (2022 - £38,000) were paid to the director.