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REGISTERED NUMBER: 06454374 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

JY Textiles (Europe) Limited

JY Textiles (Europe) Limited (Registered number: 06454374)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

JY Textiles (Europe) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N A Preston





REGISTERED OFFICE: Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS





REGISTERED NUMBER: 06454374 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

JY Textiles (Europe) Limited (Registered number: 06454374)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,127 888

CURRENT ASSETS
Debtors 6 6,181 5,704
Cash at bank 10,200 2,963
16,381 8,667
CREDITORS
Amounts falling due within one year 7 72,624 69,220
NET CURRENT LIABILITIES (56,243 ) (60,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(54,116

)

(59,665

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (54,117 ) (59,666 )
SHAREHOLDERS' FUNDS (54,116 ) (59,665 )

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.

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 Statement of Income and Retained Earnings has not been delivered.

JY Textiles (Europe) Limited (Registered number: 06454374)

Statement of Financial Position - continued
31 March 2023



The financial statements were approved by the director and authorised for issue on 6 November 2023 and were signed by:





N A Preston - Director


JY Textiles (Europe) Limited (Registered number: 06454374)

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

1. STATUTORY INFORMATION

JY Textiles (Europe) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

The directors have indicated that the company will continue to receive their support for the foreseeable future. As a consequence of this the financial statements have been prepared on the basis of a going concern.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

JY Textiles (Europe) Limited (Registered number: 06454374)

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

5. TANGIBLE FIXED ASSETS
Plant & Fixtures Computer
machinery & fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 167 440 2,436 3,043
Additions - 1,581 259 1,840
At 31 March 2023 167 2,021 2,695 4,883
DEPRECIATION
At 1 April 2022 155 400 1,600 2,155
Charge for year 3 324 274 601
At 31 March 2023 158 724 1,874 2,756
NET BOOK VALUE
At 31 March 2023 9 1,297 821 2,127
At 31 March 2022 12 40 836 888

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 6,181 5,704

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 1,259 1,124
Trade creditors 5,136 -
Social security and other taxes 4,732 655
Credit card 1,031 111
Directors' current accounts 58,351 65,842
Accrued expenses 2,115 1,488
72,624 69,220

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
JY Textiles (Europe) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JY Textiles (Europe) Limited for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of JY Textiles (Europe) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JY Textiles (Europe) Limited and state those matters that we have agreed to state to the director of JY Textiles (Europe) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JY Textiles (Europe) Limited and its director for our work or for this report.

It is your duty to ensure that JY Textiles (Europe) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JY Textiles (Europe) Limited. You consider that JY Textiles (Europe) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JY Textiles (Europe) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


6 November 2023