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Registration number: 13342973

Jagster Limited

Unaudited Filleted Financial Statements

for the Period from 19 April 2021 to 30 April 2022

 

Jagster Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Jagster Limited

Company Information

Director

Mr J Shakoori

Registered office

1 Blatchington Road
Hove
East Sussex
BN3 3YP

Accountants

Durston Gibb
Chartered Accountants
1 Blatchington Road
Hove
East Sussex
BN3 3YP

 

Jagster Limited

(Registration number: 13342973)
Balance Sheet as at 30 April 2022

Note

2022
£

Fixed assets

 

Tangible assets

4

6,186

Current assets

 

Debtors

5

5,180

Cash at bank and in hand

 

55,856

 

61,036

Creditors: Amounts falling due within one year

6

(33,114)

Net current assets

 

27,922

Net assets

 

34,108

Capital and reserves

 

Called up share capital

7

100

Retained earnings

34,008

Shareholders' funds

 

34,108

For the financial period ending 30 April 2022 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 period 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 November 2023
 

 

Jagster Limited

(Registration number: 13342973)
Balance Sheet as at 30 April 2022

.........................................
Mr J Shakoori
Director

 

Jagster Limited

Notes to the Unaudited Financial Statements for the Period from 19 April 2021 to 30 April 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:
1 Blatchington Road
Hove
East Sussex
BN3 3YP
United Kingdom

These financial statements were authorised for issue by the director on 16 November 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 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 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Jagster Limited

Notes to the Unaudited Financial Statements for the Period from 19 April 2021 to 30 April 2022

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

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

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for 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. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Jagster Limited

Notes to the Unaudited Financial Statements for the Period from 19 April 2021 to 30 April 2022

Share based payments

The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.

The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

3

Staff numbers

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

7,102

7,102

At 30 April 2022

7,102

7,102

Depreciation

Charge for the period

916

916

At 30 April 2022

916

916

Carrying amount

At 30 April 2022

6,186

6,186

 

Jagster Limited

Notes to the Unaudited Financial Statements for the Period from 19 April 2021 to 30 April 2022

5

Debtors

Current

2022
£

Trade debtors

3,799

Other debtors

1,381

 

5,180

6

Creditors

Creditors: amounts falling due within one year

2022
£

Due within one year

Taxation and social security

12,702

Accruals and deferred income

1,095

Other creditors

19,317

33,114

7

Share capital

Allotted, called up and fully paid shares

 

2022

 

No.

£

Ordinary shares of £1 each

100

100

     

8

Dividends

   

2022

   

£

Interim dividend of £250.00 per ordinary share

 

25,000