Company Registration No. 13009822 (England and Wales)
TWO JAYS GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
TWO JAYS GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TWO JAYS GROUP LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
- 1 -
31 October 2023
31 March 2023
Notes
£
£
£
£
Fixed assets
Investments
3
-
0
4,020
Current assets
Debtors
4
40,773
13,360
Cash at bank and in hand
728,520
512,671
769,293
526,031
Creditors: amounts falling due within one year
5
(1,517)
(13,993)
Net current assets
767,776
512,038
Net assets
767,776
516,058
Capital and reserves
Called up share capital
4,020
4,020
Profit and loss reserves
763,756
512,038
Total equity
767,776
516,058

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 21 November 2023 and are signed on its behalf by:
Mr J Cunnison
Director
Company Registration No. 13009822
TWO JAYS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
- 2 -
1
Accounting policies
Company information

Two Jays Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 The Green, Rowlands Castle, Hants, PO9 6BN.

1.1
Reporting period

[ FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. ]

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

TWO JAYS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2023
1
Accounting policies
(Continued)
- 3 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2023
2023
Number
Number
Total
5
4
3
Fixed asset investments
2023
2023
£
£
Shares in group undertakings and participating interests
-
0
4,020
4
Debtors
2023
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
13,360
Other debtors
40,773
-
0
40,773
13,360
TWO JAYS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2023
£
£
Trade creditors
-
0
600
Taxation and social security
1,517
11,599
Other creditors
-
0
1,794
1,517
13,993
2023-10-312023-04-01false21 November 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMr J CunnisonMr J Thomas130098222023-04-012023-10-31130098222023-10-31130098222023-03-3113009822core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3113009822core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3113009822core:CurrentFinancialInstruments2023-10-3113009822core:CurrentFinancialInstruments2023-03-3113009822core:ShareCapital2023-10-3113009822core:ShareCapital2023-03-3113009822core:RetainedEarningsAccumulatedLosses2023-10-3113009822core:RetainedEarningsAccumulatedLosses2023-03-3113009822bus:Director12023-04-012023-10-31130098222022-04-012023-03-3113009822core:WithinOneYear2023-10-3113009822core:WithinOneYear2023-03-3113009822bus:PrivateLimitedCompanyLtd2023-04-012023-10-3113009822bus:SmallCompaniesRegimeForAccounts2023-04-012023-10-3113009822bus:FRS1022023-04-012023-10-3113009822bus:AuditExemptWithAccountantsReport2023-04-012023-10-3113009822bus:Director22023-04-012023-10-3113009822bus:FullAccounts2023-04-012023-10-31xbrli:purexbrli:sharesiso4217:GBP