JTS DESIGNS LTD

Company Registration Number:
11881553 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

JTS DESIGNS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

JTS DESIGNS LTD

Company Information

for the Period Ended 31 March 2023




Director: J T Smith
Registered office: 59
Cranmore Road
Chislehurst
GBR
BR7 6ER
Company Registration Number: 11881553 (England and Wales)

JTS DESIGNS LTD

Directors' Report Period Ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal Activities

The principal activity of the company in the period under review continues to be that of providing drawing design services.

Political and charitable donations

During the year the company did not make any political or charitable contributions.

Directors

The directors shown below have held office during the whole of the period from 01 April 2022 to 31 March 2023
J T Smith

This report was approved by the board of directors on 13 November 2023
And Signed On Behalf Of The Board By:

Name: J T Smith
Status: Director

JTS DESIGNS LTD

Profit and Loss Account

for the Period Ended 31 March 2023


Notes

2023
£

2022
£
Turnover 21,655 50,872
Cost of sales ( 2,940 ) ( 7,116 )
Gross Profit or (Loss) 18,715 43,756
Administrative Expenses ( 10,220 ) ( 17,900 )
Operating Profit or (Loss) 8,495 25,856
Interest Receivable and Similar Income 4 6
Profit or (Loss) Before Tax 8,499 25,862
Tax on Profit ( 1,719 ) ( 5,073 )
Profit or (Loss) for Period 6,780 20,789

The notes form part of these financial statements

JTS DESIGNS LTD

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 5 1,225 1,470
Total fixed assets: 1,225 1,470
Current assets
Debtors: 6 0 1,200
Cash at bank and in hand: 1,192 4,868
Total current assets: 1,192 6,068
Creditors: amounts falling due within one year: 7 ( 2,413 ) ( 5,739 )
Net current assets (liabilities): ( 1,221 ) 329
Total assets less current liabilities: 4 1,799
Total net assets (liabilities): 4 1,799

The notes form part of these financial statements

JTS DESIGNS LTD

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3 1,798
Shareholders funds: 4 1,799

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 13 November 2023
And Signed On Behalf Of The Board By:

Name: J T Smith
Status: Director

The notes form part of these financial statements

JTS DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    The accounts have been prepared under the historical cost convention.

    Turnover policy

    Turnover represents net invoiced sales of services, excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Fixtures, fittings and equipment :- 25% on reducing balance.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed when circumstances indicate that the carrying value of an asset may not be fully recoverable.

JTS DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

JTS DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

JTS DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Dividends


2023
£

2022
£
Dividends paid 8,575 19,000

JTS DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 April 2022 2,900 2,900
Additions 162 162
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2023 3,062 3,062
Depreciation
At 01 April 2022 1,430 1,430
Charge for year 407 407
On disposals - -
Other adjustments - -
At 31 March 2023 1,837 1,837
Net book value
At 31 March 2023 1,225 1,225
At 31 March 2022 1,470 1,470

JTS DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Debtors


2023
£

2022
£
Trade debtors 0 1,200
Total 0 1,200

JTS DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 526 512
Taxation and social security 1,719 5,073
Other creditors 168 154
Total 2,413 5,739

JTS DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 8. Financial Commitments

    There were no capital commitments either contracted for or authorised by the director but not contracted for at 31 March 2023 (2022: £nil).

JTS DESIGNS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 9. Post balance sheet events

    There were no significant post balance sheet events.