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REGISTERED NUMBER: 09640033 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

J Jay Tiling Limited

J Jay Tiling Limited (Registered number: 09640033)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J Jay Tiling Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: J J Jay





REGISTERED OFFICE: 38 Shackleton Drive
Newquay
Cornwall
TR7 3PE





REGISTERED NUMBER: 09640033 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

J Jay Tiling Limited (Registered number: 09640033)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,519 11,395

CURRENT ASSETS
Debtors 5 29,859 23,172
Cash at bank 3,729 2,299
33,588 25,471
CREDITORS
Amounts falling due within one year 6 22,178 20,425
NET CURRENT ASSETS 11,410 5,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,929

16,441

CREDITORS
Amounts falling due after more than one
year

7

(11,631

)

(14,164

)

PROVISIONS FOR LIABILITIES (1,379 ) (2,165 )
NET ASSETS 3,919 112

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,819 12
SHAREHOLDERS' FUNDS 3,919 112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

J Jay Tiling Limited (Registered number: 09640033)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2024 and were signed by:





J J Jay - Director


J Jay Tiling Limited (Registered number: 09640033)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

J Jay Tiling 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. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

J Jay Tiling Limited (Registered number: 09640033)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 33,412
DEPRECIATION
At 1 July 2022 22,017
Charge for year 5,876
At 30 June 2023 27,893
NET BOOK VALUE
At 30 June 2023 5,519
At 30 June 2022 11,395

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 17,994
DEPRECIATION
At 1 July 2022 13,497
Charge for year 4,497
At 30 June 2023 17,994
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 4,497

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 1,600 -
Other debtors 28,259 23,172
29,859 23,172

J Jay Tiling Limited (Registered number: 09640033)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 1,180 3,894
Hire purchase contracts 2,534 2,534
Taxation and social security 17,054 12,617
Other creditors 1,410 1,380
22,178 20,425

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 6,883 6,883
Hire purchase contracts 4,748 7,281
11,631 14,164

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,163 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Hire purchase contracts 7,282 9,815