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REGISTERED NUMBER: 00980728 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Jaylew (Engineering) Limited

Jaylew (Engineering) Limited (Registered number: 00980728)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jaylew (Engineering) Limited

Company Information
for the Year Ended 28 February 2024







DIRECTOR: A P Fletcher





REGISTERED OFFICE: Unit 12a
Autumn Park
Grantham
NG31 7DD





REGISTERED NUMBER: 00980728 (England and Wales)





ACCOUNTANTS: Appleton Richardson & Co
Forensic Accountants
272 Wilford Lane
Wilford
Nottingham
Nottinghamshire
NG11 7AW

Jaylew (Engineering) Limited (Registered number: 00980728)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 873,301 782,629

CURRENT ASSETS
Stocks 48,045 10,754
Debtors 5 653,548 278,967
Cash at bank 67,962 25,161
769,555 314,882
CREDITORS
Amounts falling due within one year 6 746,181 739,844
NET CURRENT ASSETS/(LIABILITIES) 23,374 (424,962 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

896,675

357,667

CREDITORS
Amounts falling due after more than one
year

7

(371,900

)

(117,462

)

PROVISIONS FOR LIABILITIES (100,546 ) (128,546 )
NET ASSETS 424,229 111,659

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 2,900 2,900
Retained earnings 421,229 108,659
424,229 111,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 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.

Jaylew (Engineering) Limited (Registered number: 00980728)

Balance Sheet - continued
28 February 2024


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 6 April 2024 and were signed by:





A P Fletcher - Director


Jaylew (Engineering) Limited (Registered number: 00980728)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Jaylew (Engineering) 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 15 ) .

Jaylew (Engineering) Limited (Registered number: 00980728)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 159,223 3,475,384 3,634,607
Additions - 14,205 14,205
Disposals - (32,425 ) (32,425 )
At 28 February 2024 159,223 3,457,164 3,616,387
DEPRECIATION
At 1 March 2023 159,223 2,692,755 2,851,978
Charge for year (55,933 ) (25,305 ) (81,238 )
Eliminated on disposal - (27,654 ) (27,654 )
At 28 February 2024 103,290 2,639,796 2,743,086
NET BOOK VALUE
At 28 February 2024 55,933 817,368 873,301
At 28 February 2023 - 782,629 782,629

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 432,265 123,038
Amounts recoverable on contract 188,463 17,048
Other debtors 32,820 138,881
653,548 278,967

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 136,104 250,000
Finance leases - 60,037
Trade creditors 351,898 272,996
Taxation and social security 128,120 78,454
Other creditors 130,059 78,357
746,181 739,844

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans 62,500 62,500
Finance leases 309,400 54,962
371,900 117,462