Jaygees Bristol Limited 04849641 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is that of supplying and fitting UPVC windows and doors. Digita Accounts Production Advanced 6.30.9574.0 true 04849641 2022-08-01 2023-07-31 04849641 2023-07-31 04849641 bus:OrdinaryShareClass1 2023-07-31 04849641 core:CurrentFinancialInstruments 2023-07-31 04849641 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 04849641 core:MotorVehicles 2023-07-31 04849641 core:OtherPropertyPlantEquipment 2023-07-31 04849641 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-07-31 04849641 bus:SmallEntities 2022-08-01 2023-07-31 04849641 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 04849641 bus:FullAccounts 2022-08-01 2023-07-31 04849641 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 04849641 bus:RegisteredOffice 2022-08-01 2023-07-31 04849641 bus:HighestPaidDirector 2022-08-01 2023-07-31 04849641 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 04849641 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04849641 core:MotorVehicles 2022-08-01 2023-07-31 04849641 core:OtherPropertyPlantEquipment 2022-08-01 2023-07-31 04849641 core:PlantMachinery 2022-08-01 2023-07-31 04849641 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-08-01 2023-07-31 04849641 countries:AllCountries 2022-08-01 2023-07-31 04849641 2022-07-31 04849641 core:MotorVehicles 2022-07-31 04849641 core:OtherPropertyPlantEquipment 2022-07-31 04849641 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-07-31 04849641 2021-08-01 2022-07-31 04849641 2022-07-31 04849641 bus:OrdinaryShareClass1 2022-07-31 04849641 core:CurrentFinancialInstruments 2022-07-31 04849641 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 04849641 core:MotorVehicles 2022-07-31 04849641 core:OtherPropertyPlantEquipment 2022-07-31 04849641 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-07-31 04849641 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-08-01 2022-07-31 04849641 2021-07-31 04849641 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2021-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04849641

Jaygees Bristol Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Jaygees Bristol Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Jaygees Bristol Limited

Company Information

Director

Mrs W J Rawlins

Registered office

17 Clydesdale Close
Whitchurch
Bristol
BS14 0RN

Accountants

Ross & Partners (Bristol) Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

 

Jaygees Bristol Limited

(Registration number: 04849641)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

9,075

884

Current assets

 

Debtors

4

8,077

247

Cash at bank and in hand

 

98,968

99,500

 

107,045

99,747

Creditors: Amounts falling due within one year

5

(28,901)

(27,082)

Net current assets

 

78,144

72,665

Total assets less current liabilities

 

87,219

73,549

Provisions for liabilities

(1,724)

-

Net assets

 

85,495

73,549

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

85,493

73,547

Shareholders' funds

 

85,495

73,549

For the financial year ending 31 July 2023 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 year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Jaygees Bristol Limited

(Registration number: 04849641)
Balance Sheet as at 31 July 2023

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 26 February 2024
 

.........................................
Mrs W J Rawlins
Director

 

Jaygees Bristol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred 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.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Jaygees Bristol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

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

Motor vehicles

25% reducing balance

Plant and machinery

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Jaygees Bristol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

3

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2022

4,380

931

5,311

Additions

10,700

681

11,381

Disposals

(4,380)

-

(4,380)

At 31 July 2023

10,700

1,612

12,312

Depreciation

At 1 August 2022

4,051

376

4,427

Charge for the year

2,675

186

2,861

Eliminated on disposal

(4,051)

-

(4,051)

At 31 July 2023

2,675

562

3,237

Carrying amount

At 31 July 2023

8,025

1,050

9,075

At 31 July 2022

329

555

884

 

Jaygees Bristol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Debtors

Current

2023
£

2022
£

Trade debtors

7,830

-

Prepayments

247

247

 

8,077

247

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

6,755

6,274

Taxation and social security

8,080

6,562

Accruals and deferred income

1,488

1,474

Other creditors

12,578

12,772

28,901

27,082

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         
 

Jaygees Bristol Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Related party transactions

Loans from related parties

2023

Key management
£

Total
£

At start of period

12,252

12,252

Advanced

10,276

10,276

Repaid

(9,950)

(9,950)

At end of period

12,578

12,578

2022

Key management
£

Total
£

At start of period

6,450

6,450

Advanced

10,642

10,642

Repaid

(4,840)

(4,840)

At end of period

12,252

12,252