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REGISTERED NUMBER: 06718958 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

JAG Reward Solutions Limited

JAG Reward Solutions Limited (Registered number: 06718958)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JAG Reward Solutions Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mrs J A Dagger





REGISTERED OFFICE: 12 Prince Charles Avenue
Walderslade
Chatham
Kent
ME5 8EX





REGISTERED NUMBER: 06718958 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

JAG Reward Solutions Limited (Registered number: 06718958)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,170 6,209

CURRENT ASSETS
Debtors 5 131,562 14,526
Cash at bank 108,539 219,780
240,101 234,306
CREDITORS
Amounts falling due within one year 6 29,078 38,881
NET CURRENT ASSETS 211,023 195,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,193

201,634

PROVISIONS FOR LIABILITIES 7 1,362 1,218
NET ASSETS 216,831 200,416

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 216,821 200,406
SHAREHOLDERS' FUNDS 216,831 200,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 18 July 2024 and were signed by:




Mrs J A Dagger - Director


JAG Reward Solutions Limited (Registered number: 06718958)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

JAG Reward Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the rendering of reward consultancy services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 15% on reducing balance and 10% on cost

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

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

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 2 (2022 - 2 ) .

JAG Reward Solutions Limited (Registered number: 06718958)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 33,780
Additions 5,913
At 31 October 2023 39,693
DEPRECIATION
At 1 November 2022 27,571
Charge for year 4,952
At 31 October 2023 32,523
NET BOOK VALUE
At 31 October 2023 7,170
At 31 October 2022 6,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 131,562 14,526

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 27,455 37,757
Other creditors 1,623 1,124
29,078 38,881

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,362 1,218

Deferred
tax
£   
Balance at 1 November 2022 1,218
Provision charged in year 144
Release of provision
Balance at 31 October 2023 1,362

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J A Dagger.