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JAALT ENGINEERING LIMITED

Unaudited Financial Statements

for the Year Ended 30th July 2023






JAALT ENGINEERING LIMITED (REGISTERED NUMBER: 05140509)






Contents of the Financial Statements
for the year ended 30th July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAALT ENGINEERING LIMITED

Company Information
for the year ended 30th July 2023







DIRECTORS: L J Carleton
S W Gray





SECRETARY: S W Gray





REGISTERED OFFICE: 1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH





REGISTERED NUMBER: 05140509 (England and Wales)






JAALT ENGINEERING LIMITED (REGISTERED NUMBER: 05140509)

Balance Sheet
30th July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,434 13,846

CURRENT ASSETS
Debtors 5 38,651 101,770
Cash at bank and in hand 15,113 29,252
53,764 131,022
CREDITORS
Amounts falling due within one year 6 48,546 75,073
NET CURRENT ASSETS 5,218 55,949
TOTAL ASSETS LESS CURRENT LIABILITIES 15,652 69,795

CREDITORS
Amounts falling due after more than one
year

7

-

(3,346

)

PROVISIONS FOR LIABILITIES - (33,288 )
NET ASSETS 15,652 33,161

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 15,650 33,159
SHAREHOLDERS' FUNDS 15,652 33,161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

JAALT ENGINEERING LIMITED (REGISTERED NUMBER: 05140509)

Balance Sheet - continued
30th July 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 Board of Directors and authorised for issue on 30th July 2024 and were signed on its behalf by:





L J Carleton - Director


JAALT ENGINEERING LIMITED (REGISTERED NUMBER: 05140509)

Notes to the Financial Statements
for the year ended 30th July 2023

1. STATUTORY INFORMATION

Jaalt 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on cost

Financial instruments
Debtors, creditors and director loans (being repayable on demand) are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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.

JAALT ENGINEERING LIMITED (REGISTERED NUMBER: 05140509)

Notes to the Financial Statements - continued
for the year ended 30th July 2023

2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31st July 2022
and 30th July 2023 8,468 1,207 48,347 1,294 59,316
DEPRECIATION
At 31st July 2022 7,837 1,024 35,434 1,175 45,470
Charge for year 126 36 3,229 21 3,412
At 30th July 2023 7,963 1,060 38,663 1,196 48,882
NET BOOK VALUE
At 30th July 2023 505 147 9,684 98 10,434
At 30th July 2022 631 183 12,913 119 13,846

JAALT ENGINEERING LIMITED (REGISTERED NUMBER: 05140509)

Notes to the Financial Statements - continued
for the year ended 30th July 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 31st July 2022 39,907
Transfer to ownership (18,999 )
At 30th July 2023 20,908
DEPRECIATION
At 31st July 2022 19,797
Charge for year 1,654
Transfer to ownership (5,505 )
At 30th July 2023 15,946
NET BOOK VALUE
At 30th July 2023 4,962
At 30th July 2022 20,110

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,743 93,312
Provision For Doubtful Debts (15,477 ) (14,940 )
Directors' current accounts 15,246 22,509
VAT 1,139 889
38,651 101,770

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,346 7,271
Trade creditors 1,671 20,583
Tax 38,448 45,959
Accrued expenses 5,081 1,260
48,546 75,073

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 3,346

JAALT ENGINEERING LIMITED (REGISTERED NUMBER: 05140509)

Notes to the Financial Statements - continued
for the year ended 30th July 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th July 2023 and 30th July 2022:

2023 2022
£    £   
L J Carleton
Balance outstanding at start of year 13,318 11,000
Amounts advanced 9,990 13,318
Amounts repaid (13,318 ) (11,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,990 13,318

S W Gray
Balance outstanding at start of year 9,191 7,084
Amounts advanced 5,256 9,191
Amounts repaid (9,191 ) (7,084 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,256 9,191

The above loans are interest free and repayable on demand.