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REGISTERED NUMBER: 08490588 (England and Wales)















JAVELINAS GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






JAVELINAS GROUP LTD (REGISTERED NUMBER: 08490588)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAVELINAS GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs D S Reese
Mr C R Reese





REGISTERED OFFICE: 15 High Street
Brackley
Northamptonshire
NN13 7DH





REGISTERED NUMBER: 08490588 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

JAVELINAS GROUP LTD (REGISTERED NUMBER: 08490588)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,308 57,341
Investments 5 75 75
50,383 57,416

CURRENT ASSETS
Debtors 6 339,235 254,297
Cash at bank 50,231 103,079
389,466 357,376
CREDITORS
Amounts falling due within one year 7 212,323 124,896
NET CURRENT ASSETS 177,143 232,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,526

289,896

CREDITORS
Amounts falling due after more than one year 8 227,068 289,396
NET ASSETS 458 500

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 358 400
SHAREHOLDERS' FUNDS 458 500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

JAVELINAS GROUP LTD (REGISTERED NUMBER: 08490588)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:





Mrs D S Reese - Director


JAVELINAS GROUP LTD (REGISTERED NUMBER: 08490588)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Javelinas Group Ltd 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 rounded to the nearest 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.

Turnover
Turnover represents invoiced sales for services excluding VAT due to the company reverting to the standard VAT scheme.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of the lease
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Office & Computer equipment - 15% on cost

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 taxation
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.

JAVELINAS GROUP LTD (REGISTERED NUMBER: 08490588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the profit and loss account in the other administrative expenses

Revenue recognition
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023
and 31 March 2024 24,799 6,586 2,588
DEPRECIATION
At 1 April 2023 - 1,317 1,502
Charge for year - 1,053 217
At 31 March 2024 - 2,370 1,719
NET BOOK VALUE
At 31 March 2024 24,799 4,216 869
At 31 March 2023 24,799 5,269 1,086

JAVELINAS GROUP LTD (REGISTERED NUMBER: 08490588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Office &
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 21,893 12,147 68,013
DEPRECIATION
At 1 April 2023 2,189 5,664 10,672
Charge for year 3,941 1,822 7,033
At 31 March 2024 6,130 7,486 17,705
NET BOOK VALUE
At 31 March 2024 15,763 4,661 50,308
At 31 March 2023 19,704 6,483 57,341

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 75
NET BOOK VALUE
At 31 March 2024 75
At 31 March 2023 75

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,585 49,217
Amounts recoverable on contract 100,183 40,074
Other debtors 105,892 94,437
Directors' current accounts 69,472 70,569
Prepayments and accrued income 103 -
339,235 254,297

JAVELINAS GROUP LTD (REGISTERED NUMBER: 08490588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 61,439 64,380
Hire purchase contracts 3,627 2,969
Trade creditors 19,200 40,320
Tax 68,743 8,702
Social security and other taxes - 1,609
VAT 17,963 1,290
Other creditors 31,073 234
Accruals and deferred income 10,278 5,392
212,323 124,896

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - More than 1 Year 213,913 272,614
Hire purchase contracts 13,155 16,782
227,068 289,396

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs D S Reese and Mrs D S Reese
Balance outstanding at start of year 70,569 (520 )
Amounts advanced 204,500 71,089
Amounts repaid (205,597 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,472 70,569

As at 31 March 2024 the joint directors loan account was overdrawn by £69,472 (2022 - £70,569). The company has charged interest on the loan at 2.25% .

10. RELATED PARTY DISCLOSURES

At at 31 March 2024, South Lakes Motorcycles Limited owed the company £69,282.00 (£69,282 - 2023). There are no repayment terms agreed with South Lakes Motorcycles Limited on this basis it is considered a payable on demand debt.