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COMPANY REGISTRATION NUMBER: 11085320
Jigsaw Assets Limited
Filleted Unaudited Financial Statements
30 November 2023
Jigsaw Assets Limited
Financial Statements
Year ended 30 November 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Jigsaw Assets Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
4,485
2,076
Current assets
Debtors
6
11,030
14,343
Cash at bank and in hand
7,254
16,253
--------
--------
18,284
30,596
Creditors: amounts falling due within one year
7
14,059
11,693
--------
--------
Net current assets
4,225
18,903
-------
--------
Total assets less current liabilities
8,710
20,979
-------
--------
Net assets
8,710
20,979
-------
--------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
8,610
20,879
-------
--------
Shareholders funds
8,710
20,979
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Jigsaw Assets Limited
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 6 August 2024 , and are signed on behalf of the board by:
R E McGarry
Director
Company registration number: 11085320
Jigsaw Assets Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33 % straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 December 2022
5,046
Additions
4,135
-------
At 30 November 2023
9,181
-------
Depreciation
At 1 December 2022
2,970
Charge for the year
1,726
-------
At 30 November 2023
4,696
-------
Carrying amount
At 30 November 2023
4,485
-------
At 30 November 2022
2,076
-------
6. Debtors
2023
2022
£
£
Prepayments and accrued income
153
Amounts owed by related company
7,380
7,380
Other debtors
3,497
6,963
--------
--------
11,030
14,343
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,500
1,550
Director loan accounts
12,559
10,143
--------
--------
14,059
11,693
--------
--------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
9. Related party transactions
At the year end, the company owed its director £12,559 (2022 - £10,143) which is shown amongst creditors. At the year end, the company is owed £7,380 by a related party (2022 - £7,380) which is shown amongst debtors.