Company Registration No. 08533652 (England and Wales)
Jayz Ltd
Unaudited accounts
for the year ended 31 May 2024
Jayz Ltd
Unaudited accounts
Contents
Jayz Ltd
Company Information
for the year ended 31 May 2024
Company Number
08533652 (England and Wales)
Registered Office
1-2 Langley High Street
Oldbury
B69 4SN
England
Jayz Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
3,955
5,739
Cash at bank and in hand
451
351
Creditors: amounts falling due within one year
(3,700)
(4,668)
Net current liabilities
(3,249)
(4,317)
Total assets less current liabilities
706
1,422
Provisions for liabilities
Net (liabilities)/assets
(45)
332
Called up share capital
100
100
Profit and loss account
(145)
232
Shareholders' funds
(45)
332
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 August 2024 and were signed on its behalf by
Abdul Jabed Khan
Director
Company Registration No. 08533652
Jayz Ltd
Notes to the Accounts
for the year ended 31 May 2024
Jayz Ltd is a private company, limited by shares, registered in England and Wales, registration number 08533652. The registered office is 1-2 Langley High Street, , Oldbury, B69 4SN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2023
5,465
10,360
15,825
At 31 May 2024
5,465
10,360
15,825
At 1 June 2023
3,347
6,739
10,086
Charge for the year
1,060
724
1,784
At 31 May 2024
4,407
7,463
11,870
At 31 May 2024
1,058
2,897
3,955
At 31 May 2023
2,118
3,621
5,739
Jayz Ltd
Notes to the Accounts
for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
708
Taxes and social security
1,270
1,723
Other creditors
2,430
2,237
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).