Company Registration No. 03292083 (England and Wales)
Jatech Limited
Unaudited accounts
for the year ended 31 January 2024
Jatech Limited
Unaudited accounts
Contents
Jatech Limited
Company Information
for the year ended 31 January 2024
Directors
Jeffrey Tyndall
Joshua Nicholson
Company Number
03292083 (England and Wales)
Registered Office
Forge Enterprise Centre
3 Church Road West Huntspill
Highbridge
Somerset
TA9 3RN
Accountants
Poolbridge Accountancy Limited
Forge Enterprise Centre
3 Church Road, West Huntspill
Highbridge
Somerset
TA9 3RN
Jatech Limited
Statement of financial position
as at 31 January 2024
Tangible assets
16,627
14,805
Cash at bank and in hand
(590)
9,390
Creditors: amounts falling due within one year
(64,776)
(49,423)
Net current assets/(liabilities)
23,991
(6,112)
Total assets less current liabilities
40,618
8,693
Provisions for liabilities
Deferred tax
(4,156)
(3,234)
Called up share capital
120
120
Capital redemption reserve
40
40
Profit and loss account
36,302
5,299
Shareholders' funds
36,462
5,459
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by
Jeffrey Tyndall
Director
Company Registration No. 03292083
Jatech Limited
Notes to the Accounts
for the year ended 31 January 2024
Jatech Limited is a private company, limited by shares, registered in England and Wales, registration number 03292083. The registered office is Forge Enterprise Centre, 3 Church Road West Huntspill, Highbridge, Somerset, TA9 3RN.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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% Reducing
Fixtures & fittings
15% Reducing
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Jatech Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
41,740
12,390
54,130
Additions
5,312
1,060
6,372
At 31 January 2024
47,052
12,951
60,003
At 1 February 2023
36,917
2,408
39,325
Charge for the year
2,534
1,592
4,126
At 31 January 2024
39,451
3,925
43,376
At 31 January 2024
7,601
9,026
16,627
At 31 January 2023
4,823
9,982
14,805
Amounts falling due within one year
Trade debtors
85,057
33,054
Accrued income and prepayments
4,150
867
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
52,653
17,300
Other creditors
3,461
2,700
7
Average number of employees
During the year the average number of employees was 4 (2023: 5).