Registered number
00955198
J. Jewell Limited
Unaudited Filleted Accounts
31 March 2024
J. Jewell Limited
Registered number: 00955198
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 35,627 35,632
Current assets
Debtors 4 20,831 24,770
Cash at bank and in hand 21,020 24,819
41,851 49,589
Creditors: amounts falling due within one year 5 (64,314) (79,060)
Net current liabilities (22,463) (29,471)
Net assets 13,164 6,161
Capital and reserves
Called up share capital 4,000 4,000
Profit and loss account 9,164 2,161
Shareholders' funds 13,164 6,161
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C A Jewell
Director
Approved by the board on 23 August 2024
J. Jewell Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 35,604 1,155 36,759
At 31 March 2024 35,604 1,155 36,759
Depreciation
At 1 April 2023 - 1,127 1,127
Charge for the year - 5 5
At 31 March 2024 - 1,132 1,132
Net book value
At 31 March 2024 35,604 23 35,627
At 31 March 2023 35,604 28 35,632
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 10,000 10,000
Director's loans - 3,939
Other debtors 10,831 10,831
20,831 24,770
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 60,187
Taxation and social security costs 2,026 2,646
Other creditors 62,288 16,227
64,314 79,060
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs P A Wass
Advances repayable on demand 3,939 - (3,939) -
3,939 - (3,939) -
7 Other information
J. Jewell Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hopkin, The Heath
Lavenham Road
Great Waldingfield
Suffolk
CO10 0SA
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