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REGISTERED NUMBER: 05166032 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Jaycode Ltd

Jaycode Ltd (Registered number: 05166032)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Jaycode Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M T O'Connell





REGISTERED OFFICE: Hedgerows
Heronway
Hutton Mount
Brentwood
Essex
CM13 2LX





REGISTERED NUMBER: 05166032 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Jaycode Ltd (Registered number: 05166032)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,654 3,226
Investment property 5 320,000 320,000
322,654 323,226

CURRENT ASSETS
Debtors 6 177,743 176,587
Investments 7 750,000 600,000
Cash at bank 13,975 8,214
941,718 784,801
CREDITORS
Amounts falling due within one year 8 915,929 763,052
NET CURRENT ASSETS 25,789 21,749
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,443

344,975

PROVISIONS FOR LIABILITIES 504 613
NET ASSETS 347,939 344,362

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 347,938 344,361
SHAREHOLDERS' FUNDS 347,939 344,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Jaycode Ltd (Registered number: 05166032)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 22 August 2024 and were signed by:





M T O'Connell - Director


Jaycode Ltd (Registered number: 05166032)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Jaycode 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts in respect of rents charged and services supplied during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

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

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.yearIncome Statement

Deferred tax
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Jaycode Ltd (Registered number: 05166032)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 7,000
Additions 641
At 31 December 2023 7,641
DEPRECIATION
At 1 January 2023 3,774
Charge for year 1,213
At 31 December 2023 4,987
NET BOOK VALUE
At 31 December 2023 2,654
At 31 December 2022 3,226

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 320,000
NET BOOK VALUE
At 31 December 2023 320,000
At 31 December 2022 320,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 320,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 320,000 320,000

Investment property was valued on a fair value basis on 31 December 2023 by M T O'Connell, director of the company .

Jaycode Ltd (Registered number: 05166032)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 26,713 23,900
Other debtors 151,030 152,687
177,743 176,587

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Joint venture 750,000 600,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 14,000 -
Amounts owed to group undertakings 750,000 600,000
Taxation and social security 1,278 3,920
Other creditors 150,651 159,132
915,929 763,052

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

10. OTHER FINANCIAL COMMITMENTS

At 31 December 2023, the company had operating lease commitments over the remaining life of those leases of £830 ( 2022 - £4,148 ).

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
M T O'Connell
Balance outstanding at start of year - 14,243
Amounts repaid - (14,243 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest is charged on the loan at the HMRC approved rate of interest. No terms are attached to the loan.

Jaycode Ltd (Registered number: 05166032)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. PARENT UNDERTAKING

The company is wholly owned by Jaycode Trading Company Ltd.
The registered office and business address of the parent company is the same as Jaycode Ltd.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Jaycode Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jaycode Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Jaycode Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jaycode Ltd and state those matters that we have agreed to state to the director of Jaycode Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jaycode Ltd and its director for our work or for this report.

It is your duty to ensure that Jaycode Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jaycode Ltd. You consider that Jaycode Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jaycode Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


22 August 2024