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REGISTERED NUMBER: 07482796 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JAYANTHI & CO LIMITED

JAYANTHI & CO LIMITED (REGISTERED NUMBER: 07482796)






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 Certified Accountants' Report 7

JAYANTHI & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: N V G Jayanthi
Mrs A Jayanthi





SECRETARY: Mrs A Jayanthi





REGISTERED OFFICE: 12 Coppins Close
Chelmsford
CM2 6AY





REGISTERED NUMBER: 07482796 (England and Wales)





ACCOUNTANTS: Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD

JAYANTHI & CO LIMITED (REGISTERED NUMBER: 07482796)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,108 104,451
Investments 5 70,474 25,500
107,582 129,951

CURRENT ASSETS
Debtors 6 28,891 66,858
Cash at bank 340,329 259,806
369,220 326,664
CREDITORS
Amounts falling due within one year 7 33,559 51,958
NET CURRENT ASSETS 335,661 274,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,243

404,657

CREDITORS
Amounts falling due after more than
one year

8

36,808

39,653
NET ASSETS 406,435 365,004

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 406,335 364,904
SHAREHOLDERS' FUNDS 406,435 365,004

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 directors acknowledge their 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.

JAYANTHI & CO LIMITED (REGISTERED NUMBER: 07482796)

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 Board of Directors and authorised for issue on 31 May 2024 and were signed on its behalf by:




N V G Jayanthi - Director



Mrs A Jayanthi - Director


JAYANTHI & CO LIMITED (REGISTERED NUMBER: 07482796)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Jayanthi & Co Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

JAYANTHI & CO LIMITED (REGISTERED NUMBER: 07482796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 57,390 114,793 - 172,183
Additions - - 9,446 9,446
Disposals (47,500 ) - - (47,500 )
At 31 December 2023 9,890 114,793 9,446 134,129
DEPRECIATION
At 1 January 2023 12,416 55,316 - 67,732
Charge for year - 28,698 3,117 31,815
Eliminated on disposal (2,526 ) - - (2,526 )
At 31 December 2023 9,890 84,014 3,117 97,021
NET BOOK VALUE
At 31 December 2023 - 30,779 6,329 37,108
At 31 December 2022 44,974 59,477 - 104,451

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 25,500
Additions 47,500
Impairments (2,526 )
At 31 December 2023 70,474
NET BOOK VALUE
At 31 December 2023 70,474
At 31 December 2022 25,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,000 43,194
Other debtors 8,891 23,664
28,891 66,858

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 22,128
Taxation and social security 32,359 28,390
Other creditors 1,200 1,440
33,559 51,958

JAYANTHI & CO LIMITED (REGISTERED NUMBER: 07482796)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 36,808 39,653

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 December 2023, an amount of £213 (2022 £23,664) was due from the directors, which is included within debtors on the balance sheet.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N V G Jayanthi & A Jayanthi.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JAYANTHI & CO LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors 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 Jayanthi & Co Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Jayanthi & Co Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jayanthi & Co Limited and state those matters that we have agreed to state to the Board of Directors of Jayanthi & Co Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jayanthi & Co Limited 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 Jayanthi & Co Limited. You consider that Jayanthi & Co Limited 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 Jayanthi & Co Limited. 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.






Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD


31 May 2024