Company Registration No. 03096756 (England and Wales)
Jobsys Limited
Unaudited accounts
for the year ended 31 May 2024
Jobsys Limited
Unaudited accounts
Contents
Jobsys Limited
Company Information
for the year ended 31 May 2024
Company Number
03096756 (England and Wales)
Registered Office
7 Rotherham Road
Coventry
CV6 4FF
United Kingdom
Accountants
Virtue Accounting Limited
53 Warwick Street
Coventry
CV5 6ET
Jobsys Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
18,936
20,054
Creditors: amounts falling due within one year
(36,752)
(60,195)
Net current liabilities
(16,216)
(27,541)
Total assets less current liabilities
79,955
50,458
Creditors: amounts falling due after more than one year
(26,390)
(30,423)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
45,447
19,258
Shareholders' funds
45,547
19,358
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 15 October 2024 and were signed on its behalf by
Mr David Coleman
Director
Company Registration No. 03096756
Jobsys Limited
Notes to the Accounts
for the year ended 31 May 2024
Jobsys Limited is a private company, limited by shares, registered in England and Wales, registration number 03096756. The registered office is 7 Rotherham Road, Coventry, CV6 4FF, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
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.
Investments in Open Ended Investment Company (OEIC) and Authorised Unit Trusts are included at fair value.
Included in retained earnings are gains of £42,201 (2023: £3,062 gain) in respect of current asset investments which are not available for distribution as they are unrealised.
Jobsys Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Total
5
Deferred taxation
2024
2023
Accelerated capital allowances
-
95
Other deferred taxation
8,018
582
Provision at start of year
677
(883)
Charged to the profit and loss account
7,341
1,560
Provision at end of year
8,018
677
6
Operating lease commitments
2024
2023
At 31 May 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
37,680
33,816
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made to, directors in respect of expenses, remuneration and dividends.
At the reporting date the amount owed by the company to Mr D Coleman was £27,224, a movement of £19,506 from the £46,730 owed by the company at the beginning of the period.
Interest has not been charged on these balances and no guarantees have been provided by either the company or the directors.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).