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REGISTERED NUMBER: 05291382 (England and Wales)












JAS-BARS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






JAS-BARS LTD (REGISTERED NUMBER: 05291382)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JAS-BARS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs J R Llewellyn





SECRETARY: Mrs J E Slater





REGISTERED OFFICE: Black Friars
Little Milford
Haverfordwest
Pembrokeshire
SA62 4ET





REGISTERED NUMBER: 05291382 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB

JAS-BARS LTD (REGISTERED NUMBER: 05291382)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214,810 214,085

CURRENT ASSETS
Stocks 750 750
Debtors 5 25,675 12,941
Investments 6 205,000 160,000
Cash at bank and in hand 101,655 205,470
333,080 379,161
CREDITORS
Amounts falling due within one year 7 74,007 82,255
NET CURRENT ASSETS 259,073 296,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,883

510,991

CREDITORS
Amounts falling due after more than one
year

8

9,524

15,371
NET ASSETS 464,359 495,620

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 464,259 495,520
SHAREHOLDERS' FUNDS 464,359 495,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 16 October 2024 and were signed by:





Mrs J R Llewellyn - Director


JAS-BARS LTD (REGISTERED NUMBER: 05291382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Jas-Bars 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.

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.
Freehold property - 1% on cost
Improvements to property - 2% on cost
Plant and Machinery - 15% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 5 (2023 - 10 ) .

JAS-BARS LTD (REGISTERED NUMBER: 05291382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property Machinery Totals
£    £    £    £   
COST
At 1 April 2023 150,000 90,259 61,862 302,121
Additions - 5,148 2,768 7,916
At 31 March 2024 150,000 95,407 64,630 310,037
DEPRECIATION
At 1 April 2023 27,000 21,660 39,376 88,036
Charge for year 1,500 1,908 3,783 7,191
At 31 March 2024 28,500 23,568 43,159 95,227
NET BOOK VALUE
At 31 March 2024 121,500 71,839 21,471 214,810
At 31 March 2023 123,000 68,599 22,486 214,085

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 25,675 12,941

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 205,000 160,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,969 5,815
Trade creditors 2,792 3,177
Taxation and social security 1,042 -
Other creditors 64,204 73,263
74,007 82,255

Included in other creditors is a directors loan of £5,362 (2023 £12,468).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,524 15,371

9. RELATED PARTY DISCLOSURES

During the year under review the company traded with Haverfordwest Coin Machines which is controlled by family members of Mrs J R Llewellyn, a director. Haverfordwest Coin Machines provided machine rental to Jas-Bars Limited, all transactions were carried out at fair market vale and there were no amounts outstanding at the year end.

10. ULTIMATE CONTROLLING PARTY

During the year under review the company was controlled by Mrs J R Llewellyn, by virtue of her 100% holding of the issued share capital.