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Company Registration No. 03096756 (England and Wales)
Jobsys Limited Unaudited accounts for the year ended 31 May 2024
Jobsys Limited Unaudited accounts Contents
Page
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Jobsys Limited Company Information for the year ended 31 May 2024
Director
Mr David Coleman
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
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Jobsys Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
499 
Investments
96,171 
77,500 
96,171 
77,999 
Current assets
Debtors
1,600 
12,600 
Cash at bank and in hand
18,936 
20,054 
20,536 
32,654 
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
Deferred tax
(8,018)
(677)
Net assets
45,547 
19,358 
Capital and reserves
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
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Jobsys Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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
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.
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Jobsys Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2023
3,277 
At 31 May 2024
3,277 
Depreciation
At 1 June 2023
2,778 
Charge for the year
499 
At 31 May 2024
3,277 
Net book value
At 31 May 2024
- 
At 31 May 2023
499 
5
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
- 
95 
Other deferred taxation
8,018 
582 
8,018 
677 
2024 
2023 
£ 
£ 
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 
7
Loans to directors
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).
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