2 2 Jaytrade (UK) Limited 06022884 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Catering equipment suppliers Digita Accounts Production Advanced 6.30.9574.0 true true 06022884 2023-05-01 2024-04-30 06022884 2024-04-30 06022884 bus:OrdinaryShareClass1 2024-04-30 06022884 core:CurrentFinancialInstruments 2024-04-30 06022884 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 06022884 core:Non-currentFinancialInstruments 2024-04-30 06022884 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 06022884 bus:SmallEntities 2023-05-01 2024-04-30 06022884 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06022884 bus:FilletedAccounts 2023-05-01 2024-04-30 06022884 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06022884 bus:RegisteredOffice 2023-05-01 2024-04-30 06022884 bus:Director1 2023-05-01 2024-04-30 06022884 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 06022884 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06022884 bus:Agent1 2023-05-01 2024-04-30 06022884 countries:AllCountries 2023-05-01 2024-04-30 06022884 2022-05-01 2023-04-30 06022884 2023-04-30 06022884 bus:OrdinaryShareClass1 2023-04-30 06022884 core:CurrentFinancialInstruments 2023-04-30 06022884 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 06022884 core:Non-currentFinancialInstruments 2023-04-30 06022884 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 06022884

Jaytrade (UK) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Jaytrade (UK) Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Jaytrade (UK) Limited

Company Information
__________________________________________________________________________

Director

Mr David Crome

Registered office

Units 1-4 Brocks Farm
Twitty Fee
Danbury
Chelmsford
Essex
CM3 4PG


 

Accountants

Brooks Green
Chartered AccountantsAbbey House
342 Regents Park Road
London
N3 2LJ

 

Jaytrade (UK) Limited

(Registration number: 06022884)
Balance Sheet as at 30 April 2024
__________________________________________________________________________

Note

2024
£

2023
£

           

Current assets

   

 

Stocks

3

 

50,953

 

48,142

Debtors

4

 

15,839

 

17,420

Cash at bank and in hand

   

3,104

 

14,061

   

69,896

 

79,623

Creditors: Amounts falling due within one year

5

 

(26,159)

 

(35,012)

Total assets less current liabilities

   

43,737

 

44,611

Creditors: Amounts falling due after more than one year

5

 

(20,660)

 

(30,209)

Net assets

   

23,077

 

14,402

Capital and reserves

   

 

Called up share capital

6

1

 

1

 

Retained earnings

23,076

 

14,401

 

Shareholders' funds

   

23,077

 

14,402

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 January 2025
 

.........................................
Mr David Crome
Director

 

Jaytrade (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Jaytrade (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
__________________________________________________________________________

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

3

Stocks

2024
£

2023
£

Other inventories

50,953

48,142

4

Debtors

 

Jaytrade (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
__________________________________________________________________________

Current

2024
£

2023
£

Trade debtors

12,237

15,144

Other debtors

3,602

2,276

 

15,839

17,420

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

21,189

31,494

Taxation and social security

3,868

2,339

Accruals and deferred income

798

798

Other creditors

304

381

26,159

35,012

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

20,660

30,209

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share capiatl of £1 each

1

1

1

1

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

20,660

30,209