2023-07-30 2024-07-30 05100908 Five Jays Limited false 05100908 2023-07-30 2024-07-30 05100908 uk-bus:Director1 2023-07-30 2024-07-30 05100908 uk-bus:AuditExempt-NoAccountantsReport 2023-07-30 2024-07-30 05100908 uk-bus:SmallEntities 2023-07-30 2024-07-30 05100908 uk-bus:FullAccounts 2023-07-30 2024-07-30 05100908 uk-bus:PrivateLimitedCompanyLtd 2023-07-30 2024-07-30 05100908 2023-07-30 05100908 2024-07-30 05100908 2023-07-30 xbrli:pure iso4217:GBP 05100908 2022-07-30 2023-07-30
Company Registration Number : 05100908 (England and Wales)
05100908
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-07-30
false
Five Jays Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-07-30
Five Jays Limited
Unaudited filleted financial statements
For 367 days period from 30 July 2023 to 30 July 2024
Five Jays Limited
Contents
For 367 days period from 30 July 2023 to 30 July 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 8


Five Jays Limited
Company Information
For 367 days period from 30 July 2023 to 30 July 2024

Company registration number 05100908 (England and Wales)
Directors Janette Jinks
Stephen Jinks
Company secretary Janette Jinks
Registered office address 1-2 West Place
Falmouth
Cornwall
TR11 3RT
Accountant Kitchen and Brown Accountants Ltd
40 Coinagehall Street
Helston
Cornwall
TR13 8EQ
Five Jays Limited
Statement of Financial Position
For 367 days period from 30 July 2023 to 30 July 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 1 1
Property, plant and equipment 33,267 20,706
33,268 20,707
Current assets
Inventories 26,076 25,693
Debtors 7 4,027 1,480
Cash and cash equivalents 138,974 206,026
169,077 233,199
Current liabilities
Creditors: Amounts falling due within one year 8 (34,265) (60,297)
(34,265) (60,297)
Net current assets/(liabilities) 134,812 172,902
Total assets less current liabilities 168,080 193,609
Non-current liabilities
Provision for liabilities 9 - (4,000)
Net assets/(liabilities) 168,080 189,609
Capital and reserves
Called up share capital 10 100 100
Retained earnings 167,980 189,509
Shareholders' funds 168,080 189,609
For the year ended 30 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 30 July 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 directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 28 March 2025
.............................
Stephen Jinks (Director)
Company registration number: 05100908
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-07-30 30 July 2024
2024 2023
£ £
Fixed Assets 33,268 20,707
Current Assets 169,077 233,199
Creditors: amounts falling due within one year (34,265) (60,297)
Net current assets (liabilities) 134,812 172,902
Total assets less current liabilities 168,080 193,609
Provisions for liabilities 0 (4,000)
Net Assets (liabilities) 168,080 189,609
Capital and Reserves 168,080 189,609
For the year ending 30/07/2024 the company was entitled to exemption 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. For the year ending 30-07-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 28 March 2025 2025-04-01 and signed on behalf of the board,
.............................
Stephen Jinks
Director
Company registration number: 05100908
Five Jays Limited
Notes to the Financial Statements
For 367 days period from 30 July 2023 to 30 July 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales, registered number 05100908. The address of the registered office is 1-2 West Place, Falmouth, Cornwall, TR11 3RT.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound sterling (£) unless stated otherwise.
Turnover
Turnover represents the sale of goods to customers, excluding value added tax.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of an unincorporated business on 1 May 2004, was being amortised evenly over 20 years until it was sold on 6 June 2023. In the opinion of the directors, this represented a prudent estimate of the period over which the company would derive economic benefit from acquiring the business. An additional nominal amount was paid for goodwill to an independent third party on the acquisition of a business on 8 July 2019. As the value is negligible, no amortisation has been applied.
Tangible Fixed Assets and Depreciation
At each reporting date the company reviews the carrying value of its assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. Where the recoverable amount of an asset is less than the carrying amount, an impairment loss is recognised immediately in the Income Statement. Impairment losses are reversed in a subsequent period if, and only if, the reasons for the impairment loss have ceased to apply.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties33% straight line
Commercial Vehicles
Fixtures and Fittings15% reducing balance
Equipment25% reducing balance
Motor Cars
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Leasing and Hire Purchase contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.


The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income and expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Pensions
The company operates defined pension contribution schemes. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
Investments
Investments held as fixed assets are stated at fair value at the balance sheet date.

Investments held in current assets are stated at the lower of cost or net realisable value and are included in other debtors.

(4) Employees
During the period, the average number of employees including director was 10 (2023 : 28).

(5) Intangible fixed assets
Goodwill
£
Cost
As at 30 July 20231
As at 30 July 20241
Amortisation
As at 30 July 2024-
Net book value
As at 30 July 20241
As at 29 July 20231

(6) Tangible fixed assets
Leasehold PropertiesFixtures and FittingsEquipmentTotals
££££
Cost
As at 30 July 2023-37,4578,06745,524
Additions1,74115,99122917,961
Disposals-(255)(2,331)(2,586)
As at 30 July 20241,74153,1935,96560,899
Depreciation
As at 30 July 2023-18,6866,13324,819
For the year3064,1984344,938
Write off on disposals-(143)(1,982)(2,125)
As at 30 July 202430622,7414,58527,632
Net book value
As at 30 July 20241,43530,4521,38033,267
As at 29 July 2023-18,7711,93420,705

(7) Debtors
Amounts falling due within one year
Included in Other debtors are listed investments of £268 (2023: £41).
2024 2023
£ £
Trade debtors 3,388 -
Other debtors 638 1,480
4,027 1,480

(8) Creditors: Amounts falling due within one year
2024 2023
£ £
Trade creditors 22,306 26,884
Other taxes and social security 4,156 7,788
Other creditors 7,803 25,626
34,265 60,298

(9) Provision for liabilities
2024 2023
£ £
Deferred taxation - 4,000
- 4,000

(10) Share capital and reserves
Alloted, called up and fully paid: 2024 2023
£ £
100 (2023 : 100) Ordinary Share of £ 1 each100100
100 100
Retained earnings 2024
£
At 30 July 2023 189,509
Loss of the year (6,528)
Dividends paid (15,000)
At 30 July 2024 167,981
Retained earnings
Called up and fully paid:
Retained earnings 2024
£
At 30 July 2023 189,509
Loss of the year (6,528)
Dividends paid (15,000)
At 30 July 2024 167,981

(11) Related party transactions
During the year, the directors received, from the company, dividends totalling £15,000 (2023: £37,000); remuneration of £18,629
(2023: £17,272) and rent of Nil (2023: £25,500), in respect of the business premises occupied by the company

(12) Directors advances, credit and guarantees
Advance
During the year, the company made aggregate advances of £2,753 (2023 : £8,698) to the directors of the company, which was repaid before the year end. Interest is charged at the official rate, on overdrawn balances in excess of £10,000, giving rise to an interest charge of £0 (2023 : £0).

(13) Other Commitment
At 31 July 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £30,537 (2023: £46,237).