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REGISTERED NUMBER: 04512050 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Jayne Reese Limited

Jayne Reese Limited (Registered number: 04512050)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Jayne Reese Limited

Company Information
for the year ended 31 August 2024







DIRECTOR: P R Nan-Kivell





SECRETARY: MCA Registrars Limited





REGISTERED OFFICE: Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE





REGISTERED NUMBER: 04512050 (England and Wales)





ACCOUNTANTS: ah partnership
Chartered Accountants
Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE

Jayne Reese Limited (Registered number: 04512050)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,354 140
1,354 140

CURRENT ASSETS
Inventories 395,000 425,000
Debtors 6 13,282 3,068
Cash at bank 6,107 8,744
414,389 436,812
CREDITORS
Amounts falling due within one year 7 408,657 353,171
NET CURRENT ASSETS 5,732 83,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,086

83,781

CREDITORS
Amounts falling due after more than one
year

8

(25,255

)

(29,691

)

PROVISIONS FOR LIABILITIES (257 ) (27 )
NET (LIABILITIES)/ASSETS (18,426 ) 54,063

Jayne Reese Limited (Registered number: 04512050)

Statement of Financial Position - continued
31 August 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings (18,527 ) 53,962
SHAREHOLDERS' FUNDS (18,426 ) 54,063

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

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

The director acknowledges his 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 May 2025 and were signed by:





P R Nan-Kivell - Director


Jayne Reese Limited (Registered number: 04512050)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Jayne Reese Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Goodwill
Goodwill is being written off in equal instalments over its estimated economic life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.


Jayne Reese Limited (Registered number: 04512050)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 25,000
AMORTISATION
At 1 September 2023
and 31 August 2024 25,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Jayne Reese Limited (Registered number: 04512050)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 2,868 10,658 13,526
Additions - 1,665 1,665
At 31 August 2024 2,868 12,323 15,191
DEPRECIATION
At 1 September 2023 2,868 10,518 13,386
Charge for year - 451 451
At 31 August 2024 2,868 10,969 13,837
NET BOOK VALUE
At 31 August 2024 - 1,354 1,354
At 31 August 2023 - 140 140

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,825 -
Other debtors 2,457 3,068
13,282 3,068

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,071 5,705
Trade creditors 5,831 17,711
Taxation and social security 17,092 13,155
Other creditors 380,663 316,600
408,657 353,171

Included in other creditors are customer deposits amounting to £113,904 (2023: £85,279).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 25,255 29,691

Jayne Reese Limited (Registered number: 04512050)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

The sole director, Mr P R Nan-Kivell, has given a personal guarantee to the company's bankers in respect of the loan and overdraft facilities. The bank also has a charge over a life policy in the name of the director.

10. RELATED PARTY DISCLOSURES

Included within other creditors are loans made to the business of £40,580 (2023: £40,580) by connected parties.

Other creditors also includes amounts due to the director of £218,806 (2023: £182,957).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P R Nan-Kivell.