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REGISTERED NUMBER: 02519071 (England and Wales)















JFA SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






JFA SYSTEMS LIMITED (REGISTERED NUMBER: 02519071)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JFA SYSTEMS LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2024







DIRECTOR: R J J Fatah





SECRETARY: T J Havenhand





REGISTERED OFFICE: Hilden Park House
79 Tonbridge Road
Hildenborough
Kent
TN11 9BH





REGISTERED NUMBER: 02519071 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

JFA SYSTEMS LIMITED (REGISTERED NUMBER: 02519071)

ABRIDGED BALANCE SHEET
31 October 2024

31/10/24 31/10/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,507 13,498

CURRENT ASSETS
Stocks - 16,384
Debtors 193,565 91,549
Cash at bank and in hand 330,381 453,075
523,946 561,008
CREDITORS
Amounts falling due within one year 203,240 125,412
NET CURRENT ASSETS 320,706 435,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,213

449,094

PROVISIONS FOR LIABILITIES 6 1,882 2,338
NET ASSETS 327,331 446,756

CAPITAL AND RESERVES
Called up share capital 225 225
Retained earnings 327,106 446,531
SHAREHOLDERS' FUNDS 327,331 446,756

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

JFA SYSTEMS LIMITED (REGISTERED NUMBER: 02519071)

ABRIDGED BALANCE SHEET - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 June 2025 and were signed by:





R J J Fatah - Director


JFA SYSTEMS LIMITED (REGISTERED NUMBER: 02519071)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2024


1. STATUTORY INFORMATION

JFA Systems 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes in relation to the supply, maintenance and enhancements of travel system provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment, fixtures & fittings - 33% straight line

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


JFA SYSTEMS LIMITED (REGISTERED NUMBER: 02519071)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

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 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 195,161
Additions 5,260
At 31 October 2024 200,421
DEPRECIATION
At 1 November 2023 181,663
Charge for year 10,251
At 31 October 2024 191,914
NET BOOK VALUE
At 31 October 2024 8,507
At 31 October 2023 13,498

JFA SYSTEMS LIMITED (REGISTERED NUMBER: 02519071)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2024


5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/10/24 31/10/23
£    £   
Within one year 16,200 10,260
Between one and five years 29,700 45,900
45,900 56,160

6. PROVISIONS FOR LIABILITIES
31/10/24 31/10/23
£    £   
Deferred tax
Accelerated capital allowances 1,882 2,338

Deferred
tax
£   
Balance at 1 November 2023 2,338
Provided during year (456 )
Balance at 31 October 2024 1,882

7. PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £30,454 (2023: £26,843). Contributions totalling £1,751 (2023: £1,301) were payable to the fund at the year-end and are included in creditors.