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REGISTERED NUMBER:
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JULEX LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2018 |
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REGISTERED NUMBER:
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JULEX LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2018 |
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JULEX LIMITED (REGISTERED NUMBER: 01471438) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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JULEX LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
135/137, Station Road, |
Chingford, |
London |
E4 6AG |
JULEX LIMITED (REGISTERED NUMBER: 01471438) |
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BALANCE SHEET |
31ST MARCH 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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JULEX LIMITED (REGISTERED NUMBER: 01471438) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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1. | STATUTORY INFORMATION |
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Julex Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover comprises rental income from the letting of the investment properties. |
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Tangible fixed assets |
Freehold and leasehold land and buildings are investment properties and are stated at cost, which is not in |
accordance with the Financial Reporting Standard for Smaller Entities (effective January 2007), which would |
require the properties to be stated at open market value. This would have resulted in any surplus or deficit on the |
revaluations being transferred to a revaluation reserve net of any deferred tax provision, unless a deficit on an |
individual property was expected to be permanent, when that deficit would be recognised in the profit and loss |
account. |
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The properties are not depreciated, which is not in accordance with the Companies Act. The amount which might |
have been included cannot be separately identified or quantified. |
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The properties are leased out under operating leases. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Operating leases |
Rents receivable from operating leases, where the benefits and risks of ownership remain substantially with the |
lessor, are credited to the profit and loss account as due. Lease premiums receivable are credited to the profit and |
loss account in full in the period they are received. |
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3. | TANGIBLE FIXED ASSETS |
Freehold | Leasehold |
property | property | Totals |
£ | £ | £ |
COST |
At 1st April 2017 |
and 31st March 2018 |
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NET BOOK VALUE |
At 31st March 2018 |
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At 31st March 2017 |
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JULEX LIMITED (REGISTERED NUMBER: 01471438) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2018 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Prepayments |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Corporation tax |
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Directors' current accounts | 90,290 | 90,652 |
Accrued expenses |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The amount owed to the directors at the balance sheet date was £90,290. |
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7. | RELATED PARTY DISCLOSURES |
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The aggregate amount of dividends paid to directors and related parties was £40,000. |
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8. | ULTIMATE CONTROLLING PARTY |
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The company is considered to have no controlling party. |