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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 30 April 2018 |
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J R E TRADING LTD |
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REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 30 April 2018 |
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for |
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J R E TRADING LTD |
J R E TRADING LTD (REGISTERED NUMBER: 03558355) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2018 |
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Page |
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Company Information | 1 |
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Report of the Directors | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 4 |
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J R E TRADING LTD |
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Company Information |
for the Year Ended 30 April 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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14 Broadway |
Rainham |
Essex |
RM13 9YW |
J R E TRADING LTD (REGISTERED NUMBER: 03558355) |
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Report of the Directors |
for the Year Ended 30 April 2018 |
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The directors present their report with the financial statements of the company for the year ended 30 April 2018. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 May 2017 to the date of this report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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J R E TRADING LTD (REGISTERED NUMBER: 03558355) |
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Balance Sheet |
30 April 2018 |
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30.4.18 | 30.4.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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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 |
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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 Profit and Loss Account and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
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J R E TRADING LTD (REGISTERED NUMBER: 03558355) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2018 |
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1. | STATUTORY INFORMATION |
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J R E Trading Ltd 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 represents fees receivable from services and materials provided, net of value added tax and is |
recognised when he company obtains the right to the consideration. |
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Tangible fixed assets |
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Furniture & equipment | - |
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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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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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Going concern |
Following a downturn in orders received, the company remains dependent on the continued support of the |
directors. It is unclear whether future orders will be won, but the directors offer their continued support in the |
hope that future profits can be achieved. |
Due to the uncertainty of orders, the directors assessment covers a period of less than one year from the date of |
approval of financial statements. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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J R E TRADING LTD (REGISTERED NUMBER: 03558355) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 May 2017 |
and 30 April 2018 |
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DEPRECIATION |
At 1 May 2017 |
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Charge for year |
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At 30 April 2018 |
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NET BOOK VALUE |
At 30 April 2018 |
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At 30 April 2017 |
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5. | DEBTORS |
30.4.18 | 30.4.17 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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Deferred tax asset |
30.4.18 | 30.4.17 |
£ | £ |
Accelerated Capital Allowances | (5 | ) | (8 | ) |
Tax loss | 11,585 | 10,028 |
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Due to the uncertainty of future orders it is not anticipated that the loss will be utilised within 12months. |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
£ | £ |
Other creditors |
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J R E TRADING LTD (REGISTERED NUMBER: 03558355) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
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7. | DEFERRED TAX |
£ |
Balance at 1 May 2017 | ( |
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Provided during year | ( |
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Utilised during year | ( |
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Balance at 30 April 2018 | ( |
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The net asset provided for under deferred tax represents tax on accelerated capital allowances, together with |
unrelieved losses to be set against future profits. |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.18 | 30.4.17 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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