Company Registration No. 06331732 (England and Wales)
Jalico Limited
Unaudited accounts
for the year ended 31 July 2020
Jalico Limited
Unaudited accounts
Contents
Jalico Limited
Company Information
for the year ended 31 July 2020
Company Number
06331732 (England and Wales)
Registered Office
STUDIO 6
BRIDGER WAY
CROWBOROUGH
EAST SUSSEX
TN6 2XE
Accountants
Rustrick Accountants Limited
3 Greystones Road
Bearsted
Maidstone
Kent
ME15 8PD
Jalico Limited
Statement of financial position
as at
31 July 2020
Tangible assets
4,716
6,288
Cash at bank and in hand
24,298
53,970
Creditors: amounts falling due within one year
(11,428)
(31,027)
Net current assets
17,286
51,521
Total assets less current liabilities
22,002
57,809
Creditors: amounts falling due after more than one year
(25,000)
-
Provisions for liabilities
Deferred tax
(1,195)
(1,195)
Net (liabilities)/assets
(4,193)
56,614
Called up share capital
10
10
Profit and loss account
(4,203)
56,604
Shareholders' funds
(4,193)
56,614
For the year ending 31 July 2020 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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.
The financial statements were approved by the Board and authorised for issue on 11 December 2020 and were signed on its behalf by
Mrs L Lowrie
Director
Company Registration No. 06331732
Jalico Limited
Notes to the Accounts
for the year ended 31 July 2020
Jalico Limited is a private company, limited by shares, registered in England and Wales, registration number 06331732. The registered office is STUDIO 6, BRIDGER WAY, CROWBOROUGH, EAST SUSSEX, TN6 2XE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Jalico Limited
Notes to the Accounts
for the year ended 31 July 2020
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2019
2,700
35,838
38,538
At 31 July 2020
2,700
35,838
38,538
At 1 August 2019
1,350
30,900
32,250
Charge for the year
335
1,237
1,572
At 31 July 2020
1,685
32,137
33,822
At 31 July 2020
1,015
3,701
4,716
At 31 July 2019
1,350
4,938
6,288
Trade debtors
3,915
28,578
Total debtors less than one year
4,416
28,578
Total debtors
4,416
28,578
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
7,827
15,485
Taxes and social security
-
10,879
Loans from directors
558
363
7
Creditors: amounts falling due after more than one year
2020
2019
8
Share capital
2020
2019
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Jalico Limited
Notes to the Accounts
for the year ended 31 July 2020
The ultimate controlling party is that of the directors, by virtue of their shareholding
10
Average number of employees
During the year the average number of employees was 1 (2019: 2).