Company Registration No. 06331732 (England and Wales)
Jalico Limited
Unaudited accounts
for the year ended 31 July 2017
Jalico Limited
Unaudited accounts
Contents
Jalico Limited
Company Information
for the year ended 31 July 2017
Directors
Mr J Lowrie
Mrs L Lowrie
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 2017
Tangible assets
8,903
11,871
Cash at bank and in hand
105,533
116,805
Creditors: amounts falling due within one year
(28,223)
(51,854)
Net current assets
159,275
174,615
Total assets less current liabilities
168,178
186,486
Provisions for liabilities
Deferred tax
(2,192)
(2,192)
Net assets
165,986
184,294
Called up share capital
10
1
Profit and loss account
165,976
184,293
Shareholders' funds
165,986
184,294
For the year ending 31 July 2017 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 directors acknowledge their 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.
Approved by the Board on 13 April 2018.
Mr J Lowrie
Director
Company Registration No. 06331732
Jalico Limited
Notes to the Accounts
for the year ended 31 July 2017
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.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 2017
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2016
8,000
32,588
40,588
At 31 July 2017
8,000
32,588
40,588
At 1 August 2016
3,500
25,217
28,717
Charge for the year
1,125
1,843
2,968
At 31 July 2017
4,625
27,060
31,685
At 31 July 2017
3,375
5,528
8,903
At 31 July 2016
4,500
7,371
11,871
Trade debtors
30,965
62,482
Other debtors
51,000
47,182
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
-
698
Trade creditors
14,343
14,823
Taxes and social security
13,880
26,713
7
Share capital
2017
2016
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
1
Shares issued during the period:
9 Ordinary shares of £1 each
9
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan from company
47,182
82,420
78,602
51,000
47,182
82,420
78,602
51,000
Jalico Limited
Notes to the Accounts
for the year ended 31 July 2017
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 2 (2016: 2).