Registration number:
JL Engineering London Limited
for the Year Ended 31 December 2019
JL Engineering London Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
JL Engineering London Limited
Company Information
Directors |
Mr J R W S Lloyd Mr D J West |
Company secretary |
Mrs D T West |
Registered office |
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Accountants |
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JL Engineering London Limited
(Registration number: 07409465)
Balance Sheet as at 31 December 2019
Note |
2019 |
2018 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
150 |
150 |
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Profit and loss account |
15,872 |
20,576 |
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Total equity |
16,022 |
20,726 |
For the financial year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
Director
JL Engineering London Limited
Notes to the Financial Statements for the Year Ended 31 December 2019
General information |
The company is a private company limited by share capital, incorporated in England & Wales. The company's registered office address can be found on the Company Information page.
The principal place of business is:
Britannia House, 26-28 Central Ave
Molesey
West Molesey
KT8 2QT
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
We have paid particular attention to the likely effects on the business of the current Covid-19 outbreak and the directors remain confident that sufficient funding is in place and that the company has adequate resources to enable the company to continue as a going concern for the foreseeable future.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
JL Engineering London Limited
Notes to the Financial Statements for the Year Ended 31 December 2019
2 |
Accounting policies (continued) |
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture, fittings and equipment |
25% on reducing balance |
Website |
33% on cost |
Motor vehicles |
25% straight line |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
JL Engineering London Limited
Notes to the Financial Statements for the Year Ended 31 December 2019
Tangible assets |
Furniture, fittings and equipment |
Motor vehicles |
Website |
Total |
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Cost or valuation |
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At 1 January 2019 |
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Additions |
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- |
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At 31 December 2019 |
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Depreciation |
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At 1 January 2019 |
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Charge for the year |
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At 31 December 2019 |
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Carrying amount |
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At 31 December 2019 |
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At 31 December 2018 |
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- |
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Stocks |
2019 |
2018 |
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Other inventories |
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Debtors |
2019 |
2018 |
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Trade debtors |
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Other debtors |
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Corporation tax recoverable |
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- |
Total current trade and other debtors |
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JL Engineering London Limited
Notes to the Financial Statements for the Year Ended 31 December 2019
Creditors |
Note |
2019 |
2018 |
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Due within one year |
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Trade creditors |
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Director's current account |
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Other creditors |
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- |
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Accruals |
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Corporation tax |
- |
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Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
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No. |
£ |
No. |
£ |
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150 |
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150 |
JL Engineering London Limited
Notes to the Financial Statements for the Year Ended 31 December 2019
Related party transactions |
Expenditure with and payables to related parties
2019 |
Key management |
Amounts payable to related party |
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2018 |
Key management |
Amounts payable to related party |
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Loans to related parties
2019 |
Key management |
Total |
At start of period |
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Advanced |
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At end of period |
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2018 |
Key management |
Total |
At start of period |
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Terms of loans to related parties