Company Registration No. 06851695 (England and Wales)
Jason Taylor Enterprises Ltd
Unaudited accounts
for the year ended 31 January 2017
Jason Taylor Enterprises Ltd
Unaudited accounts
Contents
Jason Taylor Enterprises Ltd
Company Information
for the year ended 31 January 2017
Director
Mr. Jason Patrick Taylor
Company Number
06851695 (England and Wales)
Registered Office
5 Castle Street
Norwich
Norfolk
NR2 1PB
United Kingdom
Accountants
Together Accounting Limited
De Vere House
90 St Faith's Lane
Norwich
Norfolk
NR1 1NE
Jason Taylor Enterprises Ltd
Accountants' report
Accountants' report to the director of Jason Taylor Enterprises Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Jason Taylor Enterprises Ltd for the year ended
31 January 2017 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Jason Taylor Enterprises Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Jason Taylor Enterprises Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jason Taylor Enterprises Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Jason Taylor Enterprises Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Jason Taylor Enterprises Ltd. You consider that Jason Taylor Enterprises Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Jason Taylor Enterprises Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Together Accounting Limited
De Vere House
90 St Faith's Lane
Norwich
Norfolk
NR1 1NE
5 May 2017
Jason Taylor Enterprises Ltd
Statement of financial position
as at
31 January 2017
Tangible assets
448,753
450,941
Cash at bank and in hand
4,429
(812)
Creditors: amounts falling due within one year
(95,699)
(64,529)
Net current liabilities
(91,270)
(65,341)
Total assets less current liabilities
357,483
385,600
Creditors: amounts falling due after more than one year
(341,948)
(351,063)
Provisions for liabilities
Deferred tax
(2,296)
(1,859)
Called up share capital
1
1
Profit and loss account
13,238
32,677
Shareholders' funds
13,239
32,678
For the year ending 31 January 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 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 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.
Approved by the Board on 5 May 2017.
Mr. Jason Patrick Taylor
Director
Company Registration No. 06851695
Jason Taylor Enterprises Ltd
Statement of Changes in Equity
as at
31 January 2017
Share
capital
Profit
& loss
account
Total
At 1 February 2015
1
31,123
31,124
Profit for the year
1,554
1,554
At 31 January 2016
1
32,677
32,678
At 1 February 2016
1
32,677
32,678
Loss for the year
(19,439)
(19,439)
At 31 January 2017
1
13,238
13,239
Jason Taylor Enterprises Ltd
Notes to the Accounts
for the year ended 31 January 2017
Jason Taylor Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 06851695. The registered office and principal place of business is 5 Castle Street, Norwich, Norfolk, NR2 1PB, United Kingdom.
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 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% - Reducinbg Balance Method
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 assets and liabilities are not discounted.
Jason Taylor Enterprises Ltd
Notes to the Accounts
for the year ended 31 January 2017
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2016
440,000
20,234
460,234
At 31 January 2017
440,000
20,234
460,234
At 1 February 2016
-
9,293
9,293
Charge for the year
-
2,188
2,188
At 31 January 2017
-
11,481
11,481
At 31 January 2017
440,000
8,753
448,753
At 31 January 2016
440,000
10,941
450,941
5
Creditors: amounts falling due within one year
2017
2016
Other taxes and social security costs
(3,952)
1,767
Other creditors
44,566
22,925
Loans from directors
13,254
36,618
6
Creditors: amounts falling due after more than one year
2017
2016
Bank loans
341,948
351,063
7
Share capital
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The Company is controlled by the Director who owns 100% of the called up share capital
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).