Company Registration No. 04425749 (England and Wales)
JFT Specialised Works Limited
Unaudited accounts
for the year ended 31 July 2019
JFT Specialised Works Limited
Unaudited accounts
Contents
JFT Specialised Works Limited
Company Information
for the year ended 31 July 2019
Directors
J Tomlinson
J Thacker
Company Number
04425749 (England and Wales)
Registered Office
Southbridge House
Southbridge Place
Croydon
CR0 4HA
Accountants
Ronald Yep & Co Limited
Suite 2 Floor 2 Congress House
14 Lyon road
Harrow
Middlesex
HA1 2EN
JFT Specialised Works Limited
Statement of financial position
as at
31 July 2019
Tangible assets
150,712
33,097
Inventories
12,991
19,884
Cash at bank and in hand
153,345
488,714
Creditors: amounts falling due within one year
(142,105)
(119,064)
Net current assets
361,382
622,486
Total assets less current liabilities
512,094
655,583
Creditors: amounts falling due after more than one year
(119,021)
-
Net assets
393,073
655,583
Called up share capital
2
2
Profit and loss account
393,071
655,581
Shareholders' funds
393,073
655,583
For the year ending 31 July 2019 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 26 February 2020.
J Thacker
Director
Company Registration No. 04425749
JFT Specialised Works Limited
Notes to the Accounts
for the year ended 31 July 2019
JFT Specialised Works Limited is a private company, limited by shares, registered in England and Wales, registration number 04425749. The registered office is Southbridge House, Southbridge Place, Croydon, CR0 4HA.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
over 5 years
Fixtures & fittings
over 5 years
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
JFT Specialised Works Limited
Notes to the Accounts
for the year ended 31 July 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2018
5,853
67,127
72,980
Additions
-
140,705
140,705
At 31 July 2019
5,853
207,832
213,685
At 1 August 2018
4,546
35,337
39,883
Charge for the year
436
7,189
7,625
On disposals
-
15,465
15,465
At 31 July 2019
4,982
57,991
62,973
At 31 July 2019
871
149,841
150,712
At 31 July 2018
1,307
31,790
33,097
Finished goods
12,991
19,884
Accrued income and prepayments
250,885
232,952
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
851
(328)
Taxes and social security
70,527
54,931
Other creditors
1,030
763
Loans from directors
38,274
25,362
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
119,021
-
9
Average number of employees
During the year the average number of employees was 2 (2018: 1).