Company Registration No. 04425749 (England and Wales)
JFT Specialised Works Limited
Unaudited accounts
for the year ended 31 July 2020
JFT Specialised Works Limited
Unaudited accounts
Contents
JFT Specialised Works Limited
Company Information
for the year ended 31 July 2020
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
Congress House
14 Lyon road
Harrow
Middlesex
HA1 2EN
JFT Specialised Works Limited
Statement of financial position
as at
31 July 2020
Tangible assets
121,891
150,712
Inventories
15,960
12,991
Cash at bank and in hand
93,446
153,345
Creditors: amounts falling due within one year
(97,150)
(142,105)
Net current assets
255,130
361,382
Total assets less current liabilities
377,021
512,094
Creditors: amounts falling due after more than one year
(91,732)
(119,021)
Net assets
285,289
393,073
Called up share capital
2
2
Profit and loss account
285,287
393,071
Shareholders' funds
285,289
393,073
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 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.
The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2021 and were signed on its behalf by
J Thacker
Director
Company Registration No. 04425749
JFT Specialised Works Limited
Notes to the Accounts
for the year ended 31 July 2020
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 2020
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2019
5,853
169,727
175,580
Disposals
-
(29,022)
(29,022)
At 31 July 2020
8,899
140,705
149,604
At 1 August 2019
4,982
19,886
24,868
Charge for the year
979
18,644
19,623
On disposals
-
(16,778)
(16,778)
At 31 July 2020
5,961
21,752
27,713
At 31 July 2020
2,938
118,953
121,891
At 31 July 2019
871
149,841
150,712
Trade debtors
11,481
36,266
Accrued income and prepayments
227,393
250,885
Other debtors
4,000
50,000
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
17,523
70,527
Other creditors
13,647
1,030
Loans from directors
4,515
38,274
7
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
91,732
119,021
The company is controlled by JFT UK Holdings Ltd registered office Southbridge House, Southbridge Place, Croydon, Surrey, United Kingdom, CR0 4HA. In accordance with S.399(2A) CA2006 the parent company has taken advantage of the small group exemption not to prepare consolidated group accounts.
JFT Specialised Works Limited
Notes to the Accounts
for the year ended 31 July 2020
9
Average number of employees
During the year the average number of employees was 2 (2019: 2).