Company Registration No. 04425749 (England and Wales)
JFT Specialised Works Limited
Unaudited accounts
for the year ended 31 July 2018
JFT Specialised Works Limited
Unaudited accounts
Contents
JFT Specialised Works Limited
Company Information
for the year ended 31 July 2018
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 2018
Tangible assets
33,096
43,538
Inventories
19,884
35,985
Cash at bank and in hand
488,714
433,597
Creditors: amounts falling due within one year
(119,445)
(135,608)
Net current assets
622,487
565,474
Net assets
655,583
609,012
Called up share capital
2
2
Profit and loss account
655,581
609,010
Shareholders' funds
655,583
609,012
For the year ending 31 July 2018 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 29 November 2018.
J Tomlinson
Director
Company Registration No. 04425749
JFT Specialised Works Limited
Notes to the Accounts
for the year ended 31 July 2018
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 2018
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2017
5,262
47,288
52,550
At 31 July 2018
5,853
47,288
53,141
At 1 August 2017
4,110
4,902
9,012
Charge for the year
436
10,597
11,033
At 31 July 2018
4,546
15,499
20,045
At 31 July 2018
1,307
31,789
33,096
At 31 July 2017
1,152
42,386
43,538
Finished goods
19,884
35,985
Accrued income and prepayments
232,952
231,500
7
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
54,931
71,611
Loans from directors
25,362
4,129
8
Average number of employees
During the year the average number of employees was 1 (2017: 1).