The Ebor Jetworks Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07534699 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 February 2020

for

The Ebor Jetworks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Steele

S Caldwell - Steele

REGISTERED OFFICE:

2 Clifton Moor Business Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

REGISTERED NUMBER:

07534699 (England and Wales)

ACCOUNTANTS:

Beckingtons

2 Clifton Moor Business

Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,458

4,941

5,458

4,941

CURRENT ASSETS

Stocks

21,200

19,200

Cash at bank and in hand

10,305

9,069

31,505

28,269

CREDITORS

Amounts falling due within one year

6

31,672

22,731

NET CURRENT (LIABILITIES)/ASSETS

(167

)

5,538

TOTAL ASSETS LESS CURRENT LIABILITIES

5,291

10,479

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

5,289

10,477

SHAREHOLDERS' FUNDS

5,291

10,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2020 and were signed on its behalf by:

D J Steele - Director

S Caldwell - Steele - Director

1.	STATUTORY INFORMATION

The Ebor Jetworks Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2019

and 29 February 2020

20,000

AMORTISATION

At 1 March 2019

and 29 February 2020

20,000

NET BOOK VALUE

At 29 February 2020

-

At 28 February 2019

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2019

3,702

4,807

3,803

12,312

Additions

1,003

-

1,036

2,039

At 29 February 2020

4,705

4,807

4,839

14,351

DEPRECIATION

At 1 March 2019

2,167

2,148

3,056

7,371

Charge for year

381

399

742

1,522

At 29 February 2020

2,548

2,547

3,798

8,893

NET BOOK VALUE

At 29 February 2020

2,157

2,260

1,041

5,458

At 28 February 2019

1,535

2,659

747

4,941

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Hire purchase contracts

-

699

Trade creditors

4,101

-

Taxation and social security

11,563

12,739

Other creditors

16,008

9,293

31,672

22,731

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.20

28.2.19

value:

£

£

2

Ordinary

£1

2

2

8.	RELATED PARTY DISCLOSURES

The following advances and credits to directors subsisted during the years ended 29 February 2020 and 28 February 2019:

29.2.20

28.2.19

£

£

S Caldwell - Steele

Balance outstanding at start of year

-

2,621

Amounts repaid

-

(2,621

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

D J Steele

Balance outstanding at start of year

-

2,621

Amounts repaid

-

(2,621

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-