Jemasys Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01742993 (England and Wales)

Financial Statements

for the Year Ended 31 August 2020

for

JEMASYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J T Prince

SECRETARY:

Mrs C Prince

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

01742993 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

4

3,470

4,609

CURRENT ASSETS

Debtors

5

1,184

13,021

Cash at bank

16,395

17,236

17,579

30,257

CREDITORS

Amounts falling due within one year

6

29,913

10,165

NET CURRENT (LIABILITIES)/ASSETS

(12,334

)

20,092

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,864

)

24,701

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

(8,965

)

24,600

(8,864

)

24,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 May 2021 and were signed by:

Mr J T Prince - Director

1.	STATUTORY INFORMATION

Jemasys 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services, excluding value added tax.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2019

and 31 August 2020

5,532

52,216

13,588

71,336

DEPRECIATION

At 1 September 2019

5,410

49,345

11,972

66,727

Charge for year

18

717

404

1,139

At 31 August 2020

5,428

50,062

12,376

67,866

NET BOOK VALUE

At 31 August 2020

104

2,154

1,212

3,470

At 31 August 2019

122

2,871

1,616

4,609

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade debtors

621

13,021

Tax

563

-

1,184

13,021

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Bank loans and overdrafts (see note 7)

28,874

-

Tax

-

9,430

Directors' current accounts

157

-

Accruals and deferred income

882

735

29,913

10,165

7.

LOANS

An analysis of the maturity of loans is given below:

31.8.20

31.8.19

£

£

Amounts falling due within one year or on demand:

Bank loans

28,874

-

8.	RELATED PARTY DISCLOSURES

At the year end the company owed the director £157 (2019 £Nil). This amount is interest free and repayable upon demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J T Prince.