Jee Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03579143 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Jee Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

K F Harrison

T P Jee

REGISTERED OFFICE:

Hildenbrook House

The Slade

Tonbridge

Kent

TN9 1HR

REGISTERED NUMBER:

03579143 (England and Wales)

ACCOUNTANTS:

Deeks Evans Audit Services Limited

Chartered Accountants

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU

FIXED ASSETS

Tangible assets

4

34,002

56,953

CURRENT ASSETS

Debtors

5

1,316,212

1,105,469

Cash at bank and in hand

122,261

171,888

1,438,473

1,277,357

CREDITORS

Amounts falling due within one year

6

648,228

875,892

NET CURRENT ASSETS

790,245

401,465

TOTAL ASSETS LESS CURRENT LIABILITIES

824,247

458,418

CREDITORS

Amounts falling due after more than one year

7

201,001

297,503

NET ASSETS

623,246

160,915

CAPITAL & RESERVES

Called up share capital

1,382

1,382

Retained earnings

621,864

159,533

623,246

160,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 14 September 2023 and were signed on its behalf by:

T P Jee - Director

1.	STATUTORY INFORMATION

Jee 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 represents amounts receivable for goods and services net of VAT and trade discounts. Revenue for project work is recognised as work is performed, based on staff time incurred, with any work not invoiced at the year end included in accrued income, and any work invoiced but not performed included in deferred income. Revenue for training courses is recognised on the date of delivery of the course.

Tangible fixed assets

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

Plant and machinery etc

-

3 years and over 5 to 10 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2021 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

1,351,387

Additions

18,112

At 31 December 2022

1,369,499

DEPRECIATION

At 1 January 2022

1,294,434

Charge for year

41,063

At 31 December 2022

1,335,497

NET BOOK VALUE

At 31 December 2022

34,002

At 31 December 2021

56,953

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

817,963

531,657

Amounts owed by group undertakings

112,923

159,977

Other debtors

385,326

413,835

1,316,212

1,105,469

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans & overdrafts (see note 8)

96,501

85,344

Trade creditors

68,134

52,934

Taxation & social security

283,047

335,841

Other creditors

200,546

401,773

648,228

875,892

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans (see note 8)

201,001

297,503

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

-

6,164

8.

LOANS

An analysis of the maturity of loans is given below:

2022

2021

£

£

Amounts falling due within one year or on demand:

Bank loans

96,501

85,344

Amounts falling due between one and two years:

Bank loans - 1-2 years

103,892

96,501

Amounts falling due between two and five years:

Bank loans - 2-5 years

97,109

194,838

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

-

6,164

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jee Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jee Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jee Limited and state those matters that we have agreed to state to the Board of Directors of Jee Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jee Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jee Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jee Limited. You consider that Jee Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jee Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Deeks Evans Audit Services Limited

Chartered Accountants

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU

14 September 2023