Jaycross Limited Filleted accounts for Companies House (small and micro)

false false false false false false false false false true false false false false false false false No description of principal activity 2017-01-01 Sage Accounts Production Advanced 2018 - FRS xbrli:pure xbrli:shares iso4217:GBP 03036541 2017-01-01 2017-12-31 03036541 2017-12-31 03036541 2016-12-31 03036541 2016-01-01 2016-12-31 03036541 2016-12-31 03036541 core:PlantMachinery 2017-01-01 2017-12-31 03036541 core:FurnitureFittings 2017-01-01 2017-12-31 03036541 core:MotorVehicles 2017-01-01 2017-12-31 03036541 bus:Director1 2017-01-01 2017-12-31 03036541 bus:Director2 2017-01-01 2017-12-31 03036541 core:PlantMachinery 2016-12-31 03036541 core:FurnitureFittings 2016-12-31 03036541 core:MotorVehicles 2016-12-31 03036541 core:PlantMachinery 2017-12-31 03036541 core:FurnitureFittings 2017-12-31 03036541 core:MotorVehicles 2017-12-31 03036541 core:AfterOneYear 2017-12-31 03036541 core:AfterOneYear 2016-12-31 03036541 core:WithinOneYear 2017-12-31 03036541 core:WithinOneYear 2016-12-31 03036541 core:ShareCapital 2017-12-31 03036541 core:ShareCapital 2016-12-31 03036541 core:RetainedEarningsAccumulatedLosses 2017-12-31 03036541 core:RetainedEarningsAccumulatedLosses 2016-12-31 03036541 core:PlantMachinery 2016-12-31 03036541 core:FurnitureFittings 2016-12-31 03036541 core:MotorVehicles 2016-12-31 03036541 bus:SmallEntities 2017-01-01 2017-12-31 03036541 bus:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 03036541 bus:FullAccounts 2017-01-01 2017-12-31 03036541 bus:SmallCompaniesRegimeForAccounts 2017-01-01 2017-12-31 03036541 bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 03036541 core:OfficeEquipment 2017-01-01 2017-12-31 03036541 core:OfficeEquipment 2016-12-31 03036541 core:OfficeEquipment 2017-12-31

COMPANY REGISTRATION NUMBER: 03036541

Jaycross Limited

Filleted Unaudited Financial Statements

31 December 2017

Jaycross Limited

Statement of Financial Position

31 December 2017

	2017		2016
Note	£	£	£

Fixed assets

Tangible assets	5		22,761	22,664

Current assets

Stocks		1,754,500	1,327,513
Debtors	6	81,481	82,913
Cash at bank and in hand		134,499	459,508
		-------------	-------------
		1,970,480	1,869,934

Creditors: amounts falling due within one year	7	445,065		348,404
		-------------		-------------
Net current assets			1,525,415	1,521,530
			-------------	-------------
Total assets less current liabilities			1,548,176	1,544,194

Creditors: amounts falling due after more than one year	8	2,299,183	2,299,183
		-------------	-------------
Net liabilities		( 751,007)	( 754,989)
		-------------	-------------

Jaycross Limited

Statement of Financial Position (continued)

31 December 2017

	2017		2016
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 751,107)	( 755,089)
	----------	----------
Shareholders deficit	( 751,007)	( 754,989)
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 18 September 2018 , and are signed on behalf of the board by:

Mrs C Bartlett	Mr P J Bartlett
Director	Director

Company registration number: 03036541

Jaycross Limited

Notes to the Financial Statements

Year ended 31 December 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Courthouse, Erftstadt Court, Denmark Street, Wokingham, Berkshire, RG40 2AY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis as financial support will continue to be provided by the Holding Company.

Holiday pay accrual

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	25% straight line
Fixtures & Fittings	-	25% straight line
Motor Vehicles	-	25% straight line
Equipment	-	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Stock financed under a stocking plan are included in stock as there is a financial commitment to purchase within six months. The amounts payable under the stocking plan arrangement are included in trade creditors.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 28 (2016: 28 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2017	45,675	106,363	28,345	119,001	299,384
Additions	6,727	4,479	–	669	11,875
	---------	----------	---------	----------	----------
At 31 December 2017	52,402	110,842	28,345	119,670	311,259
	---------	----------	---------	----------	----------
Depreciation
At 1 January 2017	45,047	103,133	21,408	107,132	276,720
Charge for the year	1,967	2,239	2,312	5,260	11,778
	---------	----------	---------	----------	----------
At 31 December 2017	47,014	105,372	23,720	112,392	288,498
	---------	----------	---------	----------	----------
Carrying amount
At 31 December 2017	5,388	5,470	4,625	7,278	22,761
	---------	----------	---------	----------	----------
At 31 December 2016	628	3,230	6,937	11,869	22,664
	---------	----------	---------	----------	----------

6. Debtors

	2017	2016
	£	£
Trade debtors	10,335	17,476
Other debtors	71,146	65,437
	---------	---------
	81,481	82,913
	---------	---------

7. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	417,656	317,513
Social security and other taxes	16,156	21,704
Other creditors	11,253	9,187
	----------	----------
	445,065	348,404
	----------	----------

8. Creditors: amounts falling due after more than one year

	2017	2016
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,299,183	2,299,183
	-------------	-------------

9. Directors' advances, credits and guarantees

At the 31 December 2017 the director owed the company £3,393 which is included in debtors.

10. Related party transactions

The company continued to be under the control of the parent company, Bartlett Industrial Holdings Limited. Jaycross Limited operates from two properties owned by Bartlett Industrial Holdings Limited. The properties are provided to the company on a rent free basis. Jaycross Limited 's overdraft facility is covered by a cross party guarantee with Bartlett Industrial Holdings Limited and secured on the freehold properties owned by Bartlett Industrial Holdings Limited. No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

11. Controlling party

The company continued to be under the control of the parent company, Bartlett Industrial Holdings Limited. The controlling parties are the directors Mr P J Barlett and Mrs C Bartlett .