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REGISTERED NUMBER: 05254946 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

JNK 2000 LIMITED

JNK 2000 LIMITED (REGISTERED NUMBER: 05254946)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JNK 2000 LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2022







DIRECTOR: K N Tolley





SECRETARY: Mrs J Tolley





REGISTERED OFFICE: Unit 6a Purdy Road
Bilston
Wolverhampton
West Midlands
WV14 8UB





REGISTERED NUMBER: 05254946 (England and Wales)





ACCOUNTANTS: Financial Accounting Services Limited
Virginia House
56 Warwick Road
Solihull
United Kingdom
West Midlands
B92 7HX

JNK 2000 LIMITED (REGISTERED NUMBER: 05254946)

BALANCE SHEET
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 93
Tangible assets 5 4,487 103,717
4,487 103,810

CURRENT ASSETS
Stocks - 16,551
Debtors 6 62,284 52,973
Cash at bank and in hand 192,323 45,491
254,607 115,015
CREDITORS
Amounts falling due within one year 7 101,785 68,593
NET CURRENT ASSETS 152,822 46,422
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,309

150,232

CREDITORS
Amounts falling due after more than one year 8 (40,119 ) (59,080 )

PROVISIONS FOR LIABILITIES (635 ) (27,455 )
NET ASSETS 116,555 63,697

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 116,553 63,695
SHAREHOLDERS' FUNDS 116,555 63,697

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

JNK 2000 LIMITED (REGISTERED NUMBER: 05254946)

BALANCE SHEET - continued
31 March 2022


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 25 August 2022 and were signed by:





K N Tolley - Director


JNK 2000 LIMITED (REGISTERED NUMBER: 05254946)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Jnk 2000 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.

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.

Intelletual Property are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and equipment - 20% on cost
Motor vehicles - 20% on cost
Office equipment - 20% on cost

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

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.

JNK 2000 LIMITED (REGISTERED NUMBER: 05254946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2021 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2021
and 31 March 2022 2,987
AMORTISATION
At 1 April 2021 2,894
Charge for year 93
At 31 March 2022 2,987
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 93

JNK 2000 LIMITED (REGISTERED NUMBER: 05254946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2021 254,210 16,695 1,365 272,270
Additions 48,090 - 317 48,407
Disposals (302,300 ) - - (302,300 )
At 31 March 2022 - 16,695 1,682 18,377
DEPRECIATION
At 1 April 2021 158,955 8,348 1,250 168,553
Charge for year - 4,174 118 4,292
Eliminated on disposal (158,955 ) - - (158,955 )
At 31 March 2022 - 12,522 1,368 13,890
NET BOOK VALUE
At 31 March 2022 - 4,173 314 4,487
At 31 March 2021 95,255 8,347 115 103,717

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2021
and 31 March 2022 16,695
DEPRECIATION
At 1 April 2021 8,348
Charge for year 4,174
At 31 March 2022 12,522
NET BOOK VALUE
At 31 March 2022 4,173
At 31 March 2021 8,347

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 60,869 52,223
Other debtors 1,415 750
62,284 52,973

JNK 2000 LIMITED (REGISTERED NUMBER: 05254946)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 3,405 3,405
Trade creditors 12,331 11,790
Taxation and social security 59,068 15,724
Other creditors 26,981 37,674
101,785 68,593

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 34,444 50,000
Hire purchase contracts 5,675 9,080
40,119 59,080