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REGISTERED NUMBER: SC598062 (Scotland)















Unaudited Financial Statements For The Year Ended 31 May 2022

for

JSH Stores Ltd

JSH Stores Ltd (Registered number: SC598062)






Contents of the Financial Statements
For The Year Ended 31 May 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JSH Stores Ltd

Company Information
For The Year Ended 31 May 2022







DIRECTORS: J Akhtar
Mrs S Akhtar





REGISTERED OFFICE: 103 Cambusnethan Street
Wishaw
ML2 2PF





REGISTERED NUMBER: SC598062 (Scotland)





ACCOUNTANTS: Ahmad & Nabi Mcmullan
95-107 Lancefield Street
Glasgow
Lanarkshire
G3 8HZ

JSH Stores Ltd (Registered number: SC598062)

Balance Sheet
31 May 2022

31.5.22 31.5.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 107,902 107,902
Tangible assets 5 13,885 17,356
121,787 125,258

CURRENT ASSETS
Stocks 52,750 51,625
Cash at bank and in hand 16,294 99,873
69,044 151,498
CREDITORS
Amounts falling due within one year 6 155,723 237,337
NET CURRENT LIABILITIES (86,679 ) (85,839 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,108

39,419

CREDITORS
Amounts falling due after more than one
year

7

11,170

-
NET ASSETS 23,938 39,419

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 23,838 39,319
SHAREHOLDERS' FUNDS 23,938 39,419

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

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

JSH Stores Ltd (Registered number: SC598062)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 21 July 2022 and were signed on its behalf by:





J Akhtar - Director


JSH Stores Ltd (Registered number: SC598062)

Notes to the Financial Statements
For The Year Ended 31 May 2022

1. STATUTORY INFORMATION

JSH Stores Ltd is a private company, limited by shares , registered in Scotland. 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 0, is being amortised evenly over its estimated useful life of nil 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

JSH Stores Ltd (Registered number: SC598062)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2021
and 31 May 2022 107,902
NET BOOK VALUE
At 31 May 2022 107,902
At 31 May 2021 107,902

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2021
and 31 May 2022 22,730 6,100 28,830
DEPRECIATION
At 1 June 2021 9,034 2,440 11,474
Charge for year 2,739 732 3,471
At 31 May 2022 11,773 3,172 14,945
NET BOOK VALUE
At 31 May 2022 10,957 2,928 13,885
At 31 May 2021 13,696 3,660 17,356

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
£    £   
Bank loans and overdrafts 33,246 50,000
Trade creditors 4,972 5,174
Tax 682 10,133
Social security and other taxes 96 97
VAT 3,740 4,515
Directors' loan accounts 109,163 163,986
Accrued expenses 3,824 3,432
155,723 237,337

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.22 31.5.21
£    £   
Bank loans - 1-2 years 11,170 -

JSH Stores Ltd (Registered number: SC598062)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2022

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.5.22 31.5.21
value: £    £   
100 ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2021 39,319
Profit for the year 2,519
Dividends (18,000 )
At 31 May 2022 23,838