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REGISTERED NUMBER: 10291003 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

JAKEDESIGNS GRAPHICS LIMITED

JAKEDESIGNS GRAPHICS LIMITED (REGISTERED NUMBER: 10291003)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAKEDESIGNS GRAPHICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: J Ball





REGISTERED OFFICE: Unit G1
Psalters Lane
Rotherham
S61 1DP





REGISTERED NUMBER: 10291003 (England and Wales)





ACCOUNTANTS: Booth Lynch & Co Limited
4 The Dell
Woodlaithes Village
Rotherham
S66 3ZQ

JAKEDESIGNS GRAPHICS LIMITED (REGISTERED NUMBER: 10291003)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,166 122,785

CURRENT ASSETS
Debtors 5 249,002 238,604
Cash at bank and in hand 59,500 105,025
308,502 343,629
CREDITORS
Amounts falling due within one year 6 111,570 122,234
NET CURRENT ASSETS 196,932 221,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,098

344,180

CREDITORS
Amounts falling due after more than one
year

7

38,207

64,577
NET ASSETS 278,891 279,603

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 278,890 279,602
SHAREHOLDERS' FUNDS 278,891 279,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

JAKEDESIGNS GRAPHICS LIMITED (REGISTERED NUMBER: 10291003)

BALANCE SHEET - continued
31 AUGUST 2023


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 10 October 2023 and were signed by:





J Ball - Director


JAKEDESIGNS GRAPHICS LIMITED (REGISTERED NUMBER: 10291003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Jakedesigns Graphics 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.

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
Computer equipment - 20% on reducing balance

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 NIL (2022 - 11 ).

JAKEDESIGNS GRAPHICS LIMITED (REGISTERED NUMBER: 10291003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2022 132,418 18,923 151,341
Additions - 20,388 20,388
At 31 August 2023 132,418 39,311 171,729
DEPRECIATION
At 1 September 2022 19,863 8,693 28,556
Charge for year 16,883 6,124 23,007
At 31 August 2023 36,746 14,817 51,563
NET BOOK VALUE
At 31 August 2023 95,672 24,494 120,166
At 31 August 2022 112,555 10,230 122,785

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 70,243 59,845
Other debtors 178,759 178,759
249,002 238,604

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,648 15,533
Hire purchase contracts 21,427 21,427
Trade creditors 16,342 22,742
Taxation and social security 61,665 60,235
Other creditors 1,488 2,297
111,570 122,234

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 20,707 28,392
Hire purchase contracts 17,500 36,185
38,207 64,577

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Ball.