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REGISTERED NUMBER: 09969429 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

J K STAFFING SOLUTIONS LIMITED

J K STAFFING SOLUTIONS LIMITED (REGISTERED NUMBER: 09969429)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J K STAFFING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: J Otto





REGISTERED OFFICE: Unit 2 Milner Road
Chilton Road Industrial Estate
Sudbury
Suffolk
CO10 2XG





REGISTERED NUMBER: 09969429 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

J K STAFFING SOLUTIONS LIMITED (REGISTERED NUMBER: 09969429)

BALANCE SHEET
31 JANUARY 2023

31.1.22 31.1.23
£    £    Notes £    £   
FIXED ASSETS
42,271 Tangible assets 4 104,574

CURRENT ASSETS
203,067 Debtors 5 380,689
14,565 Cash at bank and in hand 8,941
217,632 389,630
CREDITORS
215,789 Amounts falling due within one year 6 631,309
1,843 NET CURRENT (LIABILITIES)/ASSETS (241,679 )
44,114 TOTAL ASSETS LESS CURRENT
LIABILITIES

(137,105

)

CREDITORS
71,492 Amounts falling due after more than one
year

7

73,463
(27,378 ) NET LIABILITIES (210,568 )

CAPITAL AND RESERVES
300 Called up share capital 300
(27,678 ) Retained earnings (210,868 )
(27,378 ) SHAREHOLDERS' FUNDS (210,568 )

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

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

J K STAFFING SOLUTIONS LIMITED (REGISTERED NUMBER: 09969429)

BALANCE SHEET - continued
31 JANUARY 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 16 October 2023 and were signed by:





J Otto - Director


J K STAFFING SOLUTIONS LIMITED (REGISTERED NUMBER: 09969429)

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

1. STATUTORY INFORMATION

J K Staffing Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing trade debtor balances.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

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.


J K STAFFING SOLUTIONS LIMITED (REGISTERED NUMBER: 09969429)

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

2. ACCOUNTING POLICIES - continued
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.

Going concern
These accounts have been prepared on the going concern basis, the validity of which is dependent upon a significant improvement in the company's trading. Since the year end, the company has secured significant new contracts which the Directors believe will enable the company to return to a solvent position in the short term. On this basis, no adjustments have been made to these accounts to reflect any going concern issues.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 9 ) .

J K STAFFING SOLUTIONS LIMITED (REGISTERED NUMBER: 09969429)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Totals machinery vehicles equipment
£    £    £    £   
COST
At 1 February 2022 73,089 3,950 64,190 4,949
Additions 99,413 50,450 45,000 3,963
Disposals (3,000 ) - (3,000 ) -
At 31 January 2023 169,502 54,400 106,190 8,912
DEPRECIATION
At 1 February 2022 30,818 988 27,521 2,309
Charge for year 34,860 13,354 19,855 1,651
Eliminated on disposal (750 ) - (750 ) -
At 31 January 2023 64,928 14,342 46,626 3,960
NET BOOK VALUE
At 31 January 2023 104,574 40,058 59,564 4,952
At 31 January 2022 42,271 2,962 36,669 2,640

Included within fixed assets are certain assets acquired under hire purchase agreements. The net book value of the assets as at 31 January 2023 is £45,276 (2022 - £34,419) and the related depreciation charge for the year is £15,093 (2022 - £11,474).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 302,850 172,522
Other debtors 77,839 30,545
380,689 203,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 5,800 10,000
Hire purchase contracts 17,058 10,162
Trade creditors 29,207 5,395
Taxation and social security 273,367 131,561
Other creditors 305,877 58,671
631,309 215,789

J K STAFFING SOLUTIONS LIMITED (REGISTERED NUMBER: 09969429)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 36,733 38,333
Hire purchase contracts 36,730 33,159
73,463 71,492

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 13,533 -