Company Registration No. 11444959 (England and Wales)
JAMILA TRADING LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
LB GROUP
The Octagon Suite E2
2nd Floor Middleborough
Colchester
Essex
CO1 1TG
JAMILA TRADING LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
JAMILA TRADING LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2021
Notes
£
£
£
£
Current assets
Stocks
10,000
10,000
Debtors
4
50
50
10,050
10,050
Creditors: amounts falling due within one year
5
(14,778)
(14,778)
Net current liabilities
(4,728)
(4,728)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(4,828)
(4,828)
Total equity
(4,728)
(4,728)

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 12 October 2023
Mr R P J Lamberth
Director
Company Registration No. 11444959
JAMILA TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information

Jamila Trading Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Octagon Suite E2, 2nd Floor Middleborough, Colchester, Essex, CO1 1TG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

Jamila Trading Limited is a 50% owned subsidiary of Consigliere Limited.

1.2
Going concern

At the year end the company had net liabilities. However, in the opinion of the directors, the company will have sufficient working capital to meet all liabilities as they fall due. Consequently the financial statements have been prepared on a going concern basis.true

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

JAMILA TRADING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2021
Number
Number
Total
1
3
4
Debtors
2023
2021
Amounts falling due within one year:
£
£
Other debtors
50
50
5
Creditors: amounts falling due within one year
2023
2021
£
£
Other creditors
14,778
14,778
6
Directors' transactions

No guarantees have been given or received.

2023-01-312022-02-01trueCCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr R P J Lamberthfalse114449592022-02-012023-01-31114449592023-01-31114449592022-01-3111444959core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-3111444959core:CurrentFinancialInstrumentscore:WithinOneYear2022-01-3111444959core:ShareCapital2023-01-3111444959core:ShareCapital2022-01-3111444959core:RetainedEarningsAccumulatedLosses2023-01-3111444959core:RetainedEarningsAccumulatedLosses2022-01-3111444959bus:Director12022-02-012023-01-31114449592020-08-012022-01-3111444959core:WithinOneYear2023-01-3111444959core:WithinOneYear2022-01-3111444959core:CurrentFinancialInstruments2023-01-3111444959core:CurrentFinancialInstruments2022-01-3111444959bus:EntityNoLongerTradingButTradedInPast2022-02-012023-01-3111444959bus:PrivateLimitedCompanyLtd2022-02-012023-01-3111444959bus:SmallCompaniesRegimeForAccounts2022-02-012023-01-3111444959bus:FRS1022022-02-012023-01-3111444959bus:AuditExemptWithAccountantsReport2022-02-012023-01-3111444959bus:FullAccounts2022-02-012023-01-31xbrli:purexbrli:sharesiso4217:GBP