Company Registration No. 12292189 (England and Wales)
JK19 LTD
Unaudited accounts
for the year ended 31 October 2022
JK19 LTD
Unaudited accounts
Contents
JK19 LTD
Company Information
for the year ended 31 October 2022
Directors
Keyur Jashvantkumar Shah
Jayeshkumar Mansukhbhai Mangukiya
Company Number
12292189 (England and Wales)
Registered Office
62 HARROW WAY
WATFORD
WD19 5ET
ENGLAND
JK19 LTD
Statement of financial position
as at 31 October 2022
Tangible assets
24,601
22,653
Cash at bank and in hand
37,259
15,470
Creditors: amounts falling due within one year
(152,612)
(150,503)
Net current liabilities
(12,053)
(13,480)
Total assets less current liabilities
12,548
9,173
Creditors: amounts falling due after more than one year
(41,720)
(47,930)
Net liabilities
(29,172)
(38,757)
Called up share capital
100
100
Profit and loss account
(29,272)
(38,857)
Shareholders' funds
(29,172)
(38,757)
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by
Jayeshkumar Mansukhbhai Mangukiya
Director
Company Registration No. 12292189
JK19 LTD
Notes to the Accounts
for the year ended 31 October 2022
JK19 LTD is a private company, limited by shares, registered in England and Wales, registration number 12292189. The registered office is 62 HARROW WAY, WATFORD, WD19 5ET, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% as per reducing balance method
Computer equipment
33.33% as per straight line method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
JK19 LTD
Notes to the Accounts
for the year ended 31 October 2022
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2021
15,000
7,000
1,994
23,994
At 31 October 2022
15,000
11,100
1,994
28,094
At 1 November 2021
-
933
408
1,341
Charge for the year
-
1,487
665
2,152
At 31 October 2022
-
2,420
1,073
3,493
At 31 October 2022
15,000
8,680
921
24,601
At 31 October 2021
15,000
6,067
1,586
22,653
Amounts falling due within one year
Accrued income and prepayments
6,759
4,367
Other debtors
48,569
52,468
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
27,441
33,168
Taxes and social security
430
(497)
Other creditors
22,963
49,482
Loans from directors
98,728
65,900
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 9 (2021: 9).