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Company Registration No. 12292189 (England and Wales)
JK19 LTD Unaudited accounts for the year ended 31 October 2022
JK19 LTD Unaudited accounts Contents
Page
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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
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JK19 LTD Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,601 
22,653 
Current assets
Inventories
45,690 
58,351 
Debtors
57,610 
63,202 
Cash at bank and in hand
37,259 
15,470 
140,559 
137,023 
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)
Capital and reserves
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
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JK19 LTD Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
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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 
Additions
- 
4,100 
- 
4,100 
At 31 October 2022
15,000 
11,100 
1,994 
28,094 
Depreciation
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 
Net book value
At 31 October 2022
15,000 
8,680 
921 
24,601 
At 31 October 2021
15,000 
6,067 
1,586 
22,653 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
404 
6,367 
Trade debtors
1,878 
- 
Accrued income and prepayments
6,759 
4,367 
Other debtors
48,569 
52,468 
57,610 
63,202 
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 
Accruals
3,050 
2,450 
152,612 
150,503 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
41,720 
47,930 
8
Average number of employees
During the year the average number of employees was 9 (2021: 9).
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