Registered number
09853237
Jimi Accounting Services Ltd
Filleted Accounts
31 March 2023
Jimi Accounting Services Ltd
Registered number: 09853237
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,026 13,782
Current assets
Debtors 4 2,720 1,690
Cash at bank and in hand 4,809 4,139
7,529 5,829
Creditors: amounts falling due within one year 5 (14,832) (18,458)
Net current liabilities (7,303) (12,629)
Net assets 3,723 1,153
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,722 1,152
Shareholders' funds 3,723 1,153
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Djouma ISMAIL
Director
Approved by the board on 19 October 2023
Jimi Accounting Services Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 5,572 24,108 29,680
At 31 March 2023 5,572 24,108 29,680
Depreciation
At 1 April 2022 3,273 12,625 15,898
Charge for the year 460 2,296 2,756
At 31 March 2023 3,733 14,921 18,654
Net book value
At 31 March 2023 1,839 9,187 11,026
At 31 March 2022 2,299 11,483 13,782
4 Debtors 2023 2022
£ £
Trade debtors 2,720 1,690
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 435 118
Trade creditors 4,319 6,848
Corporation tax 963 273
Other taxes and social security costs - 214
Other creditors 9,115 11,005
14,832 18,458
6 Controlling party
Djouma ISMAIL, a company director controls the company by virtue of holding 100% of the issued share capital.
7 Other information
Jimi Accounting Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
136 Huxley Road
Upper Edmonton
LONDON
N18 1LJ
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