Company registration number 10739133 (England and Wales)
JESANI ADVISORY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 OCTOBER 2022
PAGES FOR FILING WITH REGISTRAR
JESANI ADVISORY LTD
COMPANY INFORMATION
Director
M Jesani
Company number
10739133
Registered office
28 Grendon Avenue
Oldham
OL8 4HT
Accountants
M J Goldman (Chartered Accountants)
Hollinwood Business Centre
Albert Street
Oldham
Lancashire
OL8 3QL
JESANI ADVISORY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
JESANI ADVISORY LTD
BALANCE SHEET
AS AT
26 OCTOBER 2022
26 October 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
646
646
Current assets
Debtors
4
3,774
3,774
Cash at bank and in hand
19,517
3,774
23,291
Creditors: amounts falling due within one year
5
(7,529)
(27,046)
Net current liabilities
(3,755)
(3,755)
Total assets less current liabilities
(3,109)
(3,109)
Provisions for liabilities
(123)
(123)
Net liabilities
(3,232)
(3,232)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(3,233)
(3,233)
Total equity
(3,232)
(3,232)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 26 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 24 October 2023
M Jesani
Director
Company Registration No. 10739133
JESANI ADVISORY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 OCTOBER 2022
- 2 -
1
Accounting policies
Company information
Jesani Advisory Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 28 Grendon Avenue, Oldham, OL8 4HT.
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, except for modification to a fair value basis where specified in the accounting policies set out below.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
IT equipment and computers
33% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.3
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, which include debtors and cash, together with basic financial liabilities, including creditors, are initially recognised at transaction cost and not amortised as they are either receivable or payable within one year.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
JESANI ADVISORY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 OCTOBER 2022
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 30 October 2021 and 26 October 2022
1,507
Depreciation and impairment
At 30 October 2021 and 26 October 2022
861
Carrying amount
At 26 October 2022
646
At 29 October 2021
646
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
3,774
3,774
5
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
1,200
1,200
Other creditors
6,329
25,846
7,529
27,046
6
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of 1p each
100
100
1
1