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Company Registration No. 11765931 (England and Wales)
JS Passion Ltd Unaudited accounts for the year ended 31 January 2023
JS Passion Ltd Unaudited accounts Contents
Page
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JS Passion Ltd Company Information for the year ended 31 January 2023
Director
Jawad Shah
Company Number
11765931 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY ENGLAND
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JS Passion Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,534 
18,167 
Current assets
Debtors
655 
1,878 
Cash at bank and in hand
16,639 
10,504 
17,294 
12,382 
Creditors: amounts falling due within one year
(10,011)
(7,544)
Net current assets
7,283 
4,838 
Total assets less current liabilities
21,817 
23,005 
Creditors: amounts falling due after more than one year
(24,364)
(30,000)
Net liabilities
(2,547)
(6,995)
Capital and reserves
Share premium
100 
100 
Profit and loss account
(2,647)
(7,095)
Shareholders' funds
(2,547)
(6,995)
For the year ending 31 January 2023 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 director acknowledges his 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 and authorised for issue on 26 October 2023 and were signed on its behalf by
Jawad Shah Director Company Registration No. 11765931
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JS Passion Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
JS Passion Ltd is a private company, limited by shares, registered in England and Wales, registration number 11765931. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, 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.
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% reducing balance
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.
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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JS Passion Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2022
35,482 
At 31 January 2023
35,482 
Depreciation
At 1 February 2022
17,315 
Charge for the year
3,633 
At 31 January 2023
20,948 
Net book value
At 31 January 2023
14,534 
At 31 January 2022
18,167 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
808 
Amounts falling due after more than one year
Trade debtors
555 
970 
Other debtors
100 
100 
655 
1,070 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,363 
- 
Trade creditors
7,448 
6,344 
Accruals
1,200 
1,200 
10,011 
7,544 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,364 
30,000 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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