2022-04-012023-03-312023-03-31false11899798JYB KLASSI LTD2023-10-27iso4217:GBPxbrli:pure118997982022-04-01118997982023-03-31118997982022-04-012023-03-31118997982021-04-01118997982022-03-31118997982021-04-012022-03-3111899798bus:SmallEntities2022-04-012023-03-3111899798bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3111899798bus:FullAccounts2022-04-012023-03-3111899798bus:PrivateLimitedCompanyLtd2022-04-012023-03-3111899798core:WithinOneYear2023-03-3111899798core:AfterOneYear2023-03-3111899798core:WithinOneYear2022-03-3111899798core:AfterOneYear2022-03-3111899798core:ShareCapital2023-03-3111899798core:SharePremium2023-03-3111899798core:RevaluationReserve2023-03-3111899798core:OtherReservesSubtotal2023-03-3111899798core:RetainedEarningsAccumulatedLosses2023-03-3111899798core:ShareCapital2022-03-3111899798core:SharePremium2022-03-3111899798core:RevaluationReserve2022-03-3111899798core:OtherReservesSubtotal2022-03-3111899798core:RetainedEarningsAccumulatedLosses2022-03-3111899798core:LandBuildings2023-03-3111899798core:PlantMachinery2023-03-3111899798core:Vehicles2023-03-3111899798core:FurnitureFittings2023-03-3111899798core:OfficeEquipment2023-03-3111899798core:NetGoodwill2023-03-3111899798core:IntangibleAssetsOtherThanGoodwill2023-03-3111899798core:ListedExchangeTraded2023-03-3111899798core:UnlistedNon-exchangeTraded2023-03-3111899798core:LandBuildings2022-03-3111899798core:PlantMachinery2022-03-3111899798core:Vehicles2022-03-3111899798core:FurnitureFittings2022-03-3111899798core:OfficeEquipment2022-03-3111899798core:NetGoodwill2022-03-3111899798core:IntangibleAssetsOtherThanGoodwill2022-03-3111899798core:ListedExchangeTraded2022-03-3111899798core:UnlistedNon-exchangeTraded2022-03-3111899798core:LandBuildings2022-04-012023-03-3111899798core:PlantMachinery2022-04-012023-03-3111899798core:Vehicles2022-04-012023-03-3111899798core:FurnitureFittings2022-04-012023-03-3111899798core:OfficeEquipment2022-04-012023-03-3111899798core:NetGoodwill2022-04-012023-03-3111899798core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3111899798core:ListedExchangeTraded2022-04-012023-03-3111899798core:UnlistedNon-exchangeTraded2022-04-012023-03-3111899798core:MoreThanFiveYears2022-04-012023-03-3111899798core:Non-currentFinancialInstruments2023-03-3111899798core:Non-currentFinancialInstruments2022-03-3111899798dpl:CostSales2022-04-012023-03-3111899798dpl:DistributionCosts2022-04-012023-03-3111899798core:LandBuildings2022-04-012023-03-3111899798core:PlantMachinery2022-04-012023-03-3111899798core:Vehicles2022-04-012023-03-3111899798core:FurnitureFittings2022-04-012023-03-3111899798core:OfficeEquipment2022-04-012023-03-3111899798dpl:AdministrativeExpenses2022-04-012023-03-3111899798core:NetGoodwill2022-04-012023-03-3111899798core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3111899798dpl:GroupUndertakings2022-04-012023-03-3111899798dpl:ParticipatingInterests2022-04-012023-03-3111899798dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3111899798core:ListedExchangeTraded2022-04-012023-03-3111899798dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3111899798core:UnlistedNon-exchangeTraded2022-04-012023-03-3111899798dpl:CostSales2021-04-012022-03-3111899798dpl:DistributionCosts2021-04-012022-03-3111899798core:LandBuildings2021-04-012022-03-3111899798core:PlantMachinery2021-04-012022-03-3111899798core:Vehicles2021-04-012022-03-3111899798core:FurnitureFittings2021-04-012022-03-3111899798core:OfficeEquipment2021-04-012022-03-3111899798dpl:AdministrativeExpenses2021-04-012022-03-3111899798core:NetGoodwill2021-04-012022-03-3111899798core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3111899798dpl:GroupUndertakings2021-04-012022-03-3111899798dpl:ParticipatingInterests2021-04-012022-03-3111899798dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3111899798core:ListedExchangeTraded2021-04-012022-03-3111899798dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3111899798core:UnlistedNon-exchangeTraded2021-04-012022-03-3111899798core:NetGoodwill2023-03-3111899798core:IntangibleAssetsOtherThanGoodwill2023-03-3111899798core:LandBuildings2023-03-3111899798core:PlantMachinery2023-03-3111899798core:Vehicles2023-03-3111899798core:FurnitureFittings2023-03-3111899798core:OfficeEquipment2023-03-3111899798core:AfterOneYear2023-03-3111899798core:WithinOneYear2023-03-3111899798core:ListedExchangeTraded2023-03-3111899798core:UnlistedNon-exchangeTraded2023-03-3111899798core:ShareCapital2023-03-3111899798core:SharePremium2023-03-3111899798core:RevaluationReserve2023-03-3111899798core:OtherReservesSubtotal2023-03-3111899798core:RetainedEarningsAccumulatedLosses2023-03-3111899798core:NetGoodwill2022-03-3111899798core:IntangibleAssetsOtherThanGoodwill2022-03-3111899798core:LandBuildings2022-03-3111899798core:PlantMachinery2022-03-3111899798core:Vehicles2022-03-3111899798core:FurnitureFittings2022-03-3111899798core:OfficeEquipment2022-03-3111899798core:AfterOneYear2022-03-3111899798core:WithinOneYear2022-03-3111899798core:ListedExchange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JYB KLASSI LTD

Registered Number
11899798
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

JYB KLASSI LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

BAEK, Eun Ok
JEONG, Youn Bok

Registered Address

10 Bedford Corner The Avenue
Chiswick
W4 1LZ

Registered Number

11899798 (England and Wales)
JYB KLASSI LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6434,43616,423
434,43616,423
Current assets
Debtors84,6737,750
Cash at bank and on hand27,995120,432
32,668128,182
Creditors amounts falling due within one year9(119,606)(41,332)
Net current assets (liabilities)(86,938)86,850
Total assets less current liabilities347,498103,273
Creditors amounts falling due after one year10(264,352)(50,000)
Provisions for liabilities11(4,277)(3,120)
Net assets78,86950,153
Capital and reserves
Called up share capital100100
Profit and loss account78,76950,053
Shareholders' funds78,86950,153
The financial statements were approved and authorised for issue by the Board of Directors on 27 October 2023, and are signed on its behalf by:
BAEK, Eun Ok
Director
JEONG, Youn Bok
Director

Registered Company No. 11899798
JYB KLASSI LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of Hairdressing.
4.Accounting policies
Turnover policy
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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings2
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
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.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year46
6.Property, plant and equipment

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 22-5,07216,69713,20534,974
Additions420,3301,23112,167195433,923
At 31 March 23420,3306,30328,86413,400468,897
Depreciation and impairment
At 01 April 22-2,66210,3635,52618,551
Charge for year8,4079104,6251,96815,910
At 31 March 238,4073,57214,9887,49434,461
Net book value
At 31 March 23411,9232,73113,8765,906434,436
At 31 March 22-2,4106,3347,67916,423
7.Description of nature of transactions and balances with related parties
The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.
8.Debtors

2023

2022

££
Trade debtors / trade receivables2,7501,250
Prepayments and accrued income1,9236,500
Total4,6737,750
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables1,8972,754
Taxation and social security29,96629,447
Other creditors87,7439,131
Total119,60641,332
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts264,35250,000
Total264,35250,000
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)4,2773,120
Total4,2773,120