Registered number
SC605571
Jess Art Limited
Filleted Accounts
31 August 2023
Jess Art Limited
Registered number: SC605571
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 27,659 29,210
Current assets
Stocks 7,905 4,800
Cash at bank and in hand 11,376 3,367
19,281 8,167
Creditors: amounts falling due within one year 4 (3,440) (360)
Net current assets 15,841 7,807
Total assets less current liabilities 43,500 37,017
Creditors: amounts falling due after more than one year 5 - (7,000)
Net assets 43,500 30,017
Capital and reserves
Called up share capital 2 2
Profit and loss account 43,498 30,015
Shareholders' funds 43,500 30,017
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.
Graeme Kilminster
Director
Approved by the board on 3 November 2023
Jess Art Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 19,199 25,194 44,393
Additions 8,488 - 8,488
At 31 August 2023 27,687 25,194 52,881
Depreciation
At 1 September 2022 10,144 5,039 15,183
Charge for the year 5,000 5,039 10,039
At 31 August 2023 15,144 10,078 25,222
Net book value
At 31 August 2023 12,543 15,116 27,659
At 31 August 2022 9,055 20,155 29,210
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 360 360
Taxation and social security costs 3,080 -
3,440 360
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - 7,000
6 Other information
Jess Art Limited is a private company limited by shares and incorporated in England. Its registered office is:
24 Lewis Drive
Sheddocksley
Aberdeen
Aberdeenshire
AB16 6WQ
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