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Registered Number: 05345317
England and Wales

 

 

 

J & S VENTURE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Accountants report
You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................
Truetax Ltd
467 GREAT HORTON ROAD
BRADFORD
BD7 3DL
04 November 2023
1
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 4 667,504 
667,504 
Current assets    
Stocks 12,680 
Debtors 57,982 
Cash at bank and in hand 138,072 
208,734 
Creditors: amount falling due within one year (383,437)
Net current liabilities (174,703)
 
Total assets less current liabilities 492,801 
Creditors: amount falling due after more than one year (948,226)
Net liabilities (455,425)
 

Capital and reserves
   
Called up share capital 5 100 
Profit and loss account (455,525)
Shareholder's funds (455,425)
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 04 November 2023 and were signed on its behalf by:


-------------------------------
MR JAYANTILAL RANCHHODJI PATEL
Director
2
General Information
J & S VENTURE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05345317, registration address POPLAR FARM BAGLEY LANE, FARSLEY PUDSEY, LEEDS, WEST YORKSHIRE, LS28 5LY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20 Reducing Balance
Motor Vehicles 20 Reducing Balance
Fixtures and Fittings 20 Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Directors' Emoluments

2023
£
Administrative Expenses
Directors Salaries 6,566 
6,566 

3.

Average number of employees

Average number of employees during the year was 68.
4.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £   £
At 01 April 2022   69,609    25,825    1,718,965    1,814,399 
Additions 201,960    1,074      195,646    398,680 
Disposals        
At 31 March 2023 201,960    70,683    25,825    1,914,611    2,213,079 
Depreciation
At 01 April 2022   50,313    5,165    1,374,221    1,429,699 
Charge for year   4,074    3,724    108,078    115,876 
On disposals        
At 31 March 2023   54,387    8,889    1,482,299    1,545,575 
Net book values
Closing balance as at 31 March 2023 201,960    16,296    16,936    432,312    667,504 
Opening balance as at 01 April 2022   19,296    20,660    344,744    384,700 


5.

Share Capital

Authorised
100,000 Class shares of £1.00 each
Allotted, called up and fully paid
2023
£
100 Class shares of £1.00 each 100 
100 

3