Registered number
12747009
Jeannie-Us Perfumes Limited
Unaudited Filleted Accounts
31 July 2023
Jeannie-Us Perfumes Limited
Registered number: 12747009
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,360 3,055
Current assets
Stocks 4,000 2,000
Debtors 4 - 1,988
Cash at bank and in hand 14,344 4,134
18,344 8,122
Creditors: amounts falling due within one year 5 (20,119) (10,882)
Net current liabilities (1,775) (2,760)
Net assets 585 295
Capital and reserves
Called up share capital 1 1
Profit and loss account 584 294
Shareholder's funds 585 295
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
JM Anderton
Director
Approved by the board on 14 November 2023
Jeannie-Us Perfumes Limited
Notes to the Accounts
for the year ended 31 July 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computers 33% straight line
Fixtures, fittings and office equipment 15% straight line
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 4,407
At 31 July 2023 4,407
Depreciation
At 1 August 2022 1,352
Charge for the year 695
At 31 July 2023 2,047
Net book value
At 31 July 2023 2,360
At 31 July 2022 3,055
4 Debtors 2023 2022
£ £
Other debtors - 1,988
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 5,531 1,887
Other creditors 14,588 8,995
20,119 10,882
6 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 6,490 6,490
7 Other information
Jeannie-Us Perfumes Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Prince Albert Terrace
Norton Bridge
Stone
Staffordshire
ST15 0NU
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