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REGISTERED NUMBER: 04627803 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

JUSKO LTD

JUSKO LTD (REGISTERED NUMBER: 04627803)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Balance sheet 1

Notes to the financial statements 2


JUSKO LTD (REGISTERED NUMBER: 04627803)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,315 4,840

Current assets
Stocks 150 150
Debtors 5 1,382 928
Cash at bank 58,633 58,101
60,165 59,179
Creditors
Amounts falling due within one year 6 25,727 20,876
Net current assets 34,438 38,303
Total assets less current liabilities 38,753 43,143

Creditors
Amounts falling due after more than one year 7 (25,833 ) (36,148 )

Provisions for liabilities 8 (820 ) (944 )
Net assets 12,100 6,051

Capital and reserves
Called up share capital 9 2 2
Retained earnings 12,098 6,049
Shareholders' funds 12,100 6,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:




Mr K McKernon - Director


JUSKO LTD (REGISTERED NUMBER: 04627803)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. Statutory information

Jusko Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04627803. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 4 Heath Road, Hordle, Lymington, Hants, SO41 0GG.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable, excluding value added tax, in respect of carpentry and building services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

JUSKO LTD (REGISTERED NUMBER: 04627803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2022 3,363 3,807 20,568 2,674 30,412
Additions 660 - - 424 1,084
Disposals (1,106 ) (3,162 ) - - (4,268 )
At 31 March 2023 2,917 645 20,568 3,098 27,228
Depreciation
At 1 April 2022 2,630 3,694 17,823 1,425 25,572
Charge for year 311 23 686 418 1,438
Eliminated on disposal (958 ) (3,139 ) - - (4,097 )
At 31 March 2023 1,983 578 18,509 1,843 22,913
Net book value
At 31 March 2023 934 67 2,059 1,255 4,315
At 31 March 2022 733 113 2,745 1,249 4,840

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 529 -
VAT 397 503
Prepayments and accrued income 456 425
1,382 928

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,000 9,685
Trade creditors 446 2,228
Tax 10,350 6,235
Social security and other taxes 676 880
Directors' current accounts 2,262 173
Accruals and deferred income 1,993 1,675
25,727 20,876

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 10,000 9,892
Bank loans - 2-5 years 15,833 26,256
25,833 36,148

JUSKO LTD (REGISTERED NUMBER: 04627803)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 820 944

Deferred
tax
£   
Balance at 1 April 2022 944
Provided during year (124 )
Balance at 31 March 2023 820

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary 1p 2 2
1 'A' Ordinary 1p - -
2 2

10. Ultimate controlling party

The director Mr K McKernon holds 51% of the share capital and is therefore deemed to have ultimate control of the company.