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Jiva's Ltd
Registered Number:06554383
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
Jiva's Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06554383
As at 28 February 2023
Jiva's Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
32,237
32,237
3
Property, plant and equipment
14,813
16,135
4
47,050
48,372
Current assets
Inventories
47,630
40,493
5
Trade and other receivables
10,924
3,977
6
11,701
Cash and cash equivalents
10,777
55,247
70,255
Trade and other payables: amounts falling due within one
year
(36,759)
(37,343)
7
33,496
17,904
Net current assets
Total assets less current liabilities
64,954
81,868
Trade and other payables: amounts falling due after more
than one year
(34,636)
(23,004)
8
41,950
Net assets
47,232
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
40,950
46,232
41,950
47,232
Shareholders' funds
For the year ended 28 February 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
06554383
For the year ended 28 February 2023
Jiva's Ltd
Statement of Financial Position Continued
Irfan Jiva Director
These financial statements were approved and authorised for issue by the Board on 27 November 2023 and were signed by:
The notes form part of these financial statements
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5
For the year ended 28 February 2023
Jiva's Ltd
Notes to the Financial Statements
Statutory Information
Jiva's Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
06554383.
Registered address:
40 Haveley Road
Benchill
Wythenshawe
Manchester
M22 8ET
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
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:
25 Straight line
Computer equipment
20 Straight line
Motor vehicles
10 Straight line
Fixtures and fittings
Inventories
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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6
For the year ended 28 February 2023
Jiva's Ltd
Notes to the Financial Statements Continued
3. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 March 2022
32,237
At 28 February 2023
32,237
Net book value
At 28 February 2023
32,237
At 28 February 2022
32,237
4. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 March 2022
35,835
2,612
13,446
19,777
4,900
1,440
3,460
-
Additions
At 28 February 2023
19,777
16,906
4,052
40,735
Provision for depreciation and impairment
At 01 March 2022
19,700
1,435
6,400
11,865
Charge for year
6,222
782
1,485
3,955
At 28 February 2023
25,922
2,217
7,885
15,820
At 28 February 2023
Net book value
3,957
9,021
1,835
14,813
At 28 February 2022
7,912
7,046
1,177
16,135
5. Inventories
2022
2023
£
£
Stocks
40,493
47,630
6. Trade and other receivables
2022
2023
£
£
Trade debtors
3,884
3,318
Other debtors
93
7,606
10,924
3,977
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7
For the year ended 28 February 2023
Jiva's Ltd
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
10,000
10,000
Trade creditors
7,810
9,162
Taxation and social security
2,877
8,310
Other creditors
16,656
9,287
37,343
36,759
8. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
23,004
32,642
Other creditors
-
1,994
23,004
34,636
9. Average number of persons employed
During the year the average number of employees was 8 (2022 : 6)
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