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Company Registration No. 07853911 (England and Wales)
JC UNIQUE LTD Unaudited accounts for the year ended 30 November 2022
JC UNIQUE LTD Unaudited accounts Contents
Page
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JC UNIQUE LTD Company Information for the year ended 30 November 2022
Director
Peng CAO
Company Number
07853911 (England and Wales)
Registered Office
JC UNIQUE UNIT 14 PICCADILLY TRADING EST GIDDINGS ROAD MANCHESTER - M1 2NP UNITED KINGDOM
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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JC UNIQUE LTD Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,886 
10,432 
Current assets
Inventories
756,212 
678,713 
Debtors
401,803 
336,053 
Cash at bank and in hand
11,247 
105,811 
1,169,262 
1,120,577 
Creditors: amounts falling due within one year
(844,879)
(807,770)
Net current assets
324,383 
312,807 
Total assets less current liabilities
344,269 
323,239 
Creditors: amounts falling due after more than one year
(42,500)
(50,000)
Net assets
301,769 
273,239 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
301,767 
273,237 
Shareholders' funds
301,769 
273,239 
For the year ending 30 November 2022 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2023 and were signed on its behalf by
Peng CAO Director Company Registration No. 07853911
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JC UNIQUE LTD Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
JC UNIQUE LTD is a private company, limited by shares, registered in England and Wales, registration number 07853911. The registered office is JC UNIQUE UNIT 14 PICCADILLY TRADING EST, GIDDINGS ROAD, MANCHESTER, -, M1 2NP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% diminishing balance method.
Fixtures & fittings
20% diminishing balance method.
Computer equipment
25% diminishing balance method.
Government grants
Government grants in relation to job retention scheme and local council authority are credited to profit and loss account, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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JC UNIQUE LTD Notes to the Accounts for the year ended 30 November 2022
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2021
7,000 
34,499 
1,348 
42,847 
Additions
13,600 
- 
947 
14,547 
At 30 November 2022
20,600 
34,499 
2,295 
57,394 
Depreciation
At 1 December 2021
2,520 
29,558 
337 
32,415 
Charge for the year
3,616 
988 
489 
5,093 
At 30 November 2022
6,136 
30,546 
826 
37,508 
Net book value
At 30 November 2022
14,464 
3,953 
1,469 
19,886 
At 30 November 2021
4,480 
4,941 
1,011 
10,432 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
323,991 
261,478 
Accrued income and prepayments
13,212 
9,975 
Other debtors
64,600 
64,600 
401,803 
336,053 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
6,314 
- 
VAT
76,928 
79,081 
Trade creditors
724,715 
693,987 
Taxes and social security
36,922 
34,702 
844,879 
807,770 
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JC UNIQUE LTD Notes to the Accounts for the year ended 30 November 2022
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
42,500 
50,000 
8
Average number of employees
During the year the average number of employees was 10 (2021: 10).
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