IRIS Accounts Production v23.3.1.45 SC306168 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3061682022-08-31SC3061682023-08-31SC3061682022-09-012023-08-31SC3061682021-08-31SC3061682021-09-012022-08-31SC3061682022-08-31SC306168ns10:Originalns15:Scotland2022-09-012023-08-31SC306168ns14:PoundSterlingns10:Original2022-09-012023-08-31SC306168ns10:Originalns10:Director12022-09-012023-08-31SC306168ns10:Original2022-09-012023-08-31SC306168ns10:Original2023-08-31SC306168ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-31SC306168ns10:Originalns10:SmallEntities2022-09-012023-08-31SC306168ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-31SC306168ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-31SC306168ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-31SC306168ns10:Originalns10:FullAccounts2022-09-012023-08-31SC306168ns10:Originalns10:Director22022-09-012023-08-31SC306168ns10:Originalns10:RegisteredOffice2022-09-012023-08-31SC306168ns10:Original2022-08-31SC306168ns10:Originalns5:CurrentFinancialInstruments2023-08-31SC306168ns10:Originalns5:CurrentFinancialInstruments2022-08-31SC306168ns5:ShareCapitalns10:Original2023-08-31SC306168ns5:ShareCapitalns10:Original2022-08-31SC306168ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-31SC306168ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-31SC306168ns10:Originalns5:FurnitureFittings2022-09-012023-08-31SC306168ns10:Originalns5:ComputerEquipment2022-09-012023-08-31SC306168ns10:Original2021-09-012022-08-31SC306168ns10:Originalns5:FurnitureFittings2022-08-31SC306168ns10:Originalns5:ComputerEquipment2022-08-31SC306168ns10:Original2022-08-31SC306168ns10:Originalns5:FurnitureFittings2023-08-31SC306168ns10:Originalns5:ComputerEquipment2023-08-31SC306168ns10:Originalns5:FurnitureFittings2022-08-31SC306168ns10:Originalns5:ComputerEquipment2022-08-31SC306168ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-31SC306168ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: SC306168 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

JKL Technology Ltd.

JKL Technology Ltd. (Registered number: SC306168)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JKL Technology Ltd.

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr W B McNeil
Mrs A McNeil





REGISTERED OFFICE: 47 St Peter Street
Peterhead
Aberdeenshire
AB42 1QD





REGISTERED NUMBER: SC306168 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

JKL Technology Ltd. (Registered number: SC306168)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 221 390

CURRENT ASSETS
Debtors 5 18,935 76,883
Cash at bank 145,431 34,742
164,366 111,625
CREDITORS
Amounts falling due within one year 6 48,437 22,883
NET CURRENT ASSETS 115,929 88,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,150

89,132

PROVISIONS FOR LIABILITIES 53 74
NET ASSETS 116,097 89,058

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 116,094 89,055
SHAREHOLDERS' FUNDS 116,097 89,058

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

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

The directors acknowledge their 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.

JKL Technology Ltd. (Registered number: SC306168)

Balance Sheet - continued
31 August 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





Mr W B McNeil - Director


JKL Technology Ltd. (Registered number: SC306168)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

JKL Technology Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office furnishings - 20% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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

Current 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

JKL Technology Ltd. (Registered number: SC306168)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Office Computer
furnishings equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 654 730 1,384
DEPRECIATION
At 1 September 2022 378 616 994
Charge for year 55 114 169
At 31 August 2023 433 730 1,163
NET BOOK VALUE
At 31 August 2023 221 - 221
At 31 August 2022 276 114 390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Amounts recoverable on contract 18,700 16,593
Other debtors - 60,000
Accrued income - 55
Prepayments 235 235
18,935 76,883

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 42,950 19,062
Other creditors 5,487 3,821
48,437 22,883

7. RELATED PARTY DISCLOSURES

Last year the company made a loan of £60,000 to Mr David G McNeil, Brother of the Director Mr William B McNeil. Interest was charged at the official interest rate and the loan was fully repaid this year.