5 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 5,687 3,630 1,566 5,196 491 2,057 xbrli:pure xbrli:shares iso4217:GBP 10464536 2022-12-01 2023-11-30 10464536 2023-11-30 10464536 2022-11-30 10464536 2021-12-01 2022-11-30 10464536 2022-11-30 10464536 2021-11-30 10464536 bus:Director1 2022-12-01 2023-11-30 10464536 core:WithinOneYear 2023-11-30 10464536 core:WithinOneYear 2022-11-30 10464536 core:AfterOneYear 2023-11-30 10464536 core:AfterOneYear 2022-11-30 10464536 core:ShareCapital 2023-11-30 10464536 core:ShareCapital 2022-11-30 10464536 core:RetainedEarningsAccumulatedLosses 2023-11-30 10464536 core:RetainedEarningsAccumulatedLosses 2022-11-30 10464536 bus:Director1 2022-11-30 10464536 bus:Director1 2023-11-30 10464536 bus:Director1 2022-11-30 10464536 bus:Director1 2021-12-01 2022-11-30 10464536 bus:SmallEntities 2022-12-01 2023-11-30 10464536 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10464536 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10464536 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10464536 bus:FullAccounts 2022-12-01 2023-11-30 10464536 core:OfficeEquipment 2022-12-01 2023-11-30 10464536 core:OfficeEquipment 2023-11-30 10464536 core:OfficeEquipment 2022-11-30
COMPANY REGISTRATION NUMBER: 10464536
JKDRG LTD
Filleted Unaudited Financial Statements
30 November 2023
JKDRG LTD
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
491
2,057
Current assets
Debtors
6
64,962
24,759
Cash at bank and in hand
43,167
73,769
---------
--------
108,129
98,528
Creditors: amounts falling due within one year
7
60,515
44,269
---------
--------
Net current assets
47,614
54,259
--------
--------
Total assets less current liabilities
48,105
56,316
Creditors: amounts falling due after more than one year
8
13,500
22,500
--------
--------
Net assets
34,605
33,816
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
34,505
33,716
--------
--------
Shareholders funds
34,605
33,816
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JKDRG LTD
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 26 February 2024 , and are signed on behalf of the board by:
Mr R C Greenland
Director
Company registration number: 10464536
JKDRG LTD
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Royal Exchange, London, EC3V 3DG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for commission, stated net of discounts and of Value Added Tax. 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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 3 ).
5. Tangible assets
Equipment
£
Cost
At 1 December 2022 and 30 November 2023
5,687
-------
Depreciation
At 1 December 2022
3,630
Charge for the year
1,566
-------
At 30 November 2023
5,196
-------
Carrying amount
At 30 November 2023
491
-------
At 30 November 2022
2,057
-------
6. Debtors
2023
2022
£
£
Trade debtors
55,893
24,230
Other debtors
9,069
529
--------
--------
64,962
24,759
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
9,000
9,000
Trade creditors
641
2,538
Corporation tax
1,196
3,402
Social security and other taxes
21,379
10,017
Wages control account
5,476
3,301
Other creditors
22,823
16,011
--------
--------
60,515
44,269
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
13,500
22,500
--------
--------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr R C Greenland
( 3,467)
( 2,043)
( 5,510)
-------
-------
-------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr R C Greenland
( 3,467)
( 3,467)
----
-------
-------