JK WORLDWIDE LTD

Company Registration Number:
11502298 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

JK WORLDWIDE LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

JK WORLDWIDE LTD

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£

£
Turnover: 7,521,985 5,039,484
Cost of sales: ( 5,321,678 ) ( 3,657,541 )
Gross profit(or loss): 2,200,307 1,381,943
Distribution costs: ( 185,245 ) ( 133,943 )
Administrative expenses: ( 327,985 ) ( 218,595 )
Operating profit(or loss): 1,687,077 1,029,405
Profit(or loss) before tax: 1,687,077 1,029,405
Tax: ( 320,544 ) ( 163,243 )
Profit(or loss) for the financial year: 1,366,533 866,162

JK WORLDWIDE LTD

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,722,584 1,232,737
Total fixed assets: 1,722,584 1,232,737
Current assets
Stocks: 4 1,120,054 576,869
Debtors: 5 1,472,354 903,847
Cash at bank and in hand: 425,558 394,058
Total current assets: 3,017,966 1,874,774
Creditors: amounts falling due within one year: 6 ( 611,264 ) ( 344,758 )
Net current assets (liabilities): 2,406,702 1,530,016
Total assets less current liabilities: 4,129,286 2,762,753
Total net assets (liabilities): 4,129,286 2,762,753
Capital and reserves
Called up share capital: 100,000 100,000
Profit and loss account: 4,029,286 2,662,753
Total Shareholders' funds: 4,129,286 2,762,753

The notes form part of these financial statements

JK WORLDWIDE LTD

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 5 March 2024
and signed on behalf of the board by:

Name: Julian Kemp
Status: Director

The notes form part of these financial statements

JK WORLDWIDE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

JK WORLDWIDE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 15 9

JK WORLDWIDE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 932,879 106,900 80,281 40,659 308,781 1,469,500
Additions 425,000 45,728 32,449 45,748 209,242 758,167
Disposals
Revaluations
Transfers
At 31 August 2023 1,357,879 152,628 112,730 86,407 518,023 2,227,667
Depreciation
At 1 September 2022 27,150 31,310 27,442 150,861 236,763
Charge for year 40,525 42,546 21,645 163,604 268,320
On disposals
Other adjustments
At 31 August 2023 67,675 73,856 49,087 314,465 505,083
Net book value
At 31 August 2023 1,357,879 84,953 38,874 37,320 203,558 1,722,584
At 31 August 2022 932,879 79,750 48,971 13,217 157,920 1,232,737

JK WORLDWIDE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Stocks

2023 2022
£ £
Stocks 1,120,054 576,869
Total 1,120,054 576,869

JK WORLDWIDE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Debtors

2023 2022
£ £
Trade debtors 1,472,354 903,847
Total 1,472,354 903,847

JK WORLDWIDE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 290,720 181,515
Taxation and social security 320,544 163,243
Total 611,264 344,758