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REGISTERED NUMBER: 09383376















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

JTOL LTD

JTOL LTD (REGISTERED NUMBER: 09383376)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JTOL LTD

COMPANY INFORMATION
for the Year Ended 31st January 2024







DIRECTORS: Mrs R M Watkins
Mr D J Watkins





REGISTERED OFFICE: 12 Dale Road
Riverside
Redditch
B98 8HJ





REGISTERED NUMBER: 09383376





ACCOUNTANTS: SAS Accountant Ltd t/as OJW Associates
16 Hennals Avenue
Webheath
Redditch
Worcestershire
B97 5RX

JTOL LTD (REGISTERED NUMBER: 09383376)

BALANCE SHEET
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,945 5,194

CURRENT ASSETS
Debtors 5 197,303 61,937
Cash at bank 62,242 25,230
259,545 87,167
CREDITORS
Amounts falling due within one year 6 216,164 71,610
NET CURRENT ASSETS 43,381 15,557
TOTAL ASSETS LESS CURRENT LIABILITIES 54,326 20,751

PROVISIONS FOR LIABILITIES 7 2,082 1,008
NET ASSETS 52,244 19,743

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 52,144 19,643
SHAREHOLDERS' FUNDS 52,244 19,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

JTOL LTD (REGISTERED NUMBER: 09383376)

BALANCE SHEET - continued
31st January 2024


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 12th April 2024 and were signed on its behalf by:





Mr D J Watkins - Director


JTOL LTD (REGISTERED NUMBER: 09383376)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2024


1. STATUTORY INFORMATION

JTOL Ltd is a private company, limited by shares , registered in Not specified/Other. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

JTOL LTD (REGISTERED NUMBER: 09383376)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st February 2023 16,255 13,159 29,414
Additions - 13,495 13,495
At 31st January 2024 16,255 26,654 42,909
DEPRECIATION
At 1st February 2023 15,132 9,088 24,220
Charge for year 829 6,915 7,744
At 31st January 2024 15,961 16,003 31,964
NET BOOK VALUE
At 31st January 2024 294 10,651 10,945
At 31st January 2023 1,123 4,071 5,194

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,222 12,960
Other debtors 703 -
VAT 1,193 -
Prepayments 190,185 48,977
197,303 61,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,965 1,528
Tax 19,073 6,985
Social security and other taxes - 624
Pension payable 80 80
VAT - 2,930
Other creditors 2 -
Directors' loan accounts 187 2,225
Accruals and deferred income 172,857 57,238
216,164 71,610

JTOL LTD (REGISTERED NUMBER: 09383376)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2024


7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 2,082 1,008

Deferred
tax
£   
Balance at 1st February 2023 1,008
Provided during year 1,074
Balance at 31st January 2024 2,082

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
94 Ordinary £1 94 94
2 Ordinary A £1 2 2
2 Ordinary B £1 2 2
2 Ordinary C £1 2 2
100 100