Company Registration No. 09042796 (England and Wales)
JKN Surveys Limited
Unaudited accounts
for the year ended 31 May 2023
JKN Surveys Limited
Unaudited accounts
Contents
JKN Surveys Limited
Company Information
for the year ended 31 May 2023
Company Number
09042796 (England and Wales)
Registered Office
6 VINE STREET
LINCOLN
LINCOLNSHIRE
LN2 5HZ
Accountants
Kate Dodd Accounting Services
4 Warren Lane
Witham St Hughs
Lincoln
LN6 9US
JKN Surveys Limited
Statement of financial position
as at 31 May 2023
Tangible assets
4,679
6,239
Cash at bank and in hand
96,125
47,329
Creditors: amounts falling due within one year
(62,867)
(49,613)
Net current assets
59,374
7,122
Called up share capital
100
100
Profit and loss account
63,953
13,261
Shareholders' funds
64,053
13,361
For the year ending 31 May 2023 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 18 April 2024 and were signed on its behalf by
Mr N Jenkinson
Director
Company Registration No. 09042796
JKN Surveys Limited
Notes to the Accounts
for the year ended 31 May 2023
JKN Surveys Limited is a private company, limited by shares, registered in England and Wales, registration number 09042796. The registered office is 6 VINE STREET, LINCOLN, LINCOLNSHIRE, LN2 5HZ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
JKN Surveys Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
10,000
19,930
1,484
31,414
At 31 May 2023
10,000
19,930
1,484
31,414
At 1 June 2022
5,781
17,910
1,484
25,175
Charge for the year
1,055
505
-
1,560
At 31 May 2023
6,836
18,415
1,484
26,735
At 31 May 2023
3,164
1,515
-
4,679
At 31 May 2022
4,219
2,020
-
6,239
Amounts falling due within one year
Accrued income and prepayments
1,051
1,015
Other debtors
23,635
6,516
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
11,475
-
Loans from directors
50,692
48,813
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).