Registered number
SC728413
JSSK RETAIL LTD
23 Adamton Road North
Prestwick
Filleted Accounts
for the period from 4 April 2022 to 31 July 2023
Yousaf & Co Ltd
Chartered Certified Accountants
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref: J082/TG
JSSK RETAIL LTD
Registered number: SC728413
Balance Sheet
as at 31 July 2023
Notes
£
Fixed assets
Tangible assets 3 250,957
Current assets
Stocks 65,814
Debtors 4 5,000
Cash at bank and in hand 37,759
108,573
Creditors: amounts falling due within one year 5 (111,002)
Net current assets/(liabilities) (2,429)
Total assets less current liabilities 248,528
Creditors: amounts falling due after more than one year 6 (203,373)
Net assets 45,155
Capital and reserves
Called up share capital 100
Profit and loss account 45,055
Shareholders' funds 45,155
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Kulwinder Kaur
Director
Approved by the board on 8 February 2024
JSSK RETAIL LTD
Notes to the Accounts
for the period from 4 April 2022 to 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price).
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees
Number
Average number of persons employed by the company 6
3 Tangible fixed assets
Renovation & Extention Fixtures & Fittings Total
£ £ £
Cost
Additions 134,000 129,952 263,952
At 31 July 2023 134,000 129,952 263,952
Depreciation
Charge for the period - 12,995 12,995
At 31 July 2023 - 12,995 12,995
Net book value
At 31 July 2023 134,000 116,957 250,957
4 Debtors
£
Other debtors 5,000
5 Creditors: amounts falling due within one year
£
Trade creditors 75,469
Taxation and social security costs 19,020
Other creditors 16,513
111,002
6 Creditors: amounts falling due after one year
£
Directors loan account 167,530
Other creditors 35,843
203,373
JSSK RETAIL LTD SC728413 false 2022-04-04 2023-07-31 2023-07-31 VT Final Accounts April 2022 Mrs Kulwinder Kaur No description of principal activity SC728413 2022-04-04 2023-07-31 SC728413 bus:PrivateLimitedCompanyLtd 2022-04-04 2023-07-31 SC728413 bus:AuditExemptWithAccountantsReport 2022-04-04 2023-07-31 SC728413 bus:Director40 2022-04-04 2023-07-31 SC728413 1 2022-04-04 2023-07-31 SC728413 2 2022-04-04 2023-07-31 SC728413 core:LandBuildings 2022-04-04 2023-07-31 SC728413 core:PlantMachinery 2022-04-04 2023-07-31 SC728413 bus:FRS102 2022-04-04 2023-07-31 SC728413 bus:FullAccounts 2022-04-04 2023-07-31 SC728413 2023-07-31 SC728413 core:WithinOneYear 2023-07-31 SC728413 core:AfterOneYear 2023-07-31 SC728413 core:ShareCapital 2023-07-31 SC728413 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC728413 core:LandBuildings 2023-07-31 SC728413 core:PlantMachinery 2023-07-31 SC728413 2022-04-03 iso4217:GBP xbrli:pure