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REGISTERED NUMBER: 06546048 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

JALAL & SONS LIMITED

JALAL & SONS LIMITED (REGISTERED NUMBER: 06546048)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JALAL & SONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: Z M Jalal





SECRETARY:





REGISTERED OFFICE: 348A Bearwood Road
Smethwick
West Midlands
B66 4ES





REGISTERED NUMBER: 06546048 (England and Wales)





ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

JALAL & SONS LIMITED (REGISTERED NUMBER: 06546048)

ABRIDGED BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 46,164
Tangible assets 5 14,017 19,638
14,017 65,802

CURRENT ASSETS
Stocks 53,039 50,546
Debtors 324,577 321,086
Cash at bank and in hand 170,774 387,156
548,390 758,788
CREDITORS
Amounts falling due within one year 302,089 481,803
NET CURRENT ASSETS 246,301 276,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,318

342,787

CREDITORS
Amounts falling due after more than one year (125,000 ) (225,000 )

PROVISIONS FOR LIABILITIES 7 (2,663 ) (3,731 )
NET ASSETS 132,655 114,056

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 132,555 113,956
SHAREHOLDERS' FUNDS 132,655 114,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JALAL & SONS LIMITED (REGISTERED NUMBER: 06546048)

ABRIDGED BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 February 2024 and were signed by:





Z M Jalal - Director


JALAL & SONS LIMITED (REGISTERED NUMBER: 06546048)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Jalal & Sons Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2009 and 2014, are being amortised evenly over their estimated useful lives of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 11 ) .

JALAL & SONS LIMITED (REGISTERED NUMBER: 06546048)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 509,750
AMORTISATION
At 1 April 2022 463,586
Amortisation for year 46,164
At 31 March 2023 509,750
NET BOOK VALUE

At 31 March 2023 -
At 31 March 2022 46,164

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 57,273
DEPRECIATION
At 1 April 2022 37,635
Charge for year 5,621
At 31 March 2023 43,256
NET BOOK VALUE
At 31 March 2023 14,017
At 31 March 2022 19,638

6. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Other loans 24,853 239,274

Amounts falling due between one and two years:
Other loans - 1-2 years 25,000 75,000
Directors Loans 2 -5 years 50,000 50,000
75,000 125,000

JALAL & SONS LIMITED (REGISTERED NUMBER: 06546048)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. LOANS - continued
2023 2022
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years - 50,000
Directors loans 1-2 years 50,000 50,000
50,000 100,000

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,663 3,731

Deferred
tax
£   
Balance at 1 April 2022 3,731
Accelerated capital allowances (1,068 )
Balance at 31 March 2023 2,663

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2022 113,956
Profit for the year 18,599
At 31 March 2023 132,555