Registered number
07306435
Jurad Ltd
Filleted Accounts
30 June 2023
Jurad Ltd
Registered number: 07306435
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,408 25,235
Current assets
Debtors 4 31,276 45,998
Creditors: amounts falling due within one year 5 (97,404) (120,672)
Net current liabilities (66,128) (74,674)
Total assets less current liabilities (46,720) (49,439)
Creditors: amounts falling due after more than one year 6 (22,261) (33,126)
Net liabilities (68,981) (82,565)
Capital and reserves
Called up share capital 100 100
Profit and loss account (69,081) (82,665)
Shareholders' funds (68,981) (82,565)
The directors are 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 directors acknowledge their 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.
Mr R Dabek
Director
Approved by the board on 27 March 2024
Jurad Ltd
Notes to the Accounts
for the year ended 30 June 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 rendering of services. 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.
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:
Plant and machinery over 5 years
Motor Vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Going concern
The accounts have been prepared on a going concern basis; all operations are continuing operations. The directors expect the business to return to profitability in the coming year, they will continue to support the company for at least twelve months after the date on which the Accounts were approved.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 36,631 29,307 65,938
Additions 1,234 - 1,234
At 30 June 2023 37,865 29,307 67,172
Depreciation
At 1 July 2022 20,379 20,324 40,703
Charge for the year 4,283 2,778 7,061
At 30 June 2023 24,662 23,102 47,764
Net book value
At 30 June 2023 13,203 6,205 19,408
At 30 June 2022 16,252 8,983 25,235
4 Debtors 2023 2022
£ £
Total 31,276 45,998
5 Creditors: amounts falling due within one year 2023 2022
£ £
Total 97,404 120,672
6 Creditors: amounts falling due after one year 2023 2022
£ £
Total 22,261 33,126
7 Other information
Jurad Ltd is a private company limited by shares and incorporated in England. Its registered office is:
30 Capers Close
Enderby
Leicester
LE19 4QD
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