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Registered number: 08894866
Jade Hoses & Accessories Limited
Unaudited Financial Statements
For the Period 1 July 2023 to 31 March 2024
Simon Laskey Ltd
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08894866
31 March 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 480
- 480
CURRENT ASSETS
Stocks 5 - 75,958
Debtors 6 - 11,372
Cash at bank and in hand 10 1,797
10 89,127
Creditors: Amounts Falling Due Within One Year 7 (9,019 ) (17,835 )
NET CURRENT ASSETS (LIABILITIES) (9,009 ) 71,292
TOTAL ASSETS LESS CURRENT LIABILITIES (9,009 ) 71,772
Creditors: Amounts Falling Due After More Than One Year 8 (160,943 ) (172,007 )
NET LIABILITIES (169,952 ) (100,235 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Income Statement (169,953 ) (100,236 )
SHAREHOLDERS' FUNDS (169,952) (100,235)
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Page 2
For the period ending 31 March 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr D W Haley
Director
17/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Jade Hoses & Accessories Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08894866 . The registered office is Unit A Old Cosgrove Road, Old Stratford, Milton Keynes, MK19 6FQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Fixtures & Fittings 10% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 9,847 20,512 30,359
Disposals (9,847 ) (20,512 ) (30,359 )
Depreciation
As at 1 July 2023 9,847 20,032 29,879
Disposals (9,847 ) (20,032 ) (29,879 )
As at 31 March 2024 - - -
Net Book Value
As at 31 March 2024 - - -
As at 1 July 2023 - 480 480
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5. Stocks
31 March 2024 30 June 2023
£ £
Stock - 75,958
6. Debtors
31 March 2024 30 June 2023
£ £
Due within one year
Trade debtors - 10,785
Other debtors - 587
- 11,372
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 June 2023
£ £
Trade creditors - 11,240
Bank loans and overdrafts 7,226 -
Other taxes and social security 1,452 5,822
Other creditors 91 273
Accruals and deferred income 250 500
9,019 17,835
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 June 2023
£ £
Bank loans 12,143 23,457
Other loans 148,800 148,550
160,943 172,007
9. Share Capital
31 March 2024 30 June 2023
£ £
Allotted, Called up and fully paid 1 1
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 March 2024 30 June 2023
£ £
Not later than one year - 12,000
- 12,000
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11. Related Party Transactions
Jade Tyres LLPSole shareholder

Jade Tyres LLP

Sole shareholder

At the Balance Sheet date, Jade Hoses & Accessories Limited owed the sole shareholder Jade Tyres LLP an amount of £148,800.
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