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REGISTERED NUMBER: 13693194 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

JASPA TEA LIVERPOOL LTD

JASPA TEA LIVERPOOL LTD (REGISTERED NUMBER: 13693194)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JASPA TEA LIVERPOOL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: P Ahmad





REGISTERED OFFICE: Import Building, Ground Floor
2 Clove Crescent
London
E14 2BE





REGISTERED NUMBER: 13693194 (England and Wales)





ACCOUNTANTS: Hadleys & Co.
Ground Floor
Import Building
2 Clove Crescent
London
E14 2BE

JASPA TEA LIVERPOOL LTD (REGISTERED NUMBER: 13693194)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 15,000 20,000
Tangible assets 5 81,155 115,356
96,155 135,356

CURRENT ASSETS
Debtors 6 101,838 62,695
Cash at bank and in hand 1,876 5,721
103,714 68,416
CREDITORS
Amounts falling due within one year 7 (282,740 ) (311,992 )
NET CURRENT LIABILITIES (179,026 ) (243,576 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(82,871

)

(108,220

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (82,872 ) (108,221 )
(82,871 ) (108,220 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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

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 31 July 2024 and were signed by:



P Ahmad - Director


JASPA TEA LIVERPOOL LTD (REGISTERED NUMBER: 13693194)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Jaspa Tea Liverpool Ltd 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

JASPA TEA LIVERPOOL LTD (REGISTERED NUMBER: 13693194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 25,000
AMORTISATION
At 1 November 2022 5,000
Charge for year 5,000
At 31 October 2023 10,000
NET BOOK VALUE
At 31 October 2023 15,000
At 31 October 2022 20,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 5,828 145,702 2,278 153,808
Additions - 1,785 - 1,785
Disposals (5,828 ) (5,828 ) - (11,656 )
At 31 October 2023 - 141,659 2,278 143,937
DEPRECIATION
At 1 November 2022 1,457 36,426 569 38,452
Charge for year - 26,675 569 27,244
Eliminated on disposal (1,457 ) (1,457 ) - (2,914 )
At 31 October 2023 - 61,644 1,138 62,782
NET BOOK VALUE
At 31 October 2023 - 80,015 1,140 81,155
At 31 October 2022 4,371 109,276 1,709 115,356

JASPA TEA LIVERPOOL LTD (REGISTERED NUMBER: 13693194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,483 -
Amounts owed by group undertakings 290 4,641
Other debtors 39,065 58,054
101,838 62,695

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,597 -
Trade creditors 82,219 186,890
Amounts owed to group undertakings 106,038 -
Taxation and social security 5,087 1,501
Other creditors 86,799 123,601
282,740 311,992