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Company Registration No. NI634151 (Northern Ireland)
JSNI Ltd Unaudited accounts for the year ended 31 October 2023
JSNI Ltd Unaudited accounts Contents
Page
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JSNI Ltd Company Information for the year ended 31 October 2023
Director
Michael Scott
Company Number
NI634151 (Northern Ireland)
Registered Office
22 Heron Road Belfast BT3 9LF
Accountants
JMW 74 Ballantine Gardens Lisburn Co. Down BT27 5FB
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JSNI Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
15,636 
17,310 
Tangible assets
97,193 
104,267 
112,829 
121,577 
Current assets
Inventories
63,180 
63,180 
Debtors
68,520 
87,255 
Cash at bank and in hand
(23,683)
(12,275)
108,017 
138,160 
Creditors: amounts falling due within one year
(71,139)
(285,133)
Net current assets/(liabilities)
36,878 
(146,973)
Total assets less current liabilities
149,707 
(25,396)
Creditors: amounts falling due after more than one year
(262,282)
(48,519)
Net liabilities
(112,575)
(73,915)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(112,675)
(74,015)
Shareholders' funds
(112,575)
(73,915)
For the year ending 31 October 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Michael Scott Director Company Registration No. NI634151
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JSNI Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
JSNI Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI634151. The registered office is 22 Heron Road, Belfast, BT3 9LF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
10% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
The company entered into a Company Voluntary Arrangement on 07 March 2024. The director believes this along with an upturn in sales allows the company to continue as a going concern.
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JSNI Ltd Notes to the Accounts for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 November 2022
25,000 
2,120 
27,120 
At 31 October 2023
25,000 
2,120 
27,120 
Amortisation
At 1 November 2022
8,750 
1,060 
9,810 
Charge for the year
1,250 
424 
1,674 
At 31 October 2023
10,000 
1,484 
11,484 
Net book value
At 31 October 2023
15,000 
636 
15,636 
At 31 October 2022
16,250 
1,060 
17,310 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
17,704 
104,374 
4,073 
126,151 
At 31 October 2023
17,704 
104,374 
4,073 
126,151 
Depreciation
At 1 November 2022
7,327 
12,531 
2,026 
21,884 
Charge for the year
1,991 
4,592 
491 
7,074 
At 31 October 2023
9,318 
17,123 
2,517 
28,958 
Net book value
At 31 October 2023
8,386 
87,251 
1,556 
97,193 
At 31 October 2022
10,377 
91,843 
2,047 
104,267 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,566 
35,001 
Other debtors
53,954 
52,254 
68,520 
87,255 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,336 
5,036 
VAT
- 
90,053 
Trade creditors
26,803 
16,306 
Taxes and social security
- 
144,799 
Other creditors
42,000 
28,939 
71,139 
285,133 
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JSNI Ltd Notes to the Accounts for the year ended 31 October 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,310 
48,519 
Other creditors
219,972 
- 
262,282 
48,519 
9
Post balance sheet events
On the 07th March 2024 the company entered into a Company Voluntary Arrangement.
10
Average number of employees
During the year the average number of employees was 13 (2022: 13).
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