Company Registration No. NI634151 (Northern Ireland)
JSNI Ltd
Unaudited accounts
for the year ended 31 October 2023
JSNI Ltd
Unaudited accounts
Contents
JSNI Ltd
Company Information
for the year ended 31 October 2023
Company Number
NI634151 (Northern Ireland)
Registered Office
22 Heron Road
Belfast
BT3 9LF
Accountants
JMW
74 Ballantine Gardens
Lisburn
Co. Down
BT27 5FB
JSNI Ltd
Statement of financial position
as at 31 October 2023
Intangible assets
15,636
17,310
Tangible assets
97,193
104,267
Cash at bank and in hand
(23,683)
(12,275)
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)
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
JSNI Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
JSNI Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill
Other
Total
At 1 November 2022
25,000
2,120
27,120
At 31 October 2023
25,000
2,120
27,120
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
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
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
At 31 October 2023
8,386
87,251
1,556
97,193
At 31 October 2022
10,377
91,843
2,047
104,267
Amounts falling due within one year
Trade debtors
14,566
35,001
Other debtors
53,954
52,254
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,336
5,036
Trade creditors
26,803
16,306
Taxes and social security
-
144,799
Other creditors
42,000
28,939
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
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).