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REGISTERED NUMBER: 13667031 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

JASPA TEA LEICESTER LTD

JASPA TEA LEICESTER LTD (REGISTERED NUMBER: 13667031)






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 LEICESTER 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: 13667031 (England and Wales)





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

JASPA TEA LEICESTER LTD (REGISTERED NUMBER: 13667031)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 65,966 80,938

CURRENT ASSETS
Debtors 5 13,657 29,475
Cash at bank - 102
13,657 29,577
CREDITORS
Amounts falling due within one year 6 (190,695 ) (162,790 )
NET CURRENT LIABILITIES (177,038 ) (133,213 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(111,072

)

(52,275

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (111,073 ) (52,276 )
(111,072 ) (52,275 )

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 30 July 2024 and were signed by:





P Ahmad - Director


JASPA TEA LEICESTER LTD (REGISTERED NUMBER: 13667031)

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

1. STATUTORY INFORMATION

Jaspa Tea Leicester 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 LEICESTER LTD (REGISTERED NUMBER: 13667031)

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 6 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2022 6,592 98,715 2,613 107,920
Additions - 12,178 - 12,178
Disposals (6,592 ) - - (6,592 )
At 31 October 2023 - 110,893 2,613 113,506
DEPRECIATION
At 1 November 2022 1,648 24,681 653 26,982
Charge for year - 21,553 653 22,206
Eliminated on disposal (1,648 ) - - (1,648 )
At 31 October 2023 - 46,234 1,306 47,540
NET BOOK VALUE
At 31 October 2023 - 64,659 1,307 65,966
At 31 October 2022 4,944 74,034 1,960 80,938

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,048 -
Amounts owed by group undertakings 400 400
Other debtors 6,209 29,075
13,657 29,475

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,002 -
Trade creditors 53,351 105,191
Amounts owed to group undertakings 127,278 57,099
Taxation and social security 5,064 -
Other creditors - 500
190,695 162,790