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Company Registration No. 07062345 (England and Wales)
JPN Shipping Ltd Unaudited accounts for the year ended 31 October 2023
JPN Shipping Ltd Unaudited accounts Contents
Page
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JPN Shipping Ltd Company Information for the year ended 31 October 2023
Director
Jeyapragash Rajanayagam
Company Number
07062345 (England and Wales)
Registered Office
UNIT A2C REDLANDS Coulsdon - None - CR5 2HT United Kingdom
Accountants
SAJA Accountancy Ltd Unit A2C Redlands Coulsdon Surrey CR5 2HT
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JPN Shipping Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
83,056 
107,595 
Current assets
Debtors
44,601 
52,659 
Cash at bank and in hand
4,439 
5,330 
49,040 
57,989 
Creditors: amounts falling due within one year
(16,116)
(15,945)
Net current assets
32,924 
42,044 
Total assets less current liabilities
115,980 
149,639 
Creditors: amounts falling due after more than one year
(70,182)
(101,873)
Net assets
45,798 
47,766 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
45,698 
47,666 
Shareholders' funds
45,798 
47,766 
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
Jeyapragash Rajanayagam Director Company Registration No. 07062345
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JPN Shipping Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
JPN Shipping Ltd is a private company, limited by shares, registered in England and Wales, registration number 07062345. The registered office is UNIT A2C, REDLANDS, Coulsdon, - None -, CR5 2HT, United Kingdom.
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.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
18,014 
196,164 
12,250 
2,988 
229,416 
At 31 October 2023
18,014 
196,164 
12,250 
2,988 
229,416 
Depreciation
At 1 November 2022
4,047 
114,486 
2,450 
838 
121,821 
Charge for the year
1,052 
22,050 
1,225 
212 
24,539 
At 31 October 2023
5,099 
136,536 
3,675 
1,050 
146,360 
Net book value
At 31 October 2023
12,915 
59,628 
8,575 
1,938 
83,056 
At 31 October 2022
13,967 
81,678 
9,800 
2,150 
107,595 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
276 
655 
Trade debtors
21,060 
21,739 
Accrued income and prepayments
10,265 
10,265 
Other debtors
13,000 
20,000 
44,601 
52,659 
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JPN Shipping Ltd Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
2,655 
Taxes and social security
11,649 
13,290 
Accruals
4,467 
- 
16,116 
15,945 
Corporation Tax payable 2019-2020 £ 2,658.49 Corporation Tax payable 2020-2021 £ 3,446.60 Payee & Ni Payable £ 7,167.48
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,250 
35,833 
Obligations under finance leases and hire purchase contracts
48,932 
66,040 
70,182 
101,873 
Bounce Back Loan £ 45,833.35 Funding Circle Loan £ 14,792.43 Capital on Tap Loan £ 2,355.88 Mercedes Benz £ 33,945.00
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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