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Company Registration No. 10737894 (England and Wales)
J Lo Trading Limited Unaudited accounts for the year ended 30 April 2023
J Lo Trading Limited Unaudited accounts Contents
Page
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J Lo Trading Limited Company Information for the year ended 30 April 2023
Director
Man Ki Jason Lo
Company Number
10737894 (England and Wales)
Registered Office
Pl, Ajp Business Centre 152-154 Coles Green Road London NW2 7HD England
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J Lo Trading Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
10,000 
Tangible assets
3,927 
7,173 
3,928 
17,173 
Current assets
Inventories
650 
3,320 
Cash at bank and in hand
1,889 
1,949 
2,539 
5,269 
Creditors: amounts falling due within one year
(27,579)
(6,506)
Net current liabilities
(25,040)
(1,237)
Total assets less current liabilities
(21,112)
15,936 
Creditors: amounts falling due after more than one year
(21,613)
(22,044)
Net liabilities
(42,725)
(6,108)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(42,825)
(6,208)
Shareholders' funds
(42,725)
(6,108)
For the year ending 30 April 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 31 July 2024 and were signed on its behalf by
Man Ki Jason Lo Director Company Registration No. 10737894
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J Lo Trading Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
J Lo Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 10737894. The registered office is Pl, Ajp Business Centre, 152-154 Coles Green Road, London, NW2 7HD, England.
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:
Plant & machinery
25% at cost
Fixtures & fittings
25% at reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2022
10,000 
At 30 April 2023
10,000 
Amortisation
At 1 May 2022
- 
Other increase/(decrease)
9,999 
At 30 April 2023
9,999 
Net book value
At 30 April 2023
1 
At 30 April 2022
10,000 
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J Lo Trading Limited Notes to the Accounts for the year ended 30 April 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
10,728 
4,000 
14,728 
At 30 April 2023
10,728 
4,000 
14,728 
Depreciation
At 1 May 2022
5,805 
1,750 
7,555 
Charge for the year
2,683 
563 
3,246 
At 30 April 2023
8,488 
2,313 
10,801 
Net book value
At 30 April 2023
2,240 
1,687 
3,927 
At 30 April 2022
4,923 
2,250 
7,173 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
679 
Other creditors
683 
606 
Loans from directors
26,196 
151 
Accruals
700 
5,070 
27,579 
6,506 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,613 
22,044 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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