Company Registration No. 09418966 (England and Wales)
JAN LONDON TRADE LIMITED
Unaudited accounts
for the year ended 29 February 2024
JAN LONDON TRADE LIMITED
Unaudited accounts
Contents
JAN LONDON TRADE LIMITED
Company Information
for the year ended 29 February 2024
Directors
Mr Innayatullah Armal
Mr Nazar Muhammad
Company Number
09418966 (England and Wales)
Registered Office
UNIT 3 GRANBY AVENUE
GARRETS GREEN
BIRMINGHAM
B33 0SU
ENGLAND
Accountants
CloudAcc Chartered Certified Accountants
63 St Mary Axe
London
EC3A 8AA
JAN LONDON TRADE LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
10,877
12,658
Inventories
2,600,000
1,215,000
Cash at bank and in hand
76,087
51,579
Creditors: amounts falling due within one year
(3,078,331)
(1,977,192)
Net current liabilities
(61,488)
(275,613)
Net liabilities
(50,611)
(262,955)
Called up share capital
1
1
Profit and loss account
(50,612)
(262,956)
Shareholders' funds
(50,611)
(262,955)
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by
Mr Innayatullah Armal
Director
Company Registration No. 09418966
JAN LONDON TRADE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
JAN LONDON TRADE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09418966. The registered office is UNIT 3 GRANBY AVENUE, GARRETS GREEN, BIRMINGHAM, B33 0SU, 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.
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.
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:
Fixtures & fittings
10% Straight Line
Computer equipment
10% Straight Line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
11,321
17,409
19,496
48,226
Additions
-
1,439
1,582
3,021
At 29 February 2024
11,321
18,848
21,078
51,247
At 1 March 2023
11,321
17,111
7,136
35,568
Charge for the year
-
586
4,216
4,802
At 29 February 2024
11,321
17,697
11,352
40,370
At 29 February 2024
-
1,151
9,726
10,877
At 28 February 2023
-
298
12,360
12,658
Amounts falling due within one year
Other debtors
340,756
435,000
JAN LONDON TRADE LIMITED
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,131,993
1,509,668
Taxes and social security
208,932
(68,576)
Other creditors
612,141
533,516
Loans from directors
125,265
2,584
7
Average number of employees
During the year the average number of employees was 7 (2023: 4).