Registered number
09664112
JLO Flooring Limited
Filleted Accounts
31 March 2024
JLO Flooring Limited
Registered number: 09664112
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 3,159
Current assets
Debtors 4 37,122 47,646
Cash at bank and in hand 73,651 79,319
110,773 126,965
Creditors: amounts falling due within one year 5 (110,606) (129,726)
Net current assets/(liabilities) 167 (2,761)
Net assets 167 398
Capital and reserves
Called up share capital 100 100
Profit and loss account 67 298
Shareholders' funds 167 398
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J M Lowe
Director
Approved by the board on 12 August 2024
JLO Flooring Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Debtors
Short term debtors are measured at transaction price.
Creditors
Short term creditors are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023 21,667
At 31 March 2024 21,667
Depreciation
At 1 April 2023 18,508
Charge for the year 3,159
At 31 March 2024 21,667
Net book value
At 31 March 2024 -
At 31 March 2023 3,159
4 Debtors 2024 2023
£ £
Trade debtors 26,530 24,760
Taxation and social security costs 10,592 21,227
Other debtors - 1,659
37,122 47,646
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 13,829 19,877
Taxation and social security costs 11,237 10,921
Other creditors 85,540 98,928
110,606 129,726
6 Other information
JLO Flooring Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Dunnerdale Road
Clayhanger
Walsall
WS8 7SJ
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