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COMPANY REGISTRATION NUMBER: 06404351
JSJ KULLARS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
16 August 2023
JSJ KULLARS LIMITED
FINANCIAL STATEMENTS
Period from 1 April 2022 to 16 August 2023
CONTENTS
PAGE
Balance sheet
1
Notes to the financial statements
2
JSJ KULLARS LIMITED
BALANCE SHEET
16 August 2023
16 Aug 23
31 Mar 22
Note
£
£
CURRENT ASSETS
Debtors
4
958
Investments
5
340,001
340,001
---------
---------
340,001
340,959
CREDITORS: amounts falling due within one year
6
( 106,747)
( 127,354)
---------
---------
NET CURRENT ASSETS
233,254
213,605
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
233,254
213,605
CREDITORS: amounts falling due after more than one year
7
( 159,810)
( 132,697)
---------
---------
NET ASSETS
73,444
80,908
---------
---------
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss account
72,444
79,908
--------
--------
SHAREHOLDERS FUNDS
73,444
80,908
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the period ending 16 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 August 2024 , and are signed on behalf of the board by:
Ms M K Kullar
Director
Company registration number: 06404351
JSJ KULLARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Period from 1 April 2022 to 16 August 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Cedar House, Hazell Drive, NEWPORT, NP10 8FY.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. DEBTORS
16 Aug 23
31 Mar 22
£
£
Other debtors
958
----
----
5. INVESTMENTS
16 Aug 23
31 Mar 22
£
£
Investments in group undertakings
340,001
340,001
---------
---------
6. CREDITORS: amounts falling due within one year
16 Aug 23
31 Mar 22
£
£
Bank loans and overdrafts
18,954
Corporation tax
18,261
18,886
Other creditors
88,486
89,514
---------
---------
106,747
127,354
---------
---------
7. CREDITORS: amounts falling due after more than one year
16 Aug 23
31 Mar 22
£
£
Bank loans and overdrafts
98,898
Other creditors
159,810
33,799
---------
---------
159,810
132,697
---------
---------
8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
Included within creditors is a balance of £87,936 (2022 - £87,936) due to a director. This balance is interest free and repayable on demand.