Registered number
07824157
Jaspa Barnet UK Ltd
Filleted Accounts
30 November 2023
Jaspa Barnet UK Ltd
Registered number: 07824157
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 45,366 69,630
Current assets
Stocks 9,280 10,020
Debtors 4 596,367 433,358
Cash at bank and in hand 357,987 548,836
963,634 992,214
Creditors: amounts falling due within one year 5 (244,066) (343,560)
Net current assets 719,568 648,654
Total assets less current liabilities 764,934 718,284
Creditors: amounts falling due after more than one year 6 (349,978) (425,573)
Net assets 414,956 292,711
Capital and reserves
Called up share capital 100 100
Profit and loss account 414,856 292,611
Shareholders' funds 414,956 292,711
The director is 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 director acknowledges his 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.
Anett K Choonea
Director
Approved by the board on 9 August 2024
Jaspa Barnet UK Ltd
Notes to the Accounts
for the year ended 30 November 2023
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and Machinery 15% Straight Line Method
Motor Vehicles 25% Reducing Balance Method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 62 51
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 143,118 26,521 169,639
At 30 November 2023 143,118 26,521 169,639
Depreciation
At 1 December 2022 84,676 15,333 100,009
Charge for the year 21,467 2,797 24,264
At 30 November 2023 106,143 18,130 124,273
Net book value
At 30 November 2023 36,975 8,391 45,366
At 30 November 2022 58,442 11,188 69,630
4 Debtors 2023 2022
£ £
Trade debtors 293,673 3,085
Other debtors 302,694 430,273
596,367 433,358
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 1,382
Trade creditors - 46,488
Taxation and social security costs 179,274 140,298
Other creditors 64,792 155,392
244,066 343,560
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 349,978 425,573
7 Other information
Jaspa Barnet UK Ltd is a private company limited by shares and incorporated in England.
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