Registered number
01339477
Jaspa (UK) Ltd
Filleted Accounts
30 November 2023
Jaspa (UK) Ltd
Registered number: 01339477
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 3,000 4,500
Tangible assets 4 180,924 223,097
Investments 5 30,383 30,383
214,307 257,980
Current assets
Debtors 6 378,553 356,545
Cash at bank and in hand 1,899 23,460
380,452 380,005
Creditors: amounts falling due within one year 7 (209,098) (155,462)
Net current assets 171,354 224,543
Total assets less current liabilities 385,661 482,523
Creditors: amounts falling due after more than one year 8 (144,702) (48,858)
Net assets 240,959 433,665
Capital and reserves
Called up share capital 5,000 5,000
Profit and loss account 235,959 428,665
Shareholders' funds 240,959 433,665
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.
Javaid Ahmad
Director
Approved by the board on 10 August 2024
Jaspa (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.
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:
Leasehold land and buildings 2% Reducing Balance Method
Plant and Machinery 15% Reducing Balance Method
Motor Vehicles 25% Reducing Balance Method
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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 7 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 30,000
At 30 November 2023 30,000
Amortisation
At 1 December 2022 25,500
Provided during the year 1,500
At 30 November 2023 27,000
Net book value
At 30 November 2023 3,000
At 30 November 2022 4,500
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 172,713 639,383 53,415 865,511
Disposals - - (53,415) (53,415)
At 30 November 2023 172,713 639,383 - 812,096
Depreciation
At 1 December 2022 43,249 575,796 23,369 642,414
Charge for the year 2,589 9,538 - 12,127
On disposals - - (23,369) (23,369)
At 30 November 2023 45,838 585,334 - 631,172
Net book value
At 30 November 2023 126,875 54,049 - 180,924
At 30 November 2022 129,464 63,587 30,046 223,097
5 Investments
Other
investments
£
Cost
At 1 December 2022 30,383
At 30 November 2023 30,383
6 Debtors 2023 2022
£ £
Trade debtors - 43,079
Other debtors 378,553 313,466
378,553 356,545
7 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,871 48
Trade creditors 154,071 85,100
Taxation and social security costs 59,031 62,555
Other creditors (6,875) 7,759
209,098 155,462
8 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 138,702 42,858
Other creditors 6,000 6,000
144,702 48,858
9 Other information
Jaspa (UK) Ltd is a private company limited by shares and incorporated in England.
Jaspa (UK) Ltd 01339477 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Javaid Ahmad No description of principal activity 01339477 2021-12-01 2022-11-30 01339477 core:WithinOneYear 2022-11-30 01339477 core:AfterOneYear 2022-11-30 01339477 core:ShareCapital 2022-11-30 01339477 core:RetainedEarningsAccumulatedLosses 2022-11-30 01339477 2022-12-01 2023-11-30 01339477 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 01339477 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 01339477 bus:Director40 2022-12-01 2023-11-30 01339477 1 2022-12-01 2023-11-30 01339477 2 2022-12-01 2023-11-30 01339477 core:Goodwill 2022-12-01 2023-11-30 01339477 core:LandBuildings 2022-12-01 2023-11-30 01339477 core:PlantMachinery 2022-12-01 2023-11-30 01339477 core:Vehicles 2022-12-01 2023-11-30 01339477 countries:England 2022-12-01 2023-11-30 01339477 bus:FRS102 2022-12-01 2023-11-30 01339477 bus:FilletedAccounts 2022-12-01 2023-11-30 01339477 2023-11-30 01339477 core:WithinOneYear 2023-11-30 01339477 core:AfterOneYear 2023-11-30 01339477 core:ShareCapital 2023-11-30 01339477 core:RetainedEarningsAccumulatedLosses 2023-11-30 01339477 core:Goodwill 2023-11-30 01339477 core:LandBuildings 2023-11-30 01339477 core:PlantMachinery 2023-11-30 01339477 core:Vehicles 2023-11-30 01339477 2022-11-30 01339477 core:Goodwill 2022-11-30 01339477 core:LandBuildings 2022-11-30 01339477 core:PlantMachinery 2022-11-30 01339477 core:Vehicles 2022-11-30 iso4217:GBP xbrli:pure