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Company Registration No. 04832363 (England and Wales)
Jade Inventories Limited Unaudited accounts for the year ended 31 August 2024
Jade Inventories Limited Unaudited accounts Contents
Page
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Jade Inventories Limited Company Information for the year ended 31 August 2024
Director
Mr Richard Griffiths
Company Number
04832363 (England and Wales)
Registered Office
22 Walnut Field Tytherington Wotton Under Edge GL12 8QS
Accountants
Evans Entwistle 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Jade Inventories Limited for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jade Inventories Limited for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA 9 September 2024
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Jade Inventories Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
107 
Current assets
Debtors
3,048 
2,650 
Cash at bank and in hand
25,696 
22,164 
28,744 
24,814 
Creditors: amounts falling due within one year
(7,943)
(7,487)
Net current assets
20,801 
17,327 
Total assets less current liabilities
20,801 
17,434 
Provisions for liabilities
Deferred tax
- 
(20)
Net assets
20,801 
17,414 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
20,701 
17,314 
Shareholders' funds
20,801 
17,414 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 9 September 2024 and were signed on its behalf by
Mr Richard Griffiths Director Company Registration No. 04832363
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Jade Inventories Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Jade Inventories Limited is a private company, limited by shares, registered in England and Wales, registration number 04832363. The registered office is 22 Walnut Field , Tytherington, Wotton Under Edge, GL12 8QS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Computer equipment
3 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Jade Inventories Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
1,560 
At 31 August 2024
1,560 
Depreciation
At 1 September 2023
1,453 
Charge for the year
107 
At 31 August 2024
1,560 
Net book value
At 31 August 2024
- 
At 31 August 2023
107 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,048 
2,650 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,666 
5,542 
Loans from directors
1,297 
985 
Accruals
980 
960 
7,943 
7,487 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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