Registered number
11237847
JAS LALL LIMITED
Filleted Accounts
31 March 2024
JAS LALL LIMITED
Registered number: 11237847
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,031 5,794
Current assets
Debtors 4 11,852 7,196
Cash at bank and in hand 209,123 174,463
220,975 181,659
Creditors: amounts falling due within one year 5 (78,105) (91,763)
Net current assets 142,870 89,896
Net assets 149,901 95,690
Capital and reserves
Called up share capital 1 1
Profit and loss account 149,900 95,689
Shareholder's funds 149,901 95,690
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Jaskiret Kaur Lall
Director
Approved by the board on 13 September 2024
JAS LALL 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. 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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 9,626
Additions 2,995
At 31 March 2024 12,621
Depreciation
At 1 April 2023 3,832
Charge for the year 1,758
At 31 March 2024 5,590
Net book value
At 31 March 2024 7,031
At 31 March 2023 5,794
4 Debtors 2024 2023
£ £
Trade debtors 8,402 7,196
Other debtors 3,450 -
11,852 7,196
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,081 3,065
Trade creditors 1,980 1,286
Corporation tax 44,679 61,809
Other taxes and social security costs 21,332 25,172
Other creditors 33 431
78,105 91,763
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Jaskiret Kaur Lall
Directors loan owed to the company - cleared by dividends 01/04/2024 - 3,450 - 3,450
- 3,450 - 3,450
7 Other information
JAS LALL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Windsor Villas
Bath
England
BA1 3DJ
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