Acorah Software Products - Accounts Production 15.0.650 false true 31 October 2022 1 November 2021 false 1 November 2022 30 September 2023 30 September 2023 SC643641 Mr YAGSHINDER SINGH SAHOTA iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC643641 2022-10-31 SC643641 2023-09-30 SC643641 2022-11-01 2023-09-30 SC643641 frs-core:CurrentFinancialInstruments 2023-09-30 SC643641 frs-core:Non-currentFinancialInstruments 2023-09-30 SC643641 frs-core:PlantMachinery 2023-09-30 SC643641 frs-core:PlantMachinery 2022-11-01 2023-09-30 SC643641 frs-core:PlantMachinery 2022-10-31 SC643641 frs-core:ShareCapital 2023-09-30 SC643641 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC643641 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-09-30 SC643641 frs-bus:FilletedAccounts 2022-11-01 2023-09-30 SC643641 frs-bus:SmallEntities 2022-11-01 2023-09-30 SC643641 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-09-30 SC643641 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-09-30 SC643641 frs-bus:Director1 2022-11-01 2023-09-30 SC643641 frs-countries:Scotland 2022-11-01 2023-09-30 SC643641 2021-10-31 SC643641 2022-10-31 SC643641 2021-11-01 2022-10-31 SC643641 frs-core:CurrentFinancialInstruments 2022-10-31 SC643641 frs-core:Non-currentFinancialInstruments 2022-10-31 SC643641 frs-core:ShareCapital 2022-10-31 SC643641 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: SC643641
JP FAST FOODS LTD
Unaudited Financial Statements
For the Period 1 November 2022 to 30 September 2023
Global Accountancy Practice
10 Allison Street
Glasgow
G42 8NN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC643641
30 September 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,090 18,605
15,090 18,605
CURRENT ASSETS
Stocks 5 2,695 3,861
Debtors 6 - 4,638
Cash at bank and in hand 32,597 30,018
35,292 38,517
Creditors: Amounts Falling Due Within One Year 7 (26,323 ) (27,672 )
NET CURRENT ASSETS (LIABILITIES) 8,969 10,845
TOTAL ASSETS LESS CURRENT LIABILITIES 24,059 29,450
Creditors: Amounts Falling Due After More Than One Year 8 (17,505 ) (24,024 )
NET ASSETS 6,554 5,426
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 6,553 5,425
SHAREHOLDERS' FUNDS 6,554 5,426
Page 1
Page 2
For the period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr YAGSHINDER SINGH SAHOTA
Director
15th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JP FAST FOODS LTD is a private company, limited by shares, incorporated in Scotland, registered number SC643641 . The registered office is Westend Bookkeeping 227 Sauchiehall Street, Glasgow, G2 3EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2022: )
3 -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2022 23,435
As at 30 September 2023 23,435
Depreciation
As at 1 November 2022 4,830
Provided during the period 3,515
As at 30 September 2023 8,345
Net Book Value
As at 30 September 2023 15,090
As at 1 November 2022 18,605
Page 3
Page 4
5. Stocks
30 September 2023 31 October 2022
£ £
Materials 2,695 3,861
6. Debtors
30 September 2023 31 October 2022
£ £
Due within one year
Trade debtors - 4,638
7. Creditors: Amounts Falling Due Within One Year
30 September 2023 31 October 2022
£ £
Trade creditors 14,579 17,118
Other creditors 4,934 3,809
Taxation and social security 6,810 6,745
26,323 27,672
8. Creditors: Amounts Falling Due After More Than One Year
30 September 2023 31 October 2022
£ £
Bank loans 17,505 24,024
9. Share Capital
30 September 2023 31 October 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4