Company Registration No. 07548881 (England and Wales)
JK CLOTHING LIMITED
Unaudited accounts
for the year ended 31 December 2023
JK CLOTHING LIMITED
Unaudited accounts
Contents
JK CLOTHING LIMITED
Company Information
for the year ended 31 December 2023
Directors
MR J NORRIS
Mr K Lochtie
Company Number
07548881 (England and Wales)
Registered Office
148 WELL HALL ROAD
ELTHAM
LONDON
SE9 6SN
ENGLAND
JK CLOTHING LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
549,517
558,292
Inventories
267,606
283,239
Cash at bank and in hand
231,494
162,492
Creditors: amounts falling due within one year
(80,268)
(96,758)
Net current assets
449,270
390,169
Total assets less current liabilities
998,787
948,461
Creditors: amounts falling due after more than one year
(390,781)
(429,705)
Net assets
608,006
518,756
Called up share capital
2
2
Profit and loss account
608,004
518,754
Shareholders' funds
608,006
518,756
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by
MR J NORRIS
Director
Company Registration No. 07548881
JK CLOTHING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
JK CLOTHING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07548881. The registered office is 148 WELL HALL ROAD, ELTHAM, LONDON, SE9 6SN, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
582,546
70,389
19,558
9,310
681,803
At 31 December 2023
582,546
70,389
19,558
9,310
681,803
At 1 January 2023
39,064
64,774
11,690
7,983
123,511
Charge for the year
6,204
1,014
1,475
82
8,775
At 31 December 2023
45,268
65,788
13,165
8,065
132,286
At 31 December 2023
537,278
4,601
6,393
1,245
549,517
At 31 December 2022
543,482
5,615
7,868
1,327
558,292
Amounts falling due within one year
Trade debtors
30,438
41,196
JK CLOTHING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
40,000
36,936
Obligations under finance leases and hire purchase contracts
3,256
7,165
Trade creditors
21,775
12,609
Taxes and social security
3,481
29,169
Loans from directors
4,986
450
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
390,781
429,705
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).