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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
Page
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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
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JK CLOTHING LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
549,517 
558,292 
Current assets
Inventories
267,606 
283,239 
Debtors
30,438 
41,196 
Cash at bank and in hand
231,494 
162,492 
529,538 
486,927 
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 
Capital and reserves
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
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JK CLOTHING LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,438 
41,196 
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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 
VAT
985 
78 
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 
Other creditors
- 
110 
Loans from directors
4,986 
450 
Accruals
5,785 
10,241 
80,268 
96,758 
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).
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