2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 40,186 25,868 2,044 27,912 12,274 14,318 17,763 12,794 497 13,291 4,472 4,969 xbrli:pure xbrli:shares iso4217:GBP 07110131 2023-04-01 2024-03-31 07110131 2024-03-31 07110131 2023-03-31 07110131 2022-04-01 2023-03-31 07110131 2023-03-31 07110131 2022-03-31 07110131 core:FurnitureFittings 2023-04-01 2024-03-31 07110131 bus:Director1 2023-04-01 2024-03-31 07110131 bus:Director2 2023-04-01 2024-03-31 07110131 core:WithinOneYear 2024-03-31 07110131 core:WithinOneYear 2023-03-31 07110131 core:NetGoodwill 2023-03-31 07110131 core:NetGoodwill 2024-03-31 07110131 core:FurnitureFittings 2023-03-31 07110131 core:FurnitureFittings 2024-03-31 07110131 core:AfterOneYear 2024-03-31 07110131 core:AfterOneYear 2023-03-31 07110131 core:ShareCapital 2024-03-31 07110131 core:ShareCapital 2023-03-31 07110131 core:RetainedEarningsAccumulatedLosses 2024-03-31 07110131 core:RetainedEarningsAccumulatedLosses 2023-03-31 07110131 core:NetGoodwill 2023-04-01 2024-03-31 07110131 core:NetGoodwill 2023-03-31 07110131 core:FurnitureFittings 2023-03-31 07110131 bus:Director1 2023-03-31 07110131 bus:Director1 2022-03-31 07110131 bus:Director1 2023-03-31 07110131 bus:SmallEntities 2023-04-01 2024-03-31 07110131 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07110131 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07110131 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07110131 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 07110131
JASY STORES LIMITED
Filleted Unaudited Financial Statements
31 March 2024
JASY STORES LIMITED
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
12,274
14,318
Tangible assets
6
4,472
4,969
--------
--------
16,746
19,287
Current assets
Stocks
23,170
23,714
Debtors
7
13,698
11,727
Cash at bank and in hand
13,070
18,772
--------
--------
49,938
54,213
Creditors: amounts falling due within one year
8
6,282
12,807
--------
--------
Net current assets
43,656
41,406
--------
--------
Total assets less current liabilities
60,402
60,693
Creditors: amounts falling due after more than one year
9
59,357
73,494
--------
--------
Net assets/(liabilities)
1,045
( 12,801)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
945
( 12,901)
-------
--------
Shareholders funds/(deficit)
1,045
( 12,801)
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JASY STORES LIMITED
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 24 September 2024 , and are signed on behalf of the board by:
J Wright
S Gulamali
Director
Director
JASY STORES LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 31 Vicarage Close, Northolt, Middlesex, UB5 5AD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Over 20 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
10% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
40,186
--------
Amortisation
At 1 April 2023
25,868
Charge for the year
2,044
--------
At 31 March 2024
27,912
--------
Carrying amount
At 31 March 2024
12,274
--------
At 31 March 2023
14,318
--------
6. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 April 2023 and 31 March 2024
17,763
17,763
--------
--------
Depreciation
At 1 April 2023
12,794
12,794
Charge for the year
497
497
--------
--------
At 31 March 2024
13,291
13,291
--------
--------
Carrying amount
At 31 March 2024
4,472
4,472
--------
--------
At 31 March 2023
4,969
4,969
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
235
235
Amounts owed by undertakings in which the company has a participating interest
8,763
6,792
Deposits
4,700
4,700
--------
--------
13,698
11,727
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,747
1,626
Corporation tax
2,842
Social security and other taxes
1,693
1,364
Director loan accounts
9,817
-------
--------
6,282
12,807
-------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Loan - APPS DBA Limited
59,357
73,494
--------
--------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
J Wright
9,817
( 9,817)
-------
-------
----
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
J Wright
( 9,817)
( 9,817)
-------
----
-------