Registered number
06831296
Jayheen Limited
Filleted Accounts
for the year ended 31 January 2024
Jayheen Limited
Registered number: 06831296
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 6,375 7,650
Tangible assets 4 2,270 2,838
8,645 10,488
Current assets
Stocks 32,142 31,741
Cash at bank and in hand 29,719 15,251
61,861 46,992
Creditors: amounts falling due within one year 5 (79,033) (66,293)
Net current liabilities (17,172) (19,301)
Net liabilities (8,527) (8,813)
Capital and reserves
Called up share capital 2 2
Profit and loss account (8,529) (8,815)
Shareholders' funds (8,527) (8,813)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mrs Heena Patel
Director
Approved by the board on 26 September 2024
Jayheen Limited
Notes to the Accounts
for the year ended 31 January 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balances
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 25,500
At 31 January 2024 25,500
Amortisation
At 1 February 2023 17,850
Provided during the year 1,275
At 31 January 2024 19,125
Net book value
At 31 January 2024 6,375
At 31 January 2023 7,650
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 10,738
At 31 January 2024 10,738
Depreciation
At 1 February 2023 7,900
Charge for the year 568
At 31 January 2024 8,468
Net book value
At 31 January 2024 2,270
At 31 January 2023 2,838
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 364 1,195
Taxation and social security costs 2,016 1,860
Other creditors 76,653 63,238
79,033 66,293
6 Other information
Jayheen Limited is a private company limited by shares and incorporated in England. Its registered office is:
25 Balham High Road
Balham
London
SW12 9AL
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