Registered number
12484597
Jack Blenk Audio Ltd
Filleted Accounts
29 February 2024
Jack Blenk Audio Ltd
Registered number: 12484597
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,197 7,607
Current assets
Debtors 4 2,976 1,451
Cash at bank and in hand 11,892 7,782
14,868 9,233
Creditors: amounts falling due within one year 5 (5,579) (3,286)
Net current assets 9,289 5,947
Total assets less current liabilities 16,486 13,554
Provisions for liabilities (1,368) (1,654)
Net assets 15,118 11,900
Capital and reserves
Called up share capital 1 1
Profit and loss account 15,117 11,899
Shareholder's funds 15,118 11,900
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
J Blenkinsopp
Director
Approved by the board on 23 September 2024
Jack Blenk Audio Ltd
Notes to the Accounts
for the year ended 29 February 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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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 at the following rates:-
Plant and machinery 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 8,743
Additions 782
At 29 February 2024 9,525
Depreciation
At 1 March 2023 1,136
Charge for the year 1,192
At 29 February 2024 2,328
Net book value
At 29 February 2024 7,197
At 28 February 2023 7,607
4 Debtors 2024 2023
£ £
Trade debtors 660 -
Other debtors 2,316 1,451
2,976 1,451
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,604 940
Other creditors 3,975 2,346
5,579 3,286
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J Blenkinsopp
Directors loan account 2,346 (7,439) 9,068 3,975
2,346 (7,439) 9,068 3,975
7 Other information
Jack Blenk Audio Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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