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REGISTERED NUMBER: 11269197 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

JAGESH NAVIK LTD

JAGESH NAVIK LTD (REGISTERED NUMBER: 11269197)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 March 2024










Page

Company Information 1

Report of the Accountants 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


JAGESH NAVIK LTD

Company Information
FOR THE YEAR ENDED 31 March 2024







DIRECTOR: Mr J B Navik





REGISTERED OFFICE: 11 Fullbrook Avenue
Spencers Wood
Reading
Berkshire
RG7 1FE





REGISTERED NUMBER: 11269197 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

JAGESH NAVIK LTD

Report of the Accountants to the Director of
Jagesh Navik Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP


Date: .............................................

JAGESH NAVIK LTD (REGISTERED NUMBER: 11269197)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 36,524 47,163

CURRENT ASSETS
Debtors 17,425 308
Cash at bank 31,218 20,006
48,643 20,314
CREDITORS
Amounts falling due within one year (30,197 ) (19,496 )
NET CURRENT ASSETS 18,446 818
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,970

47,981

CREDITORS
Amounts falling due after more than one
year

-

(7,848

)
NET ASSETS 54,970 40,133

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 54,870 40,033
SHAREHOLDERS' FUNDS 54,970 40,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JAGESH NAVIK LTD (REGISTERED NUMBER: 11269197)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 September 2024 and were signed by:





Mr J B Navik - Director


JAGESH NAVIK LTD (REGISTERED NUMBER: 11269197)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 March 2024


1. STATUTORY INFORMATION

Jagesh Navik Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 70,228
Additions 2,312
At 31 March 2024 72,540
DEPRECIATION
At 1 April 2023 23,065
Charge for year 12,951
At 31 March 2024 36,016
NET BOOK VALUE
At 31 March 2024 36,524
At 31 March 2023 47,163

JAGESH NAVIK LTD (REGISTERED NUMBER: 11269197)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 March 2024


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J B Navik
Balance outstanding at start of year (4,157 ) (3,845 )
Amounts advanced 17,032 12,230
Amounts repaid (13,187 ) (12,542 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) (4,157 )

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J B Navik.