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REGISTERED NUMBER: 06241289 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st May 2024

for

J Vent Limited

J Vent Limited (Registered number: 06241289)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J Vent Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: Mr S D Jones
Mr D D Jones
Miss A Wilde





SECRETARY: Miss A Wilde





REGISTERED OFFICE: 32 Long Lane
Heath Charnock
Chorley
Lancashire
PR6 9EQ





REGISTERED NUMBER: 06241289 (England and Wales)





ACCOUNTANTS: Stephen Andrews & Co Limited
186 Eaves Lane
Chorley
Lancashire
PR6 0AU

J Vent Limited (Registered number: 06241289)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,432 10,520
5,432 10,520

CURRENT ASSETS
Debtors 6 10,374 34,107
Cash at bank 50,807 90,021
61,181 124,128
CREDITORS
Amounts falling due within one year 7 9,423 17,310
NET CURRENT ASSETS 51,758 106,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,190

117,338

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 57,090 117,238
SHAREHOLDERS' FUNDS 57,190 117,338

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

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

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 1st October 2024 and were signed on its behalf by:




Mr S D Jones - Director


J Vent Limited (Registered number: 06241289)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

J Vent Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

J Vent Limited (Registered number: 06241289)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 30,000
AMORTISATION
At 1st June 2023
and 31st May 2024 30,000
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 37,363
Disposals (16,550 )
At 31st May 2024 20,813
DEPRECIATION
At 1st June 2023 26,843
Charge for year 2,143
Eliminated on disposal (13,605 )
At 31st May 2024 15,381
NET BOOK VALUE
At 31st May 2024 5,432
At 31st May 2023 10,520

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 10,324 33,473
Other debtors 50 634
10,374 34,107

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 1,430 2,050
Taxation and social security 7,010 14,277
Other creditors 983 983
9,423 17,310

J Vent Limited (Registered number: 06241289)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 100 100