Registered number
09074930
Janela Shutters Limited
Unaudited Filleted Accounts
30 June 2024
Janela Shutters Limited
Registered number: 09074930
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,812 26,222
Current assets
Debtors 4 923 1,923
Cash at bank and in hand 34,578 52,034
35,501 53,957
Creditors: amounts falling due within one year 5 (31,947) (39,428)
Net current assets 3,554 14,529
Total assets less current liabilities 19,366 40,751
Creditors: amounts falling due after more than one year 6 (19,167) (29,167)
Net assets 199 11,584
Capital and reserves
Called up share capital 100 100
Profit and loss account 99 11,484
Shareholders' funds 199 11,584
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.
Ryan Thomas
Director
Approved by the board on 9 October 2024
Janela Shutters Limited
Notes to the Accounts
for the year ended 30 June 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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. 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 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 2,606 64,558 67,164
At 30 June 2024 2,606 64,558 67,164
Depreciation
At 1 July 2023 1,913 39,029 40,942
Charge for the year 198 10,212 10,410
At 30 June 2024 2,111 49,241 51,352
Net book value
At 30 June 2024 495 15,317 15,812
At 30 June 2023 693 25,529 26,222
4 Debtors 2024 2023
£ £
Other debtors 923 1,923
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 9,798 11,860
Other creditors 22,149 27,568
31,947 39,428
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,167 29,167
7 Other information
Janela Shutters Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Unit 14, Llancoed Court
Llandarcy
Neath
Wales
SA10 6FG
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