Relate AccountsProduction v2.7.3 v2.7.3 2023-07-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of the wholesaling and distribution of cosmetic products. 11 October 2024 4 6 NI038569 2024-06-30 NI038569 2023-06-30 NI038569 2022-06-30 NI038569 2023-07-01 2024-06-30 NI038569 2022-07-01 2023-06-30 NI038569 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI038569 uk-curr:PoundSterling 2023-07-01 2024-06-30 NI038569 uk-bus:AbridgedAccounts 2023-07-01 2024-06-30 NI038569 uk-bus:CompanySecretaryDirector1 2023-07-01 2024-06-30 NI038569 uk-bus:Director2 2023-07-01 2024-06-30 NI038569 uk-bus:CompanySecretary1 2023-07-01 2024-06-30 NI038569 uk-bus:RegisteredOffice 2023-07-01 2024-06-30 NI038569 uk-bus:Agent1 2023-07-01 2024-06-30 NI038569 uk-core:ShareCapital 2024-06-30 NI038569 uk-core:ShareCapital 2023-06-30 NI038569 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI038569 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI038569 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-06-30 NI038569 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-06-30 NI038569 uk-bus:FRS102 2023-07-01 2024-06-30 NI038569 uk-core:Goodwill 2023-07-01 2024-06-30 NI038569 uk-core:Buildings 2023-07-01 2024-06-30 NI038569 uk-core:PlantMachinery 2023-07-01 2024-06-30 NI038569 uk-core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 NI038569 uk-core:MotorVehicles 2023-07-01 2024-06-30 NI038569 uk-core:Goodwill 2023-06-30 NI038569 uk-core:Goodwill 2024-06-30 NI038569 2023-07-01 2024-06-30 NI038569 uk-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI038569
 
 
JS Marketing (NI) Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 June 2024
JS Marketing (NI) Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Paul Shields
Sinead Shields
 
 
Company Secretary Paul Shields
 
 
Company Registration Number NI038569
 
 
Registered Office and Business Address 134 A Head road
Ballymartin
Co Down
BT34 4PX
Northern Ireland
 
 
Accountants Paul Hagerty & Co.
Chartered Accountants
11 The Square
Rostrevor
Co Down
BT34 3AZ



JS Marketing (NI) Ltd
Company Registration Number: NI038569
ABRIDGED BALANCE SHEET
as at 30 June 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 5 153,860 107,855
───────── ─────────
 
Current Assets
Stocks 39,125 24,588
Debtors 64,786 136,345
Cash and cash equivalents 736,885 690,512
───────── ─────────
840,796 851,445
───────── ─────────
Creditors: amounts falling due within one year (158,671) (149,519)
───────── ─────────
Net Current Assets 682,125 701,926
───────── ─────────
Total Assets less Current Liabilities 835,985 809,781
═════════ ═════════
 
Capital and Reserves
Called up share capital 200 200
Retained earnings 835,785 809,581
───────── ─────────
Equity attributable to owners of the company 835,985 809,781
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 11 October 2024 and signed on its behalf by
           
________________________________          
Paul Shields          
Director          
           
________________________________
Sinead Shields
Director
           



JS Marketing (NI) Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 June 2024

   
1. General Information
 
JS Marketing (NI) Ltd is a company limited by shares incorporated in Northern Ireland. 134 A Head road, Ballymartin, Co Down, BT34 4PX, Northern Ireland is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 June 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 20 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Short leasehold property - 10% Straight line
  Plant and machinery - 25% Reducing Balance
  Fixtures, fittings and equipment - 25% Reducing Balance
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 4, (2023 - 6).
 
  2024 2023
  Number Number
 
Employees 4 6
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 July 2023 39,200 39,200
  ───────── ─────────
 
At 30 June 2024 39,200 39,200
  ───────── ─────────
Amortisation
 
At 30 June 2024 39,200 39,200
  ───────── ─────────
Net book value
At 30 June 2024 - -
  ═════════ ═════════
             
5. Tangible assets
  Short Plant and Fixtures, Motor Total
  leasehold machinery fittings and vehicles  
  property   equipment    
  £ £ £ £ £
Cost
At 1 July 2023 46,880 15,330 43,861 156,143 262,214
Additions - 444 2,747 131,109 134,300
Disposals - - - (70,140) (70,140)
  ───────── ───────── ───────── ───────── ─────────
At 30 June 2024 46,880 15,774 46,608 217,112 326,374
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 July 2023 46,880 7,372 42,057 58,050 154,359
Charge for the financial year - 2,101 1,138 48,049 51,288
On disposals - - - (33,133) (33,133)
  ───────── ───────── ───────── ───────── ─────────
At 30 June 2024 46,880 9,473 43,195 72,966 172,514
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 30 June 2024 - 6,301 3,413 144,146 153,860
  ═════════ ═════════ ═════════ ═════════ ═════════
At 30 June 2023 - 7,958 1,804 98,093 107,855
  ═════════ ═════════ ═════════ ═════════ ═════════