Registered number
09159765
JALLMAK ENERGY LTD
Filleted Accounts
31 August 2024
JALLMAK ENERGY LTD
Registered number: 09159765
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,760 730
Current assets
Debtors 4 (24) 850
Cash at bank and in hand 18,906 28,927
18,882 29,777
Creditors: amounts falling due within one year 5 (14,549) (16,176)
Net current assets 4,333 13,601
Net assets 25,093 14,331
Capital and reserves
Called up share capital 1 1
Profit and loss account 25,092 14,330
Shareholder's funds 25,093 14,331
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 her 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.
Ana Maria Jaller-Makarewicz
Director
Approved by the board on 15 October 2024
JALLMAK ENERGY LTD
Notes to the Accounts
for the year ended 31 August 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:
Motor vehicles 20% straight line
Fixtures, fittings, tools and equipment 33.33% straight line
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 8,900 - 8,900
Additions - 25,950 25,950
Disposals (2,330) - (2,330)
At 31 August 2024 6,570 25,950 32,520
Depreciation
At 1 September 2023 8,170 - 8,170
Charge for the year 730 5,190 5,920
On disposals (2,330) - (2,330)
At 31 August 2024 6,570 5,190 11,760
Net book value
At 31 August 2024 - 20,760 20,760
At 31 August 2023 730 - 730
4 Debtors 2024 2023
£ £
Other debtors (24) 850
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 14,270 16,177
Other creditors 279 (1)
14,549 16,176
6 Other information
JALLMAK ENERGY LTD is a private company limited by shares and incorporated in England. Its registered office is:
58 Mulgrave Road
London, W5 1LE
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