Registered number
09682445
JIZAY UK LTD
Filleted Accounts
30 June 2023
JIZAY UK LTD
Registered number: 09682445
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Stocks 35,130 37,050
Cash at bank and in hand 9,365 16,873
44,495 53,923
Creditors: amounts falling due within one year 3 (21,370) (36,931)
Net current assets 23,125 16,992
Total assets less current liabilities 23,125 16,992
Creditors: amounts falling due after more than one year 4 (24,010) (15,700)
Net (liabilities)/assets (885) 1,292
Capital and reserves
Called up share capital 1 1
Profit and loss account (886) 1,291
Shareholders' funds (885) 1,292
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 members have 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.
Mrs Ghazala Ahmad
Director
Approved by the board on 18 October 2024
JIZAY UK LTD
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 3
3 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - -
Trade creditors 91 1,234
Taxation and social security costs 306 943
Other creditors 20,973 34,754
21,370 36,931
4 Creditors: amounts falling due after one year 2023 2022
£ £
Non-equity preference shares - -
Bank loans 24,010 13,700
Other creditors - 2,000
24,010 15,700
5 Controlling party
The director controls the company.
6 Other information
JIZAY UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2, Parkway 5
Parkway Business Centre
300 Princess Road
Manchester
M14 7HR
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