Company Registration No. 05965269 (England and Wales)
Jeffman Imports Limited
Unaudited accounts
for the year ended 31 October 2023
Jeffman Imports Limited
Unaudited accounts
Contents
Jeffman Imports Limited
Company Information
for the year ended 31 October 2023
Company Number
05965269 (England and Wales)
Registered Office
17 GAINSBORO GARDENS
SUDBURY HILL
GREENFORD
MIDDLESEX
UB6 0JG
Accountants
Pearsons Accountants
24 Alicia Avenue
Kenton
Middlesex
HA3 8HR
Jeffman Imports Limited
Statement of financial position
as at 31 October 2023
Tangible assets
15,962
13,146
Cash at bank and in hand
25,856
29,852
Creditors: amounts falling due within one year
(3,818)
(2,277)
Net current assets
43,161
39,002
Total assets less current liabilities
59,223
52,248
Creditors: amounts falling due after more than one year
(17,648)
(26,793)
Called up share capital
100
100
Profit and loss account
41,475
25,355
Shareholders' funds
41,575
25,455
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 September 2024 and were signed on its behalf by
Izabela Wawro
Director
Company Registration No. 05965269
Jeffman Imports Limited
Notes to the Accounts
for the year ended 31 October 2023
Jeffman Imports Limited is a private company, limited by shares, registered in England and Wales, registration number 05965269. The registered office is 17 GAINSBORO GARDENS, SUDBURY HILL, GREENFORD, MIDDLESEX, UB6 0JG.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on a reducing balance
Motor vehicles
20% on a reducing balance
Fixtures & fittings
10% on a reducing balance
Computer equipment
20% on a reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Jeffman Imports Limited
Notes to the Accounts
for the year ended 31 October 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Intangible fixed assets
Other
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2022
4,800
11,000
9,635
4,985
30,420
Additions
3,870
-
2,659
-
6,529
At 31 October 2023
8,670
11,000
12,294
4,985
36,949
At 1 November 2022
1,689
8,794
4,004
2,787
17,274
Charge for the year
1,008
608
1,334
763
3,713
At 31 October 2023
2,697
9,402
5,338
3,550
20,987
At 31 October 2023
5,973
1,598
6,956
1,435
15,962
At 31 October 2022
3,111
2,206
5,631
2,198
13,146
Amounts falling due within one year
Accrued income and prepayments
647
632
Jeffman Imports Limited
Notes to the Accounts
for the year ended 31 October 2023
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,884
1,493
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Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2022: 1).