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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
Page
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Jeffman Imports Limited Company Information for the year ended 31 October 2023
Director
Izabela Wawro
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
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Jeffman Imports Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
100 
100 
Tangible assets
15,962 
13,146 
16,062 
13,246 
Current assets
Inventories
9,530 
6,799 
Debtors
11,593 
4,628 
Cash at bank and in hand
25,856 
29,852 
46,979 
41,279 
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)
Net assets
41,575 
25,455 
Capital and reserves
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
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Jeffman Imports Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
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
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
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.
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Jeffman Imports Limited Notes to the Accounts for the year ended 31 October 2023
Deferred taxation
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
100 
At 31 October 2023
100 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
100 
At 31 October 2022
100 
5
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 
Depreciation
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 
Net book value
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 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,979 
2,117 
Accrued income and prepayments
647 
632 
Other debtors
2,967 
1,879 
11,593 
4,628 
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Jeffman Imports Limited Notes to the Accounts for the year ended 31 October 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
934 
784 
Taxes and social security
2,884 
1,493 
3,818 
2,277 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,648 
26,793 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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