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REGISTERED NUMBER: 00551985 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

J Brafman Limited

J Brafman Limited (Registered number: 00551985)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J Brafman Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D Brafman





SECRETARY: Mrs M Brafman





REGISTERED OFFICE: Adam House
7-10 Adam Street
London
WC2N 6AA





REGISTERED NUMBER: 00551985 (England and Wales)





ACCOUNTANTS: Harrison North
Adam House, 7-10 Adam Street
London
WC2N 6AA

J Brafman Limited (Registered number: 00551985)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Stocks 22,300 25,075
Debtors 5 - 3,248
Cash at bank 60,385 59,302
82,685 87,625
CREDITORS
Amounts falling due within one year 6 26,433 31,531
NET CURRENT ASSETS 56,252 56,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,252

56,094

CREDITORS
Amounts falling due after more than
one year

7

48,995

52,820
NET ASSETS 7,257 3,274

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 6,757 2,774
SHAREHOLDERS' FUNDS 7,257 3,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

J Brafman Limited (Registered number: 00551985)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2024 and were signed by:





D Brafman - Director


J Brafman Limited (Registered number: 00551985)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

J Brafman Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


J Brafman Limited (Registered number: 00551985)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 13,293
DEPRECIATION
At 1 June 2023
and 31 May 2024 13,293
NET BOOK VALUE
At 31 May 2024 -

J Brafman Limited (Registered number: 00551985)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Other debtors - 3,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 2,000 2,000
Trade creditors 14,773 12,454
Taxation and social security 4,356 5,784
Other creditors 5,304 11,293
26,433 31,531

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 13,500 15,500
Other creditors 35,495 37,320
48,995 52,820

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,500 7,500