Registered number
10421608
JK HOUSE LTD
Filleted Accounts
31 October 2023
JK HOUSE LTD
Registered number: 10421608
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 53,200 66,500
Tangible assets 4 79,447 35,077
132,647 101,577
Current assets
Stocks 3,750 3,500
Debtors 5 18,258 18,927
Cash at bank and in hand 905 9,463
22,913 31,890
Creditors: amounts falling due within one year 6 (89,893) (79,608)
Net current liabilities (66,980) (47,718)
Total assets less current liabilities 65,667 53,859
Creditors: amounts falling due after more than one year 7 (48,274) (38,082)
Net assets 17,393 15,777
Capital and reserves
Called up share capital 1 1
Profit and loss account 17,392 15,776
Shareholders' funds 17,393 15,777
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 his 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.
M J Ahmed
Director
Approved by the board on 26 October 2024
JK HOUSE LTD
Notes to the Accounts
for the year ended 31 October 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 includes revenue earned from the sale of goods and from the rendering of services, net
of discounts and value addes taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Government grant
The company received the government grants as part of Corona Virus support measures and these are presented in the accounts under the accrual model.

2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2022 133,000
At 31 October 2023 133,000
Amortisation
At 1 November 2022 66,500
Provided during the year 13,300
At 31 October 2023 79,800
Net book value
At 31 October 2023 53,200
At 31 October 2022 66,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2022 11,154 44,183 55,337
Additions 44,141 4,491 48,632
At 31 October 2023 55,295 48,674 103,969
Depreciation
At 1 November 2022 - 20,260 20,260
Charge for the year - 4,262 4,262
At 31 October 2023 - 24,522 24,522
Net book value
At 31 October 2023 55,295 24,152 79,447
At 31 October 2022 11,154 23,923 35,077
5 Debtors 2023 2022
£ £
Trade debtors 6,825 7,415
Other debtors 11,433 11,512
18,258 18,927
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,798 2,881
Taxation and social security costs 9,125 10,636
Other creditors 78,970 66,091
89,893 79,608
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 48,274 38,082
8 Controlling party
The ultimate controlling party is the director.
9 Other information
JK HOUSE LTD is a private company limited by shares and incorporated in England. Its registered office is:
95 Cranbrook Road
Ilford
England
IG1 4PG
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