Registered number
13136079
JZ CONNECT LIMITED
Filleted Accounts
31 January 2024
JZ CONNECT LIMITED
Registered number: 13136079
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 559 699
Investments 6 - -
559 699
Current assets
Cash at bank and in hand 114,714 85,646
114,714 85,646
Creditors: amounts falling due within one year 9 (9,766) (12,262)
Net current assets 104,948 73,384
Total assets less current liabilities 105,507 74,083
Net assets 105,507 74,083
Capital and reserves
Called up share capital 100 100
Share premium - -
Revaluation reserve 12 - -
Profit and loss account 105,407 73,983
Shareholders' funds 105,507 74,083
The directors are 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 directors acknowledge their 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.
J M Zulfiqar
Director
Approved by the board on 8 July 2024
JZ CONNECT LIMITED
Notes to the Accounts
for the year ended 31 January 2024
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.
Plant and machinery over 5 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
5 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 - 699 - 699
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 January 2024 - 699 - 699
Depreciation
At 1 February 2023 - - - -
Charge for the year - 140 - 140
Surplus on revaluation - - - -
On disposals - - - -
At 31 January 2024 - 140 - 140
Net book value
At 31 January 2024 - 559 - 559
At 31 January 2023 - 699 - 699
9 Creditors: amounts falling due within one year 2024 2023
Taxation and social security costs 9,702 7,795
Other creditors 64 4,467
9,766 12,262
23 Other information
JZ CONNECT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
35 New England Road
Brightpn
East Sussex
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