Company registration number 11798385 (England and Wales)
JAL PRODUCTIONS LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
JAL PRODUCTIONS LTD
COMPANY INFORMATION
Director
Mr J A Lee
Company number
11798385
Registered office
180 Great Portland Street
London
W1W 5QZ
Accountants
YMU Business Management Limited
180 Great Portland Street
London
W1W 5QZ
JAL PRODUCTIONS LTD
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 7
JAL PRODUCTIONS LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
- 1 -
The director presents his annual report and financial statements for the year ended 31 January 2024.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Mr J A Lee
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr J A Lee
Director
31 October 2024
JAL PRODUCTIONS LTD
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF JAL PRODUCTIONS LTD
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JAL Productions Ltd for the year ended 31 January 2024 set out on pages 3 to 7 from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of JAL Productions Ltd, as a body, in accordance with the terms of our engagement letter dated 18 October 2021. Our work has been undertaken solely to prepare for your approval the financial statements of JAL Productions Ltd. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JAL Productions Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that JAL Productions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JAL Productions Ltd. You consider that JAL Productions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of JAL Productions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
YMU Business Management Limited
31 October 2024
Accountants
180 Great Portland Street
London
W1W 5QZ
JAL PRODUCTIONS LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
2024
2023
£
£
Turnover
332,268
269,653
Cost of sales
(36,930)
(29,140)
Gross profit
295,338
240,513
Administrative expenses
(22,423)
(33,826)
Operating profit
272,915
206,687
Interest receivable and similar income
157
Profit before taxation
273,072
206,687
Tax on profit
(65,652)
(38,557)
Profit for the financial year
207,420
168,130
The profit and loss account has been prepared on the basis that all operations are continuing operations.
JAL PRODUCTIONS LTD
BALANCE SHEET
AS AT 31 JANUARY 2024
31 January 2024
- 4 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
400
534
Current assets
Debtors
4
49,648
22,759
Cash at bank and in hand
148,152
153,137
197,800
175,896
Creditors: amounts falling due within one year
5
(67,454)
(53,104)
Net current assets
130,346
122,792
Net assets
130,746
123,326
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
130,745
123,325
Total equity
130,746
123,326
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 31 October 2024
Mr J A Lee
Director
Company registration number 11798385 (England and Wales)
JAL PRODUCTIONS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024
- 5 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 February 2022
1
135,195
135,196
Year ended 31 January 2023:
Profit and total comprehensive income
-
168,130
168,130
Dividends
-
(180,000)
(180,000)
Balance at 31 January 2023
1
123,325
123,326
Year ended 31 January 2024:
Profit and total comprehensive income
-
207,420
207,420
Dividends
-
(200,000)
(200,000)
Balance at 31 January 2024
1
130,745
130,746
JAL PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 6 -
1
Accounting policies
Company information
JAL Productions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 180 Great Portland Street, London, W1W 5QZ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents performance fees receivable net of VAT.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Financial instruments
The company only has basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction,
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
JAL PRODUCTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 7 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 and 31 January 2024
1,266
Depreciation and impairment
At 1 February 2023
732
Depreciation charged in the year
134
At 31 January 2024
866
Carrying amount
At 31 January 2024
400
At 31 January 2023
534
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,348
22,759
Other debtors
44,300
49,648
22,759
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
65,652
39,304
Other taxation and social security
4,054
Other creditors
1,802
9,746
67,454
53,104
JAL PRODUCTIONS LTD
MANAGEMENT INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024