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REGISTERED NUMBER: 06932922 (England and Wales)


Jack's at the Junction Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2024






Jack's at the Junction Limited (Registered number: 06932922)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 6


Jack's at the Junction Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr H Yaylagul
Mr U Al





REGISTERED OFFICE: 252 Lavender Hill
London
SW11 1LJ





REGISTERED NUMBER: 06932922 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Jack's at the Junction Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jack's at the Junction Limited for the year ended 31 March 2024 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Jack's at the Junction Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jack's at the Junction Limited and state those matters that we have agreed to state to the Board of Directors of Jack's at the Junction Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jack's at the Junction Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jack's at the Junction Limited 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 Jack's at the Junction Limited. You consider that Jack's at the Junction Limited 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 Jack's at the Junction Limited. 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.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


7 November 2024

Jack's at the Junction Limited (Registered number: 06932922)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,308 6,878

CURRENT ASSETS
Inventories 5 6,872 6,983
Debtors 6 12,740 13,211
Cash in hand 99,081 99,173
118,693 119,367
CREDITORS
Amounts falling due within one year 7 68,579 65,961
NET CURRENT ASSETS 50,114 53,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,422

60,284

CREDITORS
Amounts falling due after more than one year 8 (55,355 ) (73,243 )

PROVISIONS FOR LIABILITIES 10 (60 ) (148 )
NET ASSETS/(LIABILITIES) 7 (13,107 )

Jack's at the Junction Limited (Registered number: 06932922)

Statement of Financial Position - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 5 (13,109 )
SHAREHOLDERS' FUNDS 7 (13,107 )

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

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

The directors acknowledge their 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.

Jack's at the Junction Limited (Registered number: 06932922)

Statement of Financial Position - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:




Mr U Al - Director



Mr H Yaylagul - Director


Jack's at the Junction Limited (Registered number: 06932922)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Jack's at the Junction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Turnover is generated from the ordinary activities of the business and is recognised when the customer takes delivery of the order.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the life of the lease
Improvements to property - straight line over the life of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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

Cost is determined on first in first out basis. Net realisable value is the amount to be realised from sales of stock less any cost to sell.


Jack's at the Junction Limited (Registered number: 06932922)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

Jack's at the Junction Limited (Registered number: 06932922)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Short to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
At 1 April 2023 1,671 23,750 55,289 28,070 108,780
Additions - - 120 - 120
At 31 March 2024 1,671 23,750 55,409 28,070 108,900
DEPRECIATION
At 1 April 2023 1,114 23,750 51,778 25,260 101,902
Charge for year 111 - 877 702 1,690
At 31 March 2024 1,225 23,750 52,655 25,962 103,592
NET BOOK VALUE
At 31 March 2024 446 - 2,754 2,108 5,308
At 31 March 2023 557 - 3,511 2,810 6,878

5. INVENTORIES
2024 2023
£    £   
Finished goods 6,872 6,983

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,012 4,966
Other debtors 728 8,245
12,740 13,211

Jack's at the Junction Limited (Registered number: 06932922)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,936 30,542
Trade creditors 1,126 -
Taxation and social security 34,661 31,478
Other creditors 5,856 3,941
68,579 65,961

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 55,355 73,243

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,147 21,433

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 42,150 42,150
Between one and five years 126,450 168,600
168,600 210,750

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 60 148

Jack's at the Junction Limited (Registered number: 06932922)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 148
Credit to Statement of Income and Retained Earnings during year (88 )
Balance at 31 March 2024 60

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. RESERVES
Retained
earnings
£   

At 1 April 2023 (13,109 )
Profit for the year 32,114
Dividends (19,000 )
At 31 March 2024 5

13. RELATED PARTY DISCLOSURES

The company paid rents of £42,150 to the directors for the use of the premises.