Company Registration No. 11859529 (England and Wales)
JACK AND BEYOND LTD
Unaudited accounts
for the year ended 31 March 2024
JACK AND BEYOND LTD
Unaudited accounts
Contents
JACK AND BEYOND LTD
Company Information
for the year ended 31 March 2024
Directors
Fulop Joel Gabor
Tristan Morris
Company Number
11859529 (England and Wales)
Registered Office
146 Battersea High Street
London
SW11 3JR
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
JACK AND BEYOND LTD
Accountants' report
Accountants' report to the board of directors of JACK AND BEYOND LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
JACK AND BEYOND LTD for the year ended
31 March 2024 as set out on pages
5 -
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 JACK AND BEYOND LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of JACK AND BEYOND LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JACK AND BEYOND LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that JACK AND BEYOND LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of JACK AND BEYOND LTD. You consider that JACK AND BEYOND 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 accounts of JACK AND BEYOND 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 accounts.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
31 March 2024
JACK AND BEYOND LTD
Statement of financial position
as at 31 March 2024
Tangible assets
12,231
17,421
Cash at bank and in hand
(15,207)
1,058
Creditors: amounts falling due within one year
(99,349)
(105,691)
Net current liabilities
(83,206)
(95,766)
Total assets less current liabilities
(70,975)
(78,345)
Creditors: amounts falling due after more than one year
(36,372)
(55,069)
Net liabilities
(107,347)
(133,414)
Called up share capital
1,000
1,000
Profit and loss account
(108,347)
(134,414)
Shareholders' funds
(107,347)
(133,414)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by
Fulop Joel Gabor
Director
Company Registration No. 11859529
JACK AND BEYOND LTD
Notes to the Accounts
for the year ended 31 March 2024
JACK AND BEYOND LTD is a private company, limited by shares, registered in England and Wales, registration number 11859529. The registered office is 146 Battersea High Street, London, SW11 3JR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on straight line
Fixtures & fittings
33% on straight line
Operating lease payments are recognised as an expense on a straight-line basis over the term of the lease, except where the directors consider that another systematic basis would be more representative of the time pattern in which the economic benefits associated with the leased asset are consumed. Contingent rentals which arise under operating lease agreements are recognised as an expense in the period in which they are incurred. Benefits received and receivable as an incentive to sign an operating lease are recognised in profit or loss on a straight-line basis over the lease term.
JACK AND BEYOND LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
19,072
15,126
34,198
At 31 March 2024
19,072
14,540
33,612
At 1 April 2023
8,886
7,891
16,777
Charge for the year
3,973
4,847
8,820
On disposals
-
(4,216)
(4,216)
At 31 March 2024
12,859
8,522
21,381
At 31 March 2024
6,213
6,018
12,231
At 31 March 2023
10,186
7,235
17,421
Amounts falling due within one year
Trade debtors
24,119
2,089
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,990
21,277
Trade creditors
16,178
14,727
Taxes and social security
10,809
9,928
Other creditors
2,693
2,971
Loans from directors
55,048
52,118
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
36,372
55,069
8
Average number of employees
During the year the average number of employees was 9 (2023: 8).