Registered number
06737325
Jim's Dry Cleaners Limited
Filleted Accounts
31 March 2024
Jim's Dry Cleaners Limited
Registered number: 06737325
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,215 2,701
Current assets
Stocks 395 480
Debtors 4 - 3,181
Cash at bank and in hand 497 529
892 4,190
Creditors: amounts falling due within one year 5 (27,355) (14,500)
Net current liabilities (26,463) (10,310)
Total assets less current liabilities (24,248) (7,609)
Creditors: amounts falling due after more than one year 6 (20,668) (8,470)
Net liabilities (44,916) (16,079)
Capital and reserves
Called up share capital 100 100
Profit and loss account (45,016) (16,179)
Shareholder's funds (44,916) (16,079)
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Mrs. Fatma Ozgener
Director
Approved by the board on 11 October 2024
Jim's Dry Cleaners Limited
Notes to the Accounts
for the year ended 31 March 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 rendering of services. 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.
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, excluding in the year of acquisition, at rates calculated to write off the cost, less estimated residual value, as follows;
Plant and machinery 18%, 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.
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 corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Corporation tax liability is not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 15,128
At 31 March 2024 15,128
Depreciation
At 1 April 2023 12,427
Charge for the year 486
At 31 March 2024 12,913
Net book value
At 31 March 2024 2,215
At 31 March 2023 2,701
4 Debtors 2024 2023
£ £
Prepayments & other debtors - 3,181
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,934 4,768
Corporation tax - 1,190
Other taxes and social security costs 72 1,142
Accrued expenses & other creditors 22,349 7,400
27,355 14,500
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,673 8,470
Other creditors 15,995 -
20,668 8,470
7 Other information
Jim's Dry Cleaners Limited is a private company limited by shares and incorporated in England. Its registered office is:
158 Long Lane
Bexleyheath
DA7 5AQ
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