0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,426 1,426 329 847 1,176 1,097 xbrli:pure xbrli:shares iso4217:GBP SC354745 2023-03-01 2024-02-29 SC354745 2024-02-29 SC354745 2023-02-28 SC354745 2022-03-01 2023-02-28 SC354745 2023-02-28 SC354745 2022-02-28 SC354745 bus:Director2 2023-03-01 2024-02-29 SC354745 core:WithinOneYear 2024-02-29 SC354745 core:WithinOneYear 2023-02-28 SC354745 core:ShareCapital 2024-02-29 SC354745 core:ShareCapital 2023-02-28 SC354745 core:RetainedEarningsAccumulatedLosses 2024-02-29 SC354745 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC354745 bus:SmallEntities 2023-03-01 2024-02-29 SC354745 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 SC354745 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC354745 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC354745 bus:FullAccounts 2023-03-01 2024-02-29 SC354745 core:ComputerEquipment 2023-02-28 SC354745 core:ComputerEquipment 2023-03-01 2024-02-29
COMPANY REGISTRATION NUMBER: SC354745
J C K SERVICES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 February 2024
J C K SERVICES LTD
STATEMENT OF FINANCIAL POSITION
29 February 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
1,097
CURRENT ASSETS
Debtors
5
263
Cash at bank and in hand
15,994
26,054
---------
---------
15,994
26,317
PREPAYMENTS AND ACCRUED INCOME
28
CREDITORS: amounts falling due within one year
6
1,942
9,250
---------
---------
NET CURRENT ASSETS
14,052
17,095
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
14,052
18,192
PROVISIONS
290
---------
---------
NET ASSETS
14,052
17,902
---------
---------
J C K SERVICES LTD
STATEMENT OF FINANCIAL POSITION (continued)
29 February 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
13,952
17,802
---------
---------
SHAREHOLDERS FUNDS
14,052
17,902
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
C E Knowles
Director
Company registration number: SC354745
J C K SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 FEBRUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Copper Beech, Main Street, Methlick, Aberdeenshire, AB41 7DS.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements .
Revenue recognition
Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. TANGIBLE ASSETS
Equipment
£
Cost
At 1 March 2023
1,426
Disposals
( 1,426)
-------
At 29 February 2024
-------
Depreciation
At 1 March 2023
329
Charge for the year
847
Disposals
( 1,176)
-------
At 29 February 2024
-------
Carrying amount
At 29 February 2024
-------
At 28 February 2023
1,097
-------
5. DEBTORS
2024
2023
£
£
Other debtors
263
----
----
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
4,158
Other creditors
1,942
5,092
-------
-------
1,942
9,250
-------
-------
7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors had an unsecured interest free loan with the company. The director's loan account was in credit throughout the year and is repayable on demand.