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REGISTERED NUMBER: 09369865 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

JASON RAMTAHAL LIMITED

JASON RAMTAHAL LIMITED (REGISTERED NUMBER: 09369865)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JASON RAMTAHAL LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J Ramtahal





REGISTERED OFFICE: 3 Southernhay West
Exeter
Devon
EX1 1JG





REGISTERED NUMBER: 09369865 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

JASON RAMTAHAL LIMITED (REGISTERED NUMBER: 09369865)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 70,096 94,041

CURRENT ASSETS
Debtors 6 1,081,147 1,097,103
Cash at bank 734,829 409,430
1,815,976 1,506,533
CREDITORS
Amounts falling due within one year 7 (156,208 ) (109,965 )
NET CURRENT ASSETS 1,659,768 1,396,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,729,864

1,490,609

CREDITORS
Amounts falling due after more than one
year

8

-

(17,774

)

PROVISIONS FOR LIABILITIES (17,524 ) (23,510 )
NET ASSETS 1,712,340 1,449,325

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,712,240 1,449,225
SHAREHOLDERS' FUNDS 1,712,340 1,449,325

JASON RAMTAHAL LIMITED (REGISTERED NUMBER: 09369865)

Balance Sheet - continued
31 MARCH 2024


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 director acknowledges his 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.

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

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

The financial statements were approved by the director and authorised for issue on 24 November 2024 and were signed by:





J Ramtahal - Director


JASON RAMTAHAL LIMITED (REGISTERED NUMBER: 09369865)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. COMPANY INFORMATION

Jason Ramtahal Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover represents amounts chargeable in respect of the provision of services to customers falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Cash and cash equivalents
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

JASON RAMTAHAL LIMITED (REGISTERED NUMBER: 09369865)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 148,661 8,513 157,174
Additions - 818 818
Disposals - (692 ) (692 )
At 31 March 2024 148,661 8,639 157,300
DEPRECIATION
At 1 April 2023 58,152 4,981 63,133
Charge for year 22,627 1,790 24,417
Eliminated on disposal - (346 ) (346 )
At 31 March 2024 80,779 6,425 87,204
NET BOOK VALUE
At 31 March 2024 67,882 2,214 70,096
At 31 March 2023 90,509 3,532 94,041

JASON RAMTAHAL LIMITED (REGISTERED NUMBER: 09369865)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 98,040
Transfer to ownership (98,040 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 57,113
Charge for year 10,419
Transfer to ownership (67,532 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 40,927

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 7,840 14,280
Other debtors 953,616 948,616
Other debtor - 910
Directors' current accounts 5,892 119,366
Tax 10,462 10,462
Prepayments 1,670 3,469
979,480 1,097,103

Amounts falling due after more than one year:
Other debtors 101,667 -

Aggregate amounts 1,081,147 1,097,103

JASON RAMTAHAL LIMITED (REGISTERED NUMBER: 09369865)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 17,784
Tax 146,582 83,823
Social security and other taxes 600 303
Other creditors 5,720 4,505
Accruals and deferred income 3,306 3,550
156,208 109,965

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 17,774

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 35,558

Hire purchase liabilities are secured over the asset to which the liability relates.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J Ramtahal
Balance outstanding at start of year 119,366 61,046
Amounts advanced 12,242 131,402
Amounts repaid (125,716 ) (73,082 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,892 119,366

Interest has been charged on the above loan at H M Revenue and Customs official rate of interest.

JASON RAMTAHAL LIMITED (REGISTERED NUMBER: 09369865)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. RELATED PARTY DISCLOSURES

A company controlled by the Director and in which the Director has significant influence.

An inter-company loan exists and at the balance sheet date the amount due from the related party was £948,616 (2023 - £948,616). The loan is interest free and repayable on demand.

A company controlled by the Director and in which the Director has significant influence.

An inter-company loan exists and at the balance sheet date the amount due from the related party was £101,667 (2023 - £nil). Interest is charged at 10% and is repayable within 2 years of the balance sheet date..

A company in which a family member of the Company's Director has significant control and influence of.

An inter-company loan exists and at the balance sheet date the amount due from the related party was £5,000 (2023 - £nil). The loan is interest free and is repayable within 1 year of the balance sheet date.