IRIS Accounts Production v24.3.0.553 08892977 director 1.3.23 29.2.24 29.2.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088929772023-02-28088929772024-02-29088929772023-03-012024-02-29088929772022-02-28088929772022-03-012023-02-28088929772023-02-2808892977ns15:EnglandWales2023-03-012024-02-2908892977ns14:PoundSterling2023-03-012024-02-2908892977ns10:Director12023-03-012024-02-2908892977ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2908892977ns10:SmallEntities2023-03-012024-02-2908892977ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2908892977ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2908892977ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2908892977ns10:FullAccounts2023-03-012024-02-2908892977ns10:RegisteredOffice2023-03-012024-02-2908892977ns5:CurrentFinancialInstruments2024-02-2908892977ns5:CurrentFinancialInstruments2023-02-2808892977ns5:ShareCapital2024-02-2908892977ns5:ShareCapital2023-02-2808892977ns5:RetainedEarningsAccumulatedLosses2024-02-2908892977ns5:RetainedEarningsAccumulatedLosses2023-02-2808892977ns5:FurnitureFittings2023-03-012024-02-2908892977ns5:ComputerEquipment2023-03-012024-02-2908892977ns5:FurnitureFittings2023-02-2808892977ns5:ComputerEquipment2023-02-2808892977ns5:FurnitureFittings2024-02-2908892977ns5:ComputerEquipment2024-02-2908892977ns5:FurnitureFittings2023-02-2808892977ns5:ComputerEquipment2023-02-2808892977ns5:CostValuation2024-02-2908892977ns5:Subsidiary12023-03-012024-02-29088929771ns5:Subsidiary12023-03-012024-02-2908892977ns5:Subsidiary12024-02-2908892977ns5:Subsidiary12023-02-2808892977ns5:Subsidiary12023-02-2808892977ns5:Subsidiary12022-03-012023-02-2808892977ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2908892977ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28088929771ns10:Director12023-02-28088929771ns10:Director12022-02-28088929771ns10:Director12023-03-012024-02-29088929771ns10:Director12022-03-012023-02-28088929771ns10:Director12024-02-29088929771ns10:Director12023-02-28
REGISTERED NUMBER: 08892977 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

JALCOPA LTD

JALCOPA LTD (REGISTERED NUMBER: 08892977)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

JALCOPA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: P J Parker





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 08892977 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

JALCOPA LTD (REGISTERED NUMBER: 08892977)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,400 5,638
Investments 5 90,000 90,000
94,400 95,638

CURRENT ASSETS
Debtors 6 3,268 3,893
Cash at bank 105,766 92,148
109,034 96,041
CREDITORS
Amounts falling due within one year 7 65,418 42,780
NET CURRENT ASSETS 43,616 53,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,016

148,899

PROVISIONS FOR LIABILITIES 1,100 1,072
NET ASSETS 136,916 147,827

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 136,816 147,727
SHAREHOLDERS' FUNDS 136,916 147,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 29 November 2024 and were signed by:





P J Parker - Director


JALCOPA LTD (REGISTERED NUMBER: 08892977)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Jalcopa 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.

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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents gross invoiced services provided less flat rate VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

JALCOPA LTD (REGISTERED NUMBER: 08892977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 6,674 2,698 9,372
DEPRECIATION
At 1 March 2023 1,514 2,220 3,734
Charge for year 774 464 1,238
At 29 February 2024 2,288 2,684 4,972
NET BOOK VALUE
At 29 February 2024 4,386 14 4,400
At 28 February 2023 5,160 478 5,638

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 March 2023
and 29 February 2024 90,000
NET BOOK VALUE
At 29 February 2024 90,000
At 28 February 2023 90,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Triumph Dorset Ltd
Registered office: 2/4 Ash Lane, Rustington, Littlehampton, United Kingdom, BN16 3BZ
Nature of business: Sale, maintenance and repair of motorcycles
%
Class of shares: holding
Ordinary B shares 30.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 63,600 86,400
Profit for the year 88,000 12,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 3,268 3,268
Directors' current accounts - 625
3,268 3,893

JALCOPA LTD (REGISTERED NUMBER: 08892977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 49,911 32,698
Social security and other taxes 503 (257 )
VAT 12,055 8,273
Directors' current accounts 437 -
Accrued expenses 2,512 2,066
65,418 42,780

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
P J Parker
Balance outstanding at start of year 625 10,056
Amounts advanced 11,039 741
Amounts repaid (12,185 ) (10,172 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (521 ) 625

9. RELATED PARTY DISCLOSURES

At the end of the year the company owed the director £521 (2023: £625 owed from the director). This loan is interest free and repayable on demand.

The interest in associate value of £90,000 represents a 33.33% holding of shares in a company that the director of Jalcopa Limited is also a director of.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JALCOPA LTD

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director 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 Jalcopa Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet 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 director of Jalcopa Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jalcopa Ltd and state those matters that we have agreed to state to the director of Jalcopa Ltd 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 Jalcopa Ltd and its director for our work or for this report.

It is your duty to ensure that Jalcopa Ltd 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 Jalcopa Ltd. You consider that Jalcopa 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 financial statements of Jalcopa 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 financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


29 November 2024