Company Registration No. 07853911 (England and Wales)
JC UNIQUE LTD
Unaudited accounts
for the year ended 30 November 2023
JC UNIQUE LTD
Unaudited accounts
Contents
JC UNIQUE LTD
Company Information
for the year ended 30 November 2023
Company Number
07853911 (England and Wales)
Registered Office
JC UNIQUE UNIT 14 PICCADILLY TRADING EST
GIDDINGS ROAD
MANCHESTER
-
M1 2NP
UNITED KINGDOM
Accountants
HLA Accountants
21 Hyde Park Road
Leeds
West Yorkshire
LS6 1PY
JC UNIQUE LTD
Statement of financial position
as at 30 November 2023
Tangible assets
20,246
19,886
Inventories
796,312
756,212
Cash at bank and in hand
11,389
11,247
Creditors: amounts falling due within one year
(639,751)
(844,879)
Net current assets
290,790
324,383
Total assets less current liabilities
311,036
344,269
Creditors: amounts falling due after more than one year
(32,499)
(42,500)
Net assets
278,537
301,769
Called up share capital
2
2
Profit and loss account
278,535
301,767
Shareholders' funds
278,537
301,769
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 8 August 2024 and were signed on its behalf by
Peng CAO
Director
Company Registration No. 07853911
JC UNIQUE LTD
Notes to the Accounts
for the year ended 30 November 2023
JC UNIQUE LTD is a private company, limited by shares, registered in England and Wales, registration number 07853911. The registered office is JC UNIQUE UNIT 14 PICCADILLY TRADING EST, GIDDINGS ROAD, MANCHESTER, -, M1 2NP, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Motor vehicles
20% diminishing balance method.
Fixtures & fittings
20% diminishing balance method.
Computer equipment
25% diminishing balance method.
Government grants in relation to job retention scheme and local council authority are credited to profit and loss account, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
JC UNIQUE LTD
Notes to the Accounts
for the year ended 30 November 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
20,600
34,499
2,295
57,394
At 30 November 2023
20,600
42,031
2,295
64,926
At 1 December 2022
6,136
30,546
826
37,508
Charge for the year
2,899
3,979
294
7,172
At 30 November 2023
9,035
34,525
1,120
44,680
At 30 November 2023
11,565
7,506
1,175
20,246
At 30 November 2022
14,464
3,953
1,469
19,886
Amounts falling due within one year
Trade debtors
112,128
323,991
Accrued income and prepayments
10,712
13,212
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
51,486
6,314
Trade creditors
447,832
724,715
Taxes and social security
5,934
36,922
Loans from directors
22,463
-
JC UNIQUE LTD
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).