Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10788163 Mr D N Basi Mr D S Basi Mrs K K Basi Mr J S Basi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10788163 2023-02-28 10788163 2024-02-28 10788163 2023-03-01 2024-02-28 10788163 frs-core:PlantMachinery 2023-03-01 2024-02-28 10788163 frs-core:RevaluationReserve 2023-02-28 10788163 frs-core:RevaluationReserve 2024-02-28 10788163 frs-core:ShareCapital 2024-02-28 10788163 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10788163 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10788163 frs-bus:AbridgedAccounts 2023-03-01 2024-02-28 10788163 frs-bus:SmallEntities 2023-03-01 2024-02-28 10788163 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10788163 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10788163 frs-bus:Director1 2023-03-01 2024-02-28 10788163 frs-bus:Director2 2023-03-01 2024-02-28 10788163 frs-bus:Director3 2023-03-01 2024-02-28 10788163 frs-bus:Director4 2023-03-01 2024-02-28 10788163 frs-countries:EnglandWales 2023-03-01 2024-02-28 10788163 2022-02-28 10788163 2023-02-28 10788163 2022-03-01 2023-02-28 10788163 frs-core:RevaluationReserve 2023-02-28 10788163 frs-core:ShareCapital 2023-02-28 10788163 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10788163
JK 2D Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2024
Hive Accountancy Ltd
The Innovation Centre
Treliske
Truro
Cornwall
TR1 3FF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10788163
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,074 1,556
Investment Properties 5 2,120,000 2,370,000
2,121,074 2,371,556
CURRENT ASSETS
Debtors 6,680 3,365
Cash at bank and in hand 11,603 19,673
18,283 23,038
Creditors: Amounts Falling Due Within One Year (681,565 ) (689,413 )
NET CURRENT ASSETS (LIABILITIES) (663,282 ) (666,375 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,457,792 1,705,181
PROVISIONS FOR LIABILITIES
Deferred Taxation (189,130 ) (245,332 )
NET ASSETS 1,268,662 1,459,849
CAPITAL AND RESERVES
Called up share capital 6 675,789 675,789
Revaluation reserve 7 566,585 754,085
Profit and Loss Account 26,288 29,975
SHAREHOLDERS' FUNDS 1,268,662 1,459,849
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Page 2
For the year ending 28 February 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr D S Basi
Director
20 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
JK 2D Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10788163 . The registered office is 20 Trowell Road, Wollaton, Nottingham, NG8 2DF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
2.2. Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the period.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 (2023: 4)
4 4
Page 3
Page 4
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 March 2023 3,547
Additions 540
As at 28 February 2024 4,087
Depreciation
As at 1 March 2023 1,991
Provided during the period 1,022
As at 28 February 2024 3,013
Net Book Value
As at 28 February 2024 1,074
As at 1 March 2023 1,556
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 2,370,000
Revaluations (250,000)
As at 28 February 2024 2,120,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 1,364,553 1,364,553
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 675,789 675,789
7. Reserves
Revaluation Reserve
£
As at 1 March 2023 754,085
Deficit on revaluation (187,500)
As at 28 February 2024 566,585
Included within deficit on revaluation for the year is the charge for deferred tax on revaluations only.
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