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REGISTERED NUMBER: 05332502















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

JULES CONVENIENCE LIMITED

JULES CONVENIENCE LIMITED (REGISTERED NUMBER: 05332502)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JULES CONVENIENCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mrs G K Duhra





REGISTERED OFFICE: 85 Haybridge Road
Hadley
Telford
Shropshire
TF1 5JJ





REGISTERED NUMBER: 05332502

JULES CONVENIENCE LIMITED (REGISTERED NUMBER: 05332502)

BALANCE SHEET
31 JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,750 11,500
Tangible assets 5 8,459 9,651
14,209 21,151

CURRENT ASSETS
Stocks 6 40,391 37,473
Cash at bank and in hand 15,766 16,853
56,157 54,326
CREDITORS
Amounts falling due within one year 7 68,421 74,003
NET CURRENT LIABILITIES (12,264 ) (19,677 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,945

1,474

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 945 474
SHAREHOLDERS' FUNDS 1,945 1,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 23 October 2024 and were signed by:



Mrs G K Duhra - Director


JULES CONVENIENCE LIMITED (REGISTERED NUMBER: 05332502)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Jules Convenience Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

JULES CONVENIENCE LIMITED (REGISTERED NUMBER: 05332502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 115,000
AMORTISATION
At 1 February 2023 103,500
Amortisation for year 5,750
At 31 January 2024 109,250
NET BOOK VALUE
At 31 January 2024 5,750
At 31 January 2023 11,500

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2023 27,843 600 28,443
Disposals - (600 ) (600 )
At 31 January 2024 27,843 - 27,843
DEPRECIATION
At 1 February 2023 18,445 347 18,792
Charge for year 939 - 939
Eliminated on disposal - (347 ) (347 )
At 31 January 2024 19,384 - 19,384
NET BOOK VALUE
At 31 January 2024 8,459 - 8,459
At 31 January 2023 9,398 253 9,651

6. STOCKS
31/1/24 31/1/23
£    £   
Stocks 40,391 37,473

JULES CONVENIENCE LIMITED (REGISTERED NUMBER: 05332502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 709 586
Tax 6,427 6,481
VAT 2,799 2,756
Other creditors 1,860 1,825
Directors' current accounts 54,018 59,524
Accrued expenses 2,608 2,831
68,421 74,003

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 February 2023 474
Profit for the year 20,471
Dividends (20,000 )
At 31 January 2024 945

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2023 - £19,000) were paid to the director .