Company Registration No. 13403690 (England and Wales)
JORESP TRADING LTD
Unaudited accounts
for the year ended 31 May 2024
JORESP TRADING LTD
Unaudited accounts
Contents
JORESP TRADING LTD
Company Information
for the year ended 31 May 2024
Director
Jorge ESPINASA MILLAN
Company Number
13403690 (England and Wales)
Registered Office
8TH FLOOR ELIZABETH HOUSE
54-58 HIGH STREET
EDGWARE
MIDDLESEX
HA8 7EJ
ENGLAND
Accountants
Accountancy SOS
21 Gorsehill Road
Poole,
DORSET
BH15 3QH
JORESP TRADING LTD
Statement of financial position
as at 31 May 2024
Tangible assets
1,207
2,783
Cash at bank and in hand
49
11
Creditors: amounts falling due within one year
(18,040)
(17,539)
Net current liabilities
(17,151)
(16,688)
Net liabilities
(15,944)
(13,905)
Called up share capital
100
100
Profit and loss account
(16,044)
(14,005)
Shareholders' funds
(15,944)
(13,905)
For the year ending 31 May 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 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 5 February 2025 and were signed on its behalf by
Jorge ESPINASA MILLAN
Director
Company Registration No. 13403690
JORESP TRADING LTD
Notes to the Accounts
for the year ended 31 May 2024
JORESP TRADING LTD is a private company, limited by shares, registered in England and Wales, registration number 13403690. The registered office is 8TH FLOOR ELIZABETH HOUSE, 54-58 HIGH STREET, EDGWARE, MIDDLESEX, HA8 7EJ, ENGLAND.
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:
Fixtures & fittings
Provided at 25% on cost
Computer equipment
Provided at 33.33% on cost
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
1,703
3,451
5,154
At 31 May 2024
1,703
3,451
5,154
At 1 June 2023
852
1,519
2,371
Charge for the year
426
1,150
1,576
At 31 May 2024
1,278
2,669
3,947
At 31 May 2024
425
782
1,207
At 31 May 2023
851
1,932
2,783
JORESP TRADING LTD
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,000
15,000
Other creditors
1,016
1,015
Loans from directors
824
824
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).