Company Registration No. 05609285 (England and Wales)
JONVIC (UK) LTD.
Unaudited accounts
for the year ended 31 October 2024
JONVIC (UK) LTD.
Unaudited accounts
Contents
JONVIC (UK) LTD.
Company Information
for the year ended 31 October 2024
Company Number
05609285 (England and Wales)
Registered Office
85 Great Portland Street
1st Floor
London
W1W 7LT
England
Accountants
Olaando Consulting Ltd
7 Bell Yard
London
WC2A 2JR
JONVIC (UK) LTD.
Statement of financial position
as at 31 October 2024
Tangible assets
21,334
27,345
Cash at bank and in hand
39,606
89,163
Creditors: amounts falling due within one year
(9,776)
(14,630)
Net current assets
29,830
74,533
Total assets less current liabilities
57,289
108,003
Creditors: amounts falling due after more than one year
(16,340)
(20,118)
Called up share capital
2
2
Profit and loss account
40,947
87,883
Shareholders' funds
40,949
87,885
For the year ending 31 October 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 20 February 2025 and were signed on its behalf by
Kaye Kuye
Director
Company Registration No. 05609285
JONVIC (UK) LTD.
Notes to the Accounts
for the year ended 31 October 2024
JONVIC (UK) LTD. is a private company, limited by shares, registered in England and Wales, registration number 05609285. The registered office is 85 Great Portland Street, 1st Floor, London, W1W 7LT, 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:
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
33% Straight line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
24,239
71,194
1,994
97,427
At 31 October 2024
24,239
71,194
1,994
97,427
At 1 November 2023
19,762
49,004
1,316
70,082
Charge for the year
895
4,438
678
6,011
At 31 October 2024
20,657
53,442
1,994
76,093
At 31 October 2024
3,582
17,752
-
21,334
At 31 October 2023
4,477
22,190
678
27,345
JONVIC (UK) LTD.
Notes to the Accounts
for the year ended 31 October 2024
5
Investments
Other investments
Valuation at 1 November 2023
6,125
Valuation at 31 October 2024
6,125
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,441
4,441
Taxes and social security
-
13,858
Loans from directors
4,775
(4,219)
The bank loan of £4,441 is the 'amounts falling due within one year' on the Bounce Back Loan of £40,000 taken.
7
Creditors: amounts falling due after more than one year
2024
2023
The bank loan of £16,340 is the 'amounts falling due after more than one year' on the Bounce Back Loan of ££40,000 taken.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).