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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
Page
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JONVIC (UK) LTD. Company Information for the year ended 31 October 2024
Director
Kaye Kuye
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
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JONVIC (UK) LTD. Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,334 
27,345 
Investments
6,125 
6,125 
27,459 
33,470 
Current assets
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)
Net assets
40,949 
87,885 
Capital and reserves
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
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JONVIC (UK) LTD. Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
At 31 October 2024
3,582 
17,752 
- 
21,334 
At 31 October 2023
4,477 
22,190 
678 
27,345 
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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)
Accruals
560 
550 
9,776 
14,630 
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 
£ 
£ 
Bank loans
16,340 
20,118 
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.
8
Share capital
2024 
2023 
£ 
£ 
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).
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