Company Registration No. 11371829 (England and Wales)
Jara Trading Ltd
Unaudited accounts
for the year ended 31 May 2024
Jara Trading Ltd
Unaudited accounts
Contents
Jara Trading Ltd
Company Information
for the year ended 31 May 2024
Company Number
11371829 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Jara Trading Ltd
Statement of financial position
as at 31 May 2024
Intangible assets
2,471
2,866
Tangible assets
9,301
6,595
Inventories
579,300
432,291
Cash at bank and in hand
133,518
151,914
Creditors: amounts falling due within one year
(327,000)
(308,986)
Net current assets
523,626
433,787
Total assets less current liabilities
535,398
443,248
Creditors: amounts falling due after more than one year
(10,925)
(20,878)
Net assets
524,473
422,370
Called up share capital
100
100
Profit and loss account
524,373
422,270
Shareholders' funds
524,473
422,370
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 24 February 2025 and were signed on its behalf by
R Englard
Director
Company Registration No. 11371829
Jara Trading Ltd
Notes to the Accounts
for the year ended 31 May 2024
Jara Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 11371829. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Trademarks - 10 years straight line
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
25% reducing balance
Computer equipment
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Jara Trading Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
-
2,299
10,408
12,707
Additions
4,482
820
505
5,807
At 31 May 2024
4,482
3,119
10,913
18,514
At 1 June 2023
-
1,009
5,103
6,112
Charge for the year
1,121
527
1,453
3,101
At 31 May 2024
1,121
1,536
6,556
9,213
At 31 May 2024
3,361
1,583
4,357
9,301
At 31 May 2023
-
1,290
5,305
6,595
Finished goods
579,300
432,291
Amounts falling due within one year
Trade debtors
129,349
124,607
Accrued income and prepayments
2,290
569
Other debtors
6,169
33,392
Jara Trading Ltd
Notes to the Accounts
for the year ended 31 May 2024
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,718
9,718
Trade creditors
73,722
22,640
Taxes and social security
49,302
47,420
Other creditors
1,099
39,609
Loans from directors
135,890
133,817
9
Creditors: amounts falling due after more than one year
2024
2023
10
Transactions with related parties
Included within other creditors is an amount of £135,890 (2023: £133,817) due to a director of the company.
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).