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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
Page
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Jara Trading Ltd Company Information for the year ended 31 May 2024
Director
R Englard
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
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Jara Trading Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,471 
2,866 
Tangible assets
9,301 
6,595 
11,772 
9,461 
Current assets
Inventories
579,300 
432,291 
Debtors
137,808 
158,568 
Cash at bank and in hand
133,518 
151,914 
850,626 
742,773 
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 
Capital and reserves
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
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Jara Trading Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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.
Intangible fixed assets
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
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.
Foreign exchange
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.
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Jara Trading Ltd Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
3,954 
At 31 May 2024
3,954 
Amortisation
At 1 June 2023
1,088 
Charge for the year
395 
At 31 May 2024
1,483 
Net book value
At 31 May 2024
2,471 
At 31 May 2023
2,866 
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 
Depreciation
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 
Net book value
At 31 May 2024
3,361 
1,583 
4,357 
9,301 
At 31 May 2023
- 
1,290 
5,305 
6,595 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
579,300 
432,291 
579,300 
432,291 
7
Debtors
2024 
2023 
£ 
£ 
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 
137,808 
158,568 
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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 
VAT
55,244 
53,582 
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 
Accruals
2,025 
2,200 
327,000 
308,986 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,925 
20,878 
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).
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