Company Registration No. 09596226 (England and Wales)
JOYFULTEX LTD
Unaudited accounts
for the year ended 31 May 2024
JOYFULTEX LTD
Unaudited accounts
Contents
JOYFULTEX LTD
Company Information
for the year ended 31 May 2024
Directors
Esther Olufunmilayo AKINPELU
OKEOWO, Emmaunal Ademola
Company Number
09596226 (England and Wales)
Registered Office
16 WESTLYN CLOSE
RAINHAM
RM13 9JP
ENGLAND
Accountants
TSP Partners LTD
81 Walesby Lane
New Ollerton
Newark
NG22 9UT
JOYFULTEX LTD
Statement of financial position
as at 31 May 2024
Tangible assets
2,590
5,793
Cash at bank and in hand
4,248
3,002
Net current assets
4,248
8,478
Total assets less current liabilities
6,838
14,271
Creditors: amounts falling due after more than one year
(24,679)
(25,613)
Net liabilities
(17,841)
(11,342)
Called up share capital
200
200
Profit and loss account
(18,041)
(11,542)
Shareholders' funds
(17,841)
(11,342)
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 directors acknowledge their 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 of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by
Esther Olufunmilayo AKINPELU
Director
Company Registration No. 09596226
JOYFULTEX LTD
Notes to the Accounts
for the year ended 31 May 2024
JOYFULTEX LTD is a private company, limited by shares, registered in England and Wales, registration number 09596226. The registered office is 16 WESTLYN CLOSE, RAINHAM, RM13 9JP, 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:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
3,005
9,809
2,605
15,419
At 31 May 2024
3,005
9,809
2,605
15,419
At 1 June 2023
2,115
4,906
2,605
9,626
Charge for the year
751
2,452
-
3,203
At 31 May 2024
2,866
7,358
2,605
12,829
At 31 May 2024
139
2,451
-
2,590
At 31 May 2023
890
4,903
-
5,793
JOYFULTEX LTD
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).