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REGISTERED NUMBER: 08074354 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

JKL Traders Limited

JKL Traders Limited (Registered number: 08074354)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JKL Traders Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J D Playle
K Playle





REGISTERED OFFICE: 25 Chestnut Avenue
Billericay
Essex
CM12 9JF





REGISTERED NUMBER: 08074354 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

JKL Traders Limited (Registered number: 08074354)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 41,057 -
41,057 -

CURRENT ASSETS
Inventories 185,134 188,832
Debtors 6 88,740 5,833
Cash at bank 80,107 116,612
353,981 311,277
CREDITORS
Amounts falling due within one year 7 112,829 102,456
NET CURRENT ASSETS 241,152 208,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,209

208,821

CREDITORS
Amounts falling due after more than one year 8 13,957 23,967
NET ASSETS 268,252 184,854

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 268,152 184,754
SHAREHOLDERS' FUNDS 268,252 184,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JKL Traders Limited (Registered number: 08074354)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





J D Playle - Director


JKL Traders Limited (Registered number: 08074354)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

JKL Traders Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
There are no significant judgement or estimates pertaining to these accounts

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

JKL Traders Limited (Registered number: 08074354)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Functional currency
The company function currency is £ Sterling.

Financial instruments
Basic financial instrument comprising debtors bank and cash balance are recorded at fair value

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 103,153
AMORTISATION
At 1 June 2023
and 31 May 2024 103,153
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

JKL Traders Limited (Registered number: 08074354)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 June 2023 73,884
Additions 45,619
At 31 May 2024 119,503
DEPRECIATION
At 1 June 2023 73,884
Charge for year 4,562
At 31 May 2024 78,446
NET BOOK VALUE
At 31 May 2024 41,057
At 31 May 2023 -

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Prepayments and accrued income - 5,833

Amounts falling due after more than one year:
Directors' loan accounts 88,740 -

Aggregate amounts 88,740 5,833

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 9,300 9,600
Trade creditors 40,320 51,932
Tax 9,818 14,869
Social security and other taxes 4,680 5,900
VAT 27,956 17,789
Accrued expenses 20,755 2,366
112,829 102,456

JKL Traders Limited (Registered number: 08074354)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,957 23,608
Directors' loan accounts - 359
13,957 23,967

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
95 Ordinary A £1 95 95
5 Ordinary B £1 5 5
100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2023 184,754
Profit for the year 83,398
At 31 May 2024 268,152