JNS INNOVATION LTD

Company Registration Number:
06787745 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

JNS INNOVATION LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

JNS INNOVATION LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 7,360 7,943
Total fixed assets: 7,360 7,943
Current assets
Stocks: 10,236 12,846
Debtors:   149,636 131,059
Cash at bank and in hand: 10,615 16,349
Total current assets: 170,487 160,254
Creditors: amounts falling due within one year:   (70,186) (70,863)
Net current assets (liabilities): 100,301 89,391
Total assets less current liabilities: 107,661 97,334
Creditors: amounts falling due after more than one year:   (24,167) (34,167)
Provision for liabilities: (6,887) (6,887)
Total net assets (liabilities): 76,607 56,280
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 76,606 56,279
Shareholders funds: 76,607 56,280

The notes form part of these financial statements

JNS INNOVATION LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 March 2025
and signed on behalf of the board by:

Name: Dr C E Dunnett
Status: Director

The notes form part of these financial statements

JNS INNOVATION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 33% on cost and 25% on reducing balance

Other accounting policies

Stocks Stocks 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. Hire purchase and leasing commitments Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Going concern The director has considered the financial position of the company and believes it is well placed to manage its business risks successfully. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus continues to adopt the going concern basis of preparation in preparing the financial statements.

JNS INNOVATION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

JNS INNOVATION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 29,594
Additions 1,960
At 31 March 2024 31,554
Depreciation
At 01 April 2023 21,651
Charge for year 2,543
At 31 March 2024 24,194
Net book value
At 31 March 2024 7,360
At 31 March 2023 7,943

JNS INNOVATION LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Related party transactions

During the year the company was controlled by Dr C E Dunnett.