Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity1212truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07985274 2023-04-01 2024-03-31 07985274 2022-04-01 2023-03-31 07985274 2024-03-31 07985274 2023-03-31 07985274 c:Director1 2023-04-01 2024-03-31 07985274 d:FurnitureFittings 2023-04-01 2024-03-31 07985274 d:FurnitureFittings 2024-03-31 07985274 d:FurnitureFittings 2023-03-31 07985274 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07985274 d:CurrentFinancialInstruments 2024-03-31 07985274 d:CurrentFinancialInstruments 2023-03-31 07985274 d:Non-currentFinancialInstruments 2024-03-31 07985274 d:Non-currentFinancialInstruments 2023-03-31 07985274 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07985274 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07985274 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07985274 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07985274 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 07985274 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 07985274 d:ShareCapital 2024-03-31 07985274 d:ShareCapital 2023-03-31 07985274 d:RetainedEarningsAccumulatedLosses 2024-03-31 07985274 d:RetainedEarningsAccumulatedLosses 2023-03-31 07985274 c:FRS102 2023-04-01 2024-03-31 07985274 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07985274 c:FullAccounts 2023-04-01 2024-03-31 07985274 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07985274 2 2023-04-01 2024-03-31 07985274 6 2023-04-01 2024-03-31 07985274 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07985274









JENPAK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
JENPAK LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9


 
JENPAK LIMITED
REGISTERED NUMBER: 07985274

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
28,175
18,917

Investments
 5 
200
200

  
28,375
19,117

Current assets
  

Stocks
  
465,404
513,452

Debtors: amounts falling due within one year
 6 
566,664
490,191

Cash at bank and in hand
 7 
20,384
32,841

  
1,052,452
1,036,484

Creditors: amounts falling due within one year
 8 
(651,358)
(622,502)

Net current assets
  
 
 
401,094
 
 
413,982

Total assets less current liabilities
  
429,469
433,099

Creditors: amounts falling due after more than one year
 9 
(204,279)
(272,396)

  

Net assets
  
225,190
160,703


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
225,090
160,603

  
225,190
160,703


Page 1

 
JENPAK LIMITED
REGISTERED NUMBER: 07985274
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
N Khiroya
Director

Date: 21 March 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JENPAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Jenpak Limited is a private company, limited by shares, domiciled in England and Wales, registration number 07985274. The registered office is 3rd Floor, Sovereign House, 1 Albert House, London N3 1QB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
JENPAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
JENPAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
JENPAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 12).

Page 6

 
JENPAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2023
70,014


Additions
15,259



At 31 March 2024

85,273



Depreciation


At 1 April 2023
51,097


Charge for the year on owned assets
6,001



At 31 March 2024

57,098



Net book value



At 31 March 2024
28,175



At 31 March 2023
18,917

Page 7

 
JENPAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
200



At 31 March 2024
200





6.


Debtors

2024
2023
£
£


Trade debtors
275,879
215,503

Other debtors
280,806
267,605

Prepayments and accrued income
9,979
7,083

566,664
490,191



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
20,384
32,841

20,384
32,841


Page 8

 
JENPAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
454,515
462,503

Corporation tax
-
5,735

Other taxation and social security
46,574
38,054

Other creditors
144,519
110,460

Accruals and deferred income
5,750
5,750

651,358
622,502



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
204,279
272,396

204,279
272,396



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
204,279
272,396

204,279
272,396

204,279
272,396


 
Page 9