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Registered number: 08566766
JVST Limited
Financial Statements
For The Year Ended 30 June 2024
NSG Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08566766
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,995 39,032
32,995 39,032
CURRENT ASSETS
Debtors 5 10,864 18,525
Cash at bank and in hand 3,067 1,175
13,931 19,700
Creditors: Amounts Falling Due Within One Year 6 (20,014 ) (19,783 )
NET CURRENT ASSETS (LIABILITIES) (6,083 ) (83 )
TOTAL ASSETS LESS CURRENT LIABILITIES 26,912 38,949
Creditors: Amounts Falling Due After More Than One Year 7 (26,597 ) (41,247 )
NET ASSETS/(LIABILITIES) 315 (2,298 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 215 (2,398 )
SHAREHOLDERS' FUNDS 315 (2,298)
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Harkaranpal Singh Rai
Director
25/03/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
JVST Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08566766 . The registered office is 48 Feslstead Way, Luton, Bedfordshire, LU2 7LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 7,000 48,950 750 56,700
As at 30 June 2024 7,000 48,950 750 56,700
Depreciation
As at 1 July 2023 4,757 12,162 749 17,668
Provided during the period 336 5,701 - 6,037
As at 30 June 2024 5,093 17,863 749 23,705
Net Book Value
As at 30 June 2024 1,907 31,087 1 32,995
As at 1 July 2023 2,243 36,788 1 39,032
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,062 12,161
Other debtors - 1,738
Director's loan account 3,802 4,626
10,864 18,525
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,600 13,411
Trade creditors 762 763
VAT 3,004 2,557
Accruals and deferred income 3,648 3,052
20,014 19,783
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 12,600
Bank loans 26,597 28,647
26,597 41,247
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,600 13,411
Later than one year and not later than five years - 12,600
12,600 26,011
12,600 26,011
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Harkaranpal Singh Rai 4,626 - 1,024 - 3,802
The above loan is unsecured, interest free and repayable on demand.
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