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Registered number: 09037681
Jash (DPS) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Contents
Page
Company Information 1
Accountants' Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Directors Mr Shisan Patel
Mr Bharatkumar Amin
Secretary Mr Pravinbhai Patel
Company Number 09037681
Registered Office 86 College Road
Perry Barr
Birmingham
B44 8DA
Accountants Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Page 1
Page 2
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Jash (DPS) Limited For The Year Ended 30 November 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jash (DPS) Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Jash (DPS) Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Jash (DPS) Limited and state those matters that we have agreed to state to the directors of Jash (DPS) Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jash (DPS) Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Jash (DPS) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Jash (DPS) Limited . You consider that Jash (DPS) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Jash (DPS) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
11 April 2025
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Page 2
Page 3
Balance Sheet
Registered number: 09037681
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 62,316 71,674
62,316 71,674
CURRENT ASSETS
Stocks 5 62,532 60,405
Debtors 6 27,571 18,726
Cash at bank and in hand 30,801 42,049
120,904 121,180
Creditors: Amounts Falling Due Within One Year 7 (171,078 ) (184,176 )
NET CURRENT ASSETS (LIABILITIES) (50,174 ) (62,996 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,142 8,678
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (7,121 ) (8,113 )
NET ASSETS 5,021 565
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 4,921 465
SHAREHOLDERS' FUNDS 5,021 565
Page 3
Page 4
For the year ending 30 November 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.
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 Shisan Patel
Director
11 April 2025
The notes on pages 5 to 8 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Jash (DPS) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09037681 . The registered office is 86 College Road, Perry Barr, Birmingham, B44 8DA.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. 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:
Leasehold 15 Years Straight Line
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.6. Taxation
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 8)
9 8
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2023 84,206 10,239 75,700 170,145
Additions - 9,700 1,700 11,400
Disposals - (10,239 ) - (10,239 )
As at 30 November 2024 84,206 9,700 77,400 171,306
Depreciation
As at 1 December 2023 44,710 683 53,078 98,471
Provided during the period 5,614 1,940 3,648 11,202
Disposals - (683 ) - (683 )
As at 30 November 2024 50,324 1,940 56,726 108,990
Net Book Value
As at 30 November 2024 33,882 7,760 20,674 62,316
As at 1 December 2023 39,496 9,556 22,622 71,674
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5. Stocks
2024 2023
£ £
Finished goods 62,532 60,405
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,862 7,005
Prepayments and accrued income 3,714 3,726
Other debtors 2,995 7,995
27,571 18,726
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,603 324
Other taxes and social security 599 797
VAT 1,385 1,249
Other creditors - Nisa a/c 26,265 27,489
Other creditors - Pension A/C 452 318
Other creditors - Payzone 1,272 1,480
Other creditors - Bharat Amin 71,682 71,682
Accruals and deferred income 6,271 5,819
Directors' loan accounts 59,549 75,018
171,078 184,176
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 7,121 8,113
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 7
Page 8
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 40,000 40,000
Later than one year and not later than five years 160,000 160,000
Later than five years 10,000 50,000
210,000 250,000
11. Related Party Transactions
The opening balance on the directors' current account was £75,018. The total debits and credits in the directors' loan account were £12,287.90 (2023 - £30,069) and Nil (2023 - £3,337) respectively. The balance at 30 November 2024 was £59,549.
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