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JADE TECHNOLOGIES LIMITED

Registered Number
15043871
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2024

JADE TECHNOLOGIES LIMITED
Company Information
for the period from 2 August 2023 to 31 August 2024

Director

Che Sampat

Registered Address

7 Bell Yard
London
WC2A 2JR

Registered Number

15043871 (England and Wales)
JADE TECHNOLOGIES LIMITED
Statement of Financial Position
31 August 2024

Notes

2024

£

£

Current assets
Debtors317,711
Cash at bank and on hand10,406
28,117
Creditors amounts falling due within one year4(28,096)
Net current assets (liabilities)21
Total assets less current liabilities21
Net assets21
Capital and reserves
Called up share capital100
Profit and loss account(79)
Shareholders' funds21
The financial statements were approved and authorised for issue by the Director on 17 March 2025, and are signed on its behalf by:
Che Sampat
Director
Registered Company No. 15043871
JADE TECHNOLOGIES LIMITED
Notes to the Financial Statements
for the period ended 31 August 2024

1.Accounting policies
Statutory information
The company was incorporated on 2 August 2023 and commenced trading on the same date. The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in pound sterling and this is the functional currency of the company.
Going concern
Having reviewed the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has therefore adopted the going concern basis of accounting in preparing these financial statements for the company's first accounting period.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. In the director's opinion there are no critical judgements made by management that have a significant effect on the amounts recognised in these financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The company's turnover is wholly derived from the provision of digital services.
Revenue from rendering of services
The company's revenue is generated through the provision of digital services via a technology platform designed to help merchants and partners prevent or recover chargebacks. Revenue is recognized based on chargebacks either prevented or recovered during the period in which the prevention or representation occurred.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax represents the amount of tax payable or receivable in respect of taxable profit or loss for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid or recovered using the tax rates and laws which have been enacted, or substantively enacted, by the statement of financial position date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable. Current tax is recognised in profit or loss.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at banks, including e-money institutions and merchant accounts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

2024
Average number of employees during the year0
3.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables12,327
Other debtors4,392
Prepayments and accrued income992
Total17,711
4.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables19,726
Taxation and social security52
Other creditors8,318
Total28,096