IRIS Accounts Production v25.1.0.734 07940805 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079408052023-07-31079408052024-07-31079408052023-08-012024-07-31079408052022-07-31079408052022-08-012023-07-31079408052023-07-3107940805ns15:EnglandWales2023-08-012024-07-3107940805ns14:PoundSterling2023-08-012024-07-3107940805ns10:Director12023-08-012024-07-3107940805ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3107940805ns10:SmallEntities2023-08-012024-07-3107940805ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3107940805ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3107940805ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3107940805ns10:FullAccounts2023-08-012024-07-3107940805ns10:RegisteredOffice2023-08-012024-07-3107940805ns5:CurrentFinancialInstruments2024-07-3107940805ns5:CurrentFinancialInstruments2023-07-3107940805ns5:Non-currentFinancialInstruments2024-07-3107940805ns5:Non-currentFinancialInstruments2023-07-3107940805ns5:ShareCapital2024-07-3107940805ns5:ShareCapital2023-07-3107940805ns5:RetainedEarningsAccumulatedLosses2024-07-3107940805ns5:RetainedEarningsAccumulatedLosses2023-07-3107940805ns5:MotorVehicles2023-08-012024-07-3107940805ns5:ComputerEquipment2023-08-012024-07-3107940805ns5:MotorVehicles2023-07-3107940805ns5:ComputerEquipment2023-07-3107940805ns5:MotorVehicles2024-07-3107940805ns5:ComputerEquipment2024-07-3107940805ns5:MotorVehicles2023-07-3107940805ns5:ComputerEquipment2023-07-3107940805ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3107940805ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31079408051ns10:Director12023-07-31079408051ns10:Director12022-07-31079408051ns10:Director12023-08-012024-07-31079408051ns10:Director12022-08-012023-07-31079408051ns10:Director12024-07-31079408051ns10:Director12023-07-31
REGISTERED NUMBER: 07940805 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Janak Fashions (London) Limited

Janak Fashions (London) Limited (Registered number: 07940805)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Janak Fashions (London) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: G Sethi





REGISTERED OFFICE: 43 Sweetcroft Lane
Hillingdon
Middlesex
UB10 9LE





REGISTERED NUMBER: 07940805 (England and Wales)





ACCOUNTANTS: SK Associates Ltd
1 Agincourt Villas
Uxbridge Road
Hillingdon
Middlesex
UB10 0NX

Janak Fashions (London) Limited (Registered number: 07940805)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,233 13,151

CURRENT ASSETS
Stocks 379,896 428,567
Debtors 5 530,916 408,934
Prepayments and accrued income - 5,927
Cash in hand 12,394 6,920
923,206 850,348
CREDITORS
Amounts falling due within one year 6 917,981 723,036
NET CURRENT ASSETS 5,225 127,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,458

140,463

CREDITORS
Amounts falling due after more than
one year

7

(8,521

)

(130,000

)

PROVISIONS FOR LIABILITIES (3,869 ) (3,869 )
NET ASSETS 4,068 6,594

Janak Fashions (London) Limited (Registered number: 07940805)

Balance Sheet - continued
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,968 6,494
4,068 6,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





G Sethi - Director


Janak Fashions (London) Limited (Registered number: 07940805)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Janak Fashions (London) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.


Janak Fashions (London) Limited (Registered number: 07940805)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 44,380 7,709 52,089
Additions - 900 900
At 31 July 2024 44,380 8,609 52,989
DEPRECIATION
At 1 August 2023 34,414 4,524 38,938
Charge for year 1,999 819 2,818
At 31 July 2024 36,413 5,343 41,756
NET BOOK VALUE
At 31 July 2024 7,967 3,266 11,233
At 31 July 2023 9,966 3,185 13,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 460,071 336,228
Other debtors 70,845 72,706
530,916 408,934

Janak Fashions (London) Limited (Registered number: 07940805)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 30,156 51,632
Trade creditors 269,590 278,361
Taxation and social security 92,927 82,468
Other creditors 525,308 310,575
917,981 723,036

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 8,521 -
Other creditors - 130,000
8,521 130,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
G Sethi
Balance outstanding at start of year 85,869 48,930
Amounts advanced 22,425 36,939
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 108,294 85,869