Company Registration No. 05218000 (England and Wales)
Jasmine News Limited
Unaudited accounts
for the year ended 31 August 2024
Jasmine News Limited
Unaudited accounts
Contents
Jasmine News Limited
Company Information
for the year ended 31 August 2024
Directors
Jasvinder Singh Randhawa
Parmjeet Kaur Randhawa
Secretary
Jasvinder Singh Randhawa
Company Number
05218000 (England and Wales)
Registered Office
8 PINNER VIEW
HARROW
MIDDLESEX
HA1 4QA
Accountants
A J Shah and Company
8 Pinner View
Harrow
Middlesex
HA1 4QA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Jasmine News Limited for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Jasmine News Limited for the year ended
31 August 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Jasmine News Limited, as a body, in accordance with the terms of our engagement letter dated 3 March 2025. Our work has been undertaken solely to prepare for your approval the accounts of Jasmine News Limited and state those matters that we have agreed to state to the Board of Directors of Jasmine News Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jasmine News Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Jasmine News 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 of Jasmine News Limited. You consider that Jasmine News 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 Jasmine News 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 statutory accounts.
A J Shah and Company
Chartered Accountants
8 Pinner View
Harrow
Middlesex
HA1 4QA
31 March 2025
Jasmine News Limited
Statement of financial position
as at 31 August 2024
Intangible assets
3,420
6,255
Tangible assets
1,528
6,684
Cash at bank and in hand
74,122
54,787
Creditors: amounts falling due within one year
(97,381)
(82,401)
Net current assets
149,059
100,119
Total assets less current liabilities
154,007
113,058
Creditors: amounts falling due after more than one year
(113,431)
(89,692)
Called up share capital
10
10
Profit and loss account
40,566
23,356
Shareholders' funds
40,576
23,366
For the year ending 31 August 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
Jasvinder Singh Randhawa
Director
Company Registration No. 05218000
Jasmine News Limited
Notes to the Accounts
for the year ended 31 August 2024
Jasmine News Limited is a private company, limited by shares, registered in England and Wales, registration number 05218000. The registered office is 8 PINNER VIEW, HARROW, MIDDLESEX, HA1 4QA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
105 on straight line basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill is amprtised at 4 % on straight Line basis
4
Intangible fixed assets
Goodwill
At 1 September 2023
70,866
At 1 September 2023
64,611
Jasmine News Limited
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery
At 1 September 2023
103,135
At 1 September 2023
96,451
Amounts falling due within one year
Amounts due from group undertakings etc.
75,016
46,016
Accrued income and prepayments
14,038
14,038
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
25,000
25,000
Trade creditors
31,510
45,031
Amounts owed to group undertakings and other participating interests
37,448
13,560
Taxes and social security
10,418
1,151
Loans from directors
(13,956)
(25,260)
8
Creditors: amounts falling due after more than one year
2024
2023
Jasmine News Limited
Notes to the Accounts
for the year ended 31 August 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan from Director
(12,705)
12,238
-
(467)
Loan from Director
(12,705)
12,238
-
(467)
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).