Caseware UK (AP4) 2024.0.164 2024.0.164 2024-02-292024-02-292025-05-12false2023-03-01Sales of catering equipment11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10633881 2023-03-01 2024-02-29 10633881 2022-03-01 2023-02-28 10633881 2024-02-29 10633881 2023-02-28 10633881 c:Director1 2023-03-01 2024-02-29 10633881 d:MotorVehicles 2023-03-01 2024-02-29 10633881 d:MotorVehicles 2024-02-29 10633881 d:MotorVehicles 2023-02-28 10633881 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10633881 d:FurnitureFittings 2024-02-29 10633881 d:FurnitureFittings 2023-02-28 10633881 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10633881 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 10633881 d:CurrentFinancialInstruments 2024-02-29 10633881 d:CurrentFinancialInstruments 2023-02-28 10633881 d:Non-currentFinancialInstruments 2024-02-29 10633881 d:Non-currentFinancialInstruments 2023-02-28 10633881 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 10633881 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10633881 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 10633881 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 10633881 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 10633881 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 10633881 d:ShareCapital 2024-02-29 10633881 d:ShareCapital 2023-02-28 10633881 d:RetainedEarningsAccumulatedLosses 2024-02-29 10633881 d:RetainedEarningsAccumulatedLosses 2023-02-28 10633881 c:FRS102 2023-03-01 2024-02-29 10633881 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 10633881 c:FullAccounts 2023-03-01 2024-02-29 10633881 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10633881 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 10633881










JEROS (UK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
JEROS (UK) LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFJEROS (UK) LIMITED
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jeros (UK) Limited for the year ended 29 February 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Jeros (UK) Limited in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Jeros (UK) Limited and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jeros (UK) Limited and its  director for our work or for this report.
 
 
It is your duty to ensure that Jeros (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Jeros (UK) Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Jeros (UK) 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 financial statements.







Shipleys Tax Planning

12 May 2025
Page 1

 
JEROS (UK) LIMITED
REGISTERED NUMBER: 10633881

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,624
11,248

  
5,624
11,248

Current assets
  

Stocks
  
52,680
44,149

Debtors: amounts falling due within one year
 5 
460,632
253,612

Cash at bank and in hand
 6 
48,660
71,023

  
561,972
368,784

Creditors: amounts falling due within one year
 7 
(339,499)
(250,159)

Net current assets
  
 
 
222,473
 
 
118,625

Total assets less current liabilities
  
228,097
129,873

Creditors: amounts falling due after more than one year
 8 
(103,793)
-

  

Net assets
  
124,304
129,873


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
124,204
129,773

  
124,304
129,873


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 May 2025.


Page 2

 
JEROS (UK) LIMITED
REGISTERED NUMBER: 10633881

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024





Amjad Alikhan
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
JEROS (UK) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Jeros (UK) Ltd is a company domiciled in England & Wales, registration number 10633881. The registered office is Unit 13 Sky Business Park, Auckley, Doncaster, DN9 3GN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
JEROS (UK) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 5

 
JEROS (UK) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
JEROS (UK) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets







Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 March 2023
22,495
2,657
25,152



At 29 February 2024

22,495
2,657
25,152



Depreciation


At 1 March 2023
11,248
2,656
13,904


Charge for the year on owned assets
5,624
-
5,624



At 29 February 2024

16,872
2,656
19,528



Net book value



At 29 February 2024
5,623
1
5,624



At 28 February 2023
11,247
1
11,248


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
31,639
70,981

Other debtors
428,993
182,631

460,632
253,612


Page 7

 
JEROS (UK) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
48,660
71,023

48,660
71,023



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
-
50,178

Trade creditors
138,372
143,650

Corporation tax
12,949
15,899

Other taxation and social security
79,870
28,844

Obligations under finance lease and hire purchase contracts
2,750
9,498

Other creditors
-
650

Accruals and deferred income
105,558
1,440

339,499
250,159



8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
103,793
-

103,793
-


Page 8

 
JEROS (UK) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
-
50,178


-
50,178

Amounts falling due 1-2 years

Bank loans
103,792
-


103,792
-



103,792
50,178



10.


Related party transactions

During the year the company loaned General Catering Ltd (a company which is owned by the director Amjad Alikhan) £220,450 (2023: £NIL). At the balance sheet date other debtors included £386,650   (2023: £386,650) as amounts owed to the company from General Catering Ltd.
During the year the company loaned the director Amjad Alikhan £42,343 
(2023: £16,433), this was paid shortly after the year end. At the balance sheet date other debtors included £42,343 (2023: £16,433) as amounts owed to the company from the director.


11.


Controlling party

The company is controlled by the director Amjad Alikhan.


Page 9