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Company Registration No. 12837918 (England and Wales)
JO'S ELECTRONICS LTD Unaudited accounts for the year ended 31 August 2024
JO'S ELECTRONICS LTD Unaudited accounts Contents
Page
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JO'S ELECTRONICS LTD Company Information for the year ended 31 August 2024
Director
Mohsen Nabil Saad ELHABASHY
Company Number
12837918 (England and Wales)
Registered Office
8-10 GREATOREX STREET LONDON E1 5NF UNITED KINGDOM
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JO'S ELECTRONICS LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
747 
934 
Current assets
Inventories
- 
12,550 
Debtors
7,028 
19,825 
Cash at bank and in hand
266 
705 
7,294 
33,080 
Creditors: amounts falling due within one year
- 
(25,636)
Net current assets
7,294 
7,444 
Net assets
8,041 
8,378 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
8,040 
8,377 
Shareholders' funds
8,041 
8,378 
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 director acknowledges his 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 and authorised for issue on 13 May 2025 and were signed on its behalf by
Mohsen Nabil Saad ELHABASHY Director Company Registration No. 12837918
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JO'S ELECTRONICS LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
JO'S ELECTRONICS LTD is a private company, limited by shares, registered in England and Wales, registration number 12837918. The registered office is 8-10 GREATOREX STREET, LONDON, E1 5NF, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
10% Reducing balance method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
1,622 
At 31 August 2024
1,622 
Depreciation
At 1 September 2023
688 
Charge for the year
187 
At 31 August 2024
875 
Net book value
At 31 August 2024
747 
At 31 August 2023
934 
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JO'S ELECTRONICS LTD Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,028 
14,467 
Other debtors
- 
5,358 
7,028 
19,825 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
1,987 
Other creditors
- 
23,649 
- 
25,636 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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