Jessabs Limited 04540435 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is rental property Digita Accounts Production Advanced 6.30.9574.0 true 04540435 2023-10-01 2024-09-30 04540435 2024-09-30 04540435 core:RetainedEarningsAccumulatedLosses 2024-09-30 04540435 core:ShareCapital 2024-09-30 04540435 core:CurrentFinancialInstruments 2024-09-30 04540435 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04540435 core:LandBuildings 2024-09-30 04540435 bus:SmallEntities 2023-10-01 2024-09-30 04540435 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04540435 bus:FilletedAccounts 2023-10-01 2024-09-30 04540435 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04540435 bus:RegisteredOffice 2023-10-01 2024-09-30 04540435 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 04540435 bus:Director3 2023-10-01 2024-09-30 04540435 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04540435 core:LandBuildings 2023-10-01 2024-09-30 04540435 countries:AllCountries 2023-10-01 2024-09-30 04540435 2023-09-30 04540435 core:LandBuildings 2023-09-30 04540435 2022-10-01 2023-09-30 04540435 2023-09-30 04540435 core:RetainedEarningsAccumulatedLosses 2023-09-30 04540435 core:ShareCapital 2023-09-30 04540435 core:CurrentFinancialInstruments 2023-09-30 04540435 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 04540435 core:LandBuildings 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 04540435

Jessabs Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Jessabs Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Jessabs Limited

Company Information

Directors

Mrs S Lipkin

Dr G Lipkin

Company secretary

Mrs S Lipkin

Registered office

25 Goodby Road
Moseley
Birmingham
B13 8RH

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Jessabs Limited

(Registration number: 04540435)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

177,661

177,661

Current assets

 

Debtors

8,262

-

Cash at bank and in hand

 

142,729

127,411

 

150,991

127,411

Creditors: Amounts falling due within one year

5

(80,601)

(78,746)

Net current assets

 

70,390

48,665

Net assets

 

248,051

226,326

Capital and reserves

 

Called up share capital

2

2

Retained earnings

248,049

226,324

Shareholders' funds

 

248,051

226,326

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 May 2025 and signed on its behalf by:
 

.........................................
Mrs S Lipkin
Company secretary and director

   
     
 

Jessabs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
25 Goodby Road
Moseley
Birmingham
B13 8RH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006,

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Jessabs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Not provided

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Jessabs Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2023

177,661

177,661

At 30 September 2024

177,661

177,661

Depreciation

Carrying amount

At 30 September 2024

177,661

177,661

At 30 September 2023

177,661

177,661

Included within the net book value of land and buildings above is £177,661 (2023 - £177,661) in respect of freehold land and buildings.
 

5

Creditors

2024
£

2023
£

Due within one year

Amounts owed to related parties

74,734

74,674

Other creditors

5,867

4,072

80,601

78,746