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Registration number: 12811360

Jordan Perry Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Jordan Perry Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Jordan Perry Ltd

Company Information

Directors

Mr Jordan Perry-Brown

Mr Jack Perry-Brown

Registered office

9a Church Walk
Crawley
West Sussex
RH10 1HH

Accountants

MJD Accounting Limited
Chartered Accountants165 Apex
West Green Drive
Crawley
West Sussex
RH11 7QL

 

Jordan Perry Ltd

(Registration number: 12811360)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,379

7,549

Current assets

 

Stocks

5

1,000

1,000

Debtors

6

7,321

302

Cash at bank and in hand

 

5,112

13,386

 

13,433

14,688

Creditors: Amounts falling due within one year

7

(13,855)

(12,003)

Net current (liabilities)/assets

 

(422)

2,685

Total assets less current liabilities

 

3,957

10,234

Provisions for liabilities

(832)

(1,417)

Net assets

 

3,125

8,817

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

3,124

8,816

Shareholders' funds

 

3,125

8,817

For the financial 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.

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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2025 and signed on its behalf by:
 

.......................................................

Mr Jordan Perry-Brown
Director

 

Jordan Perry Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9a Church Walk
Crawley
West Sussex
RH10 1HH

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The presentational currency is sterling.

Going concern

The financial statements have been prepared on a going concern basis.

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 and deferred 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.

 

Jordan Perry Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

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

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% straight line basis

Computer equipment

33.33% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are 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.

3

Staff numbers

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

 

Jordan Perry Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 September 2023

16,606

1,422

18,028

Additions

574

-

574

At 31 August 2024

17,180

1,422

18,602

Depreciation

At 1 September 2023

9,673

806

10,479

Charge for the year

3,436

308

3,744

At 31 August 2024

13,109

1,114

14,223

Carrying amount

At 31 August 2024

4,071

308

4,379

At 31 August 2023

6,933

616

7,549

5

Stocks

2024
£

2023
£

Salon stock

1,000

1,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

3,007

302

Other debtors

4,314

-

 

7,321

302

 

Jordan Perry Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,450

2,288

Taxation and social security

9,796

8,127

Accruals and deferred income

1,562

1,047

Other creditors

1,047

541

13,855

12,003

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

9

Related party transactions

Director advances, credits and guarantees

During the year ended 31 August 2024 the company advanced unsecured loans amounting to £4,626 (2023 - nil) to the director of the company. The loans were interest free and had no fixed repayment date. The company received repayments of £312 (2023 - nil).