IRIS Accounts Production v25.1.3.33 SC638879 director 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6388792023-08-31SC6388792024-08-31SC6388792023-09-012024-08-31SC6388792022-08-31SC6388792022-09-012023-08-31SC6388792023-08-31SC638879ns15:Scotland2023-09-012024-08-31SC638879ns14:PoundSterling2023-09-012024-08-31SC638879ns10:Director12023-09-012024-08-31SC638879ns10:PrivateLimitedCompanyLtd2023-09-012024-08-31SC638879ns10:SmallEntities2023-09-012024-08-31SC638879ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-31SC638879ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-31SC638879ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-31SC638879ns10:FullAccounts2023-09-012024-08-31SC638879ns10:CompanySecretary12023-09-012024-08-31SC638879ns10:RegisteredOffice2023-09-012024-08-31SC638879ns5:CurrentFinancialInstruments2024-08-31SC638879ns5:CurrentFinancialInstruments2023-08-31SC638879ns5:Non-currentFinancialInstruments2024-08-31SC638879ns5:Non-currentFinancialInstruments2023-08-31SC638879ns5:ShareCapital2024-08-31SC638879ns5:ShareCapital2023-08-31SC638879ns5:RetainedEarningsAccumulatedLosses2024-08-31SC638879ns5:RetainedEarningsAccumulatedLosses2023-08-31SC638879ns5:PlantMachinery2023-09-012024-08-31SC638879ns5:PlantMachinery2023-08-31SC638879ns5:PlantMachinery2024-08-31SC638879ns5:PlantMachinery2023-08-31SC638879ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-31SC638879ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-012024-08-31SC638879ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-08-31SC638879ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-31SC638879ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-31SC638879ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31SC638879ns5:CurrentFinancialInstruments2023-09-012024-08-31SC638879ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-08-31SC638879ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-08-31SC638879ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-08-31SC638879ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-08-31SC638879ns5:HirePurchaseContracts2024-08-31SC638879ns5:HirePurchaseContracts2023-08-31SC6388791ns10:Director12023-08-31SC6388791ns10:Director12022-08-31SC6388791ns10:Director12023-09-012024-08-31SC6388791ns10:Director12022-09-012023-08-31SC6388791ns10:Director12024-08-31SC6388791ns10:Director12023-08-31
REGISTERED NUMBER: SC638879 (Scotland)




















Jse Chans Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2024






Jse Chans Ltd (Registered number: SC638879)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jse Chans Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr K M Chan



SECRETARY: Mr K M Chan



REGISTERED OFFICE: 78 Niddrie Mains Road
Edinburgh
EH16 4BG



REGISTERED NUMBER: SC638879 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: The Royal Bank of Scotland
12 Bridge Street
Musselburgh
EH21 6AH

Jse Chans Ltd (Registered number: SC638879)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 35,350 52,318

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 16,084 51,317
Cash at bank and in hand 41,569 23,719
61,653 79,036
CREDITORS
Amounts falling due within one year 6 58,308 46,788
NET CURRENT ASSETS 3,345 32,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,695

84,566

CREDITORS
Amounts falling due after more than
one year

7

(32,639

)

(52,608

)

PROVISIONS FOR LIABILITIES (5,748 ) (8,487 )
NET ASSETS 308 23,471

Jse Chans Ltd (Registered number: SC638879)

Balance Sheet - continued
31 August 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 307 23,470
SHAREHOLDERS' FUNDS 308 23,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 May 2025 and were signed by:





Mr K M Chan - Director


Jse Chans Ltd (Registered number: SC638879)

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

1. STATUTORY INFORMATION

Jse Chans Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover, which represents net invoiced sales of goods exclusive of value added tax, is recognised at the point when a meal is served or delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Jse Chans Ltd (Registered number: SC638879)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions for liabilities
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

Jse Chans Ltd (Registered number: SC638879)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 76,682
Additions 1,947
At 31 August 2024 78,629
DEPRECIATION
At 1 September 2023 24,364
Charge for year 18,915
At 31 August 2024 43,279
NET BOOK VALUE
At 31 August 2024 35,350
At 31 August 2023 52,318

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 52,990
DEPRECIATION
At 1 September 2023 13,248
Charge for year 13,248
At 31 August 2024 26,496
NET BOOK VALUE
At 31 August 2024 26,494
At 31 August 2023 39,742

Jse Chans Ltd (Registered number: SC638879)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 16,084 51,317

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,312 10,056
Hire purchase contracts (see note 8) 9,598 9,598
Taxation and social security 9,952 7,924
Other creditors 28,446 19,210
58,308 46,788

The director's current account is unsecured, interest free and has no fixed repayment period.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,844 18,215
Hire purchase contracts (see note 8) 24,795 34,393
32,639 52,608

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 9,598 9,598
Between one and five years 24,795 34,393
34,393 43,991

The company has minimum lease payments under non-cancellable operating leases totalling £98,000 (2023: £110,000).

Jse Chans Ltd (Registered number: SC638879)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr K M Chan
Balance outstanding at start of year 34,647 34,119
Amounts advanced 60 762
Amounts repaid (45,788 ) (234 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11,081 ) 34,647