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REGISTERED NUMBER: 09691736 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

JK Food & Drinks Limited

JK Food & Drinks Limited (Registered number: 09691736)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JK Food & Drinks Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J Singh





REGISTERED OFFICE: Unit 9A
Grand Union Way
Southall
Middlesex
UB2 4EX





REGISTERED NUMBER: 09691736 (England and Wales)





ACCOUNTANTS: SK Associates Ltd
1 Agincourt Villas
Uxbridge Road
Hillingdon
Middlesex
UB10 0NX

JK Food & Drinks Limited (Registered number: 09691736)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 301,617 302,021

CURRENT ASSETS
Stocks - 6,921
Debtors 5 132,640 156,494
Cash at bank and in hand 99,343 19,892
231,983 183,307
CREDITORS
Amounts falling due within one year 6 312,020 277,214
NET CURRENT LIABILITIES (80,037 ) (93,907 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,580

208,114

CREDITORS
Amounts falling due after more than
one year

7

(106,735

)

(113,203

)

PROVISIONS FOR LIABILITIES (12,328 ) (12,328 )
NET ASSETS 102,517 82,583

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 52,558 52,558
Retained earnings 49,859 29,925
102,517 82,583

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

JK Food & Drinks Limited (Registered number: 09691736)

Balance Sheet - continued
31 July 2024


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 23 May 2025 and were signed by:





J Singh - Director


JK Food & Drinks Limited (Registered number: 09691736)

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

1. STATUTORY INFORMATION

JK Food & Drinks Limited is a private company, limited by shares , registered in England and Wales. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

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

JK Food & Drinks Limited (Registered number: 09691736)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 300,000 4,173 304,173
DEPRECIATION
At 1 August 2023 - 2,152 2,152
Charge for year - 404 404
At 31 July 2024 - 2,556 2,556
NET BOOK VALUE
At 31 July 2024 300,000 1,617 301,617
At 31 July 2023 300,000 2,021 302,021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 132,640 156,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 23,157 23,157
Trade creditors 36,817 36,817
Taxation and social security 6,429 2,999
Other creditors 245,617 214,241
312,020 277,214

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 106,735 113,203

JK Food & Drinks Limited (Registered number: 09691736)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 129,892 136,360

9. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 52,558

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.7.24 31.7.23
£    £   
J Singh
Balance outstanding at start of year 63,454 80,113
Amounts advanced 39,141 -
Amounts repaid - (16,659 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 102,595 63,454

11. RELATED PARTY DISCLOSURES

At the balance sheet date, other debtors include a loan of £105.140 (2023 - £95,140) to a company in which the director has common control. This loan is unsecured, interest free and repayable on demand.