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REGISTERED NUMBER: 04526608 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

JULAY TRADING LIMITED

JULAY TRADING LIMITED (REGISTERED NUMBER: 04526608)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JULAY TRADING LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: F Zhou
Y S Zou





SECRETARY: F Zhou





REGISTERED OFFICE: Eastlands Court
St Peters Road
Rugby
Warwickshire
CV21 3QP





REGISTERED NUMBER: 04526608 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

JULAY TRADING LIMITED (REGISTERED NUMBER: 04526608)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 297 868

CURRENT ASSETS
Debtors 5 509,933 441,979
Cash at bank 48,310 170,489
558,243 612,468
CREDITORS
Amounts falling due within one year 6 (8,206 ) (4,506 )
NET CURRENT ASSETS 550,037 607,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

550,334

608,830

PROVISIONS FOR LIABILITIES 7 (77 ) (220 )
NET ASSETS 550,257 608,610

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 550,237 608,590
SHAREHOLDERS' FUNDS 550,257 608,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





Y S Zou - Director


JULAY TRADING LIMITED (REGISTERED NUMBER: 04526608)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Julay Trading Limited is a private company, limited by share capital, incorporated in England and Wales. The address of the registered office is Eastlands Court, St Peters Road, Rugby, Warwickshire, CV21 3QP and the company registration number is 04526608.

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.

The presentational currency of the financial statements is pound sterling (£) and the figures are rounded to the nearest £1.

Turnover
Turnover represents income received from the wholesale of imported goods. It is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant and machinery- 25% reducing balance
Computer equipment- 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


JULAY TRADING LIMITED (REGISTERED NUMBER: 04526608)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

i) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

ii) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leasing commitments
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023 7,486
Disposals (6,781 )
At 30 September 2024 705
DEPRECIATION
At 1 October 2023 6,618
Charge for year 99
Eliminated on disposal (6,309 )
At 30 September 2024 408
NET BOOK VALUE
At 30 September 2024 297
At 30 September 2023 868

JULAY TRADING LIMITED (REGISTERED NUMBER: 04526608)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 26,451
Other debtors 509,933 415,528
509,933 441,979

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 8,206 4,506

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 77 220

Deferred
tax
£   
Balance at 1 October 2023 220
Utilised during year (143 )
Balance at 30 September 2024 77

8. RELATED PARTY DISCLOSURES

At the year end, the company was owed £3,426 (2023: £41,613) from a company with common ownership.