Registered number
01868007
Jasinski Limited
Unaudited Filleted Accounts
6 September 2024
Jasinski Limited
Registered number: 01868007
Balance Sheet
as at 6 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 4,001,873
Current assets
Stocks - 10,530
Debtors 4 1,280 63,026
Cash at bank and in hand 7,414,680 48,473
7,415,960 122,029
Creditors: amounts falling due within one year 5 (2,094,563) (186,425)
Net current assets/(liabilities) 5,321,397 (64,396)
Total assets less current liabilities 5,321,397 3,937,477
Creditors: amounts falling due after more than one year 6 - (1,516,174)
Provisions for liabilities - (31,900)
Net assets 5,321,397 2,389,403
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 5,319,397 2,387,403
Shareholders' funds 5,321,397 2,389,403
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Trinder
Director
Approved by the board on 30 September 2024
Jasinski Limited
Notes to the Accounts
for the period from 1 July 2023 to 6 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The copmpany ceased all of its activities on 6th September 2024.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 1% straight line
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 4,258,601 8,327,249 33,789 12,619,639
Disposals (4,258,601) (8,327,249) (33,789) (12,619,639)
At 6 September 2024 - - - -
Depreciation
At 1 July 2023 684,854 7,920,769 12,143 8,617,766
Charge for the period 39,037 92,839 4,961 136,837
On disposals (723,891) (8,013,608) (17,104) (8,754,603)
At 6 September 2024 - - - -
Net book value
At 6 September 2024 - - - -
At 30 June 2023 3,573,747 406,480 21,646 4,001,873
4 Debtors 2024 2023
£ £
Trade debtors 655 33,389
Other debtors 625 29,637
1,280 63,026
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans - 55,643
Trade creditors 9,709 1,782
Taxation and social security costs 1,897,183 21,904
Other creditors 187,671 107,096
2,094,563 186,425
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 1,516,174
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years - 1,071,029
Secured bank loans - 1,571,817
The bank loans were repaid.
8 Controlling party
The company is under the control of the personal representatives of Mr R Jasinski (Dec'd) who own 51% of the issued A Ordinary shares.
9 Other information
Jasinski Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 Kingfisher Business Park
Arthur Street, Lakeside
Redditch
Worcestershire
B98 8LG
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