1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2024 - FRS102_2024 386 386 xbrli:pure xbrli:shares iso4217:GBP 04575849 2023-11-01 2025-03-31 04575849 2025-03-31 04575849 2023-10-31 04575849 2022-11-01 2023-10-31 04575849 2023-10-31 04575849 2022-10-31 04575849 bus:Director1 2023-11-01 2025-03-31 04575849 core:FurnitureFittings 2023-10-31 04575849 core:WithinOneYear 2025-03-31 04575849 core:WithinOneYear 2023-10-31 04575849 core:FurnitureFittings 2023-11-01 2025-03-31 04575849 core:ShareCapital 2025-03-31 04575849 core:ShareCapital 2023-10-31 04575849 core:RetainedEarningsAccumulatedLosses 2025-03-31 04575849 core:RetainedEarningsAccumulatedLosses 2023-10-31 04575849 core:DeferredTaxation 2023-11-01 2025-03-31 04575849 core:AcceleratedTaxDepreciationDeferredTax 2023-10-31 04575849 core:FurnitureFittings 2023-10-31 04575849 core:DeferredTaxation 2023-10-31 04575849 bus:SmallEntities 2023-11-01 2025-03-31 04575849 bus:AuditExemptWithAccountantsReport 2023-11-01 2025-03-31 04575849 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2025-03-31 04575849 bus:PrivateLimitedCompanyLtd 2023-11-01 2025-03-31 04575849 bus:FullAccounts 2023-11-01 2025-03-31 04575849 core:ToolsEquipment 2023-10-31 04575849 core:ToolsEquipment 2023-11-01 2025-03-31
COMPANY REGISTRATION NUMBER: 04575849
Jacqueline Kay Limited
Filleted Unaudited Financial Statements
For the period ended
31 March 2025
Jacqueline Kay Limited
Statement of Financial Position
31 March 2025
31 Mar 25
31 Oct 23
Note
£
£
£
Fixed assets
Tangible assets
5
2,030
Current assets
Stocks
6,398
Debtors
6
330
1,669
Cash at bank and in hand
5,081
11,681
-------
--------
5,411
19,748
Creditors: amounts falling due within one year
7
8,743
15,964
-------
--------
Net current (liabilities)/assets
( 3,332)
3,784
-------
-------
Total assets less current liabilities
( 3,332)
5,814
Provisions
Taxation including deferred tax
8
386
-------
-------
Net (liabilities)/assets
( 3,332)
5,428
-------
-------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 3,334)
5,426
-------
-------
Shareholder (deficit)/funds
( 3,332)
5,428
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Jacqueline Kay Limited
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 9 June 2025 , and are signed on behalf of the board by:
Ms J K Norman
Director
Company registration number: 04575849
Jacqueline Kay Limited
Notes to the Financial Statements
Period from 1 November 2023 to 31 March 2025
1. Accounting period
These financial statements are for the period from 1 November 2023 to 31 March 2025. The company ceased to trade on 31 March 2025. The comparative figures are for the year ended 31 October 2023.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the income statement represents amounts due for goods and services provided during the year. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference .
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
10% per annum straight line
Equipment
-
25% per annum reducing balance or straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 November 2023
528
6,329
6,857
Disposals
( 528)
( 6,329)
( 6,857)
----
-------
-------
At 31 March 2025
----
-------
-------
Depreciation
At 1 November 2023
477
4,350
4,827
Charge for the period
7
680
687
Disposals
( 484)
( 5,030)
( 5,514)
----
-------
-------
At 31 March 2025
----
-------
-------
Carrying amount
At 31 March 2025
----
-------
-------
At 31 October 2023
51
1,979
2,030
----
-------
-------
6. Debtors
31 Mar 25
31 Oct 23
£
£
Other debtors
330
1,669
----
-------
7. Creditors: amounts falling due within one year
31 Mar 25
31 Oct 23
£
£
Social security and other taxes
132
Other creditors
8,743
15,832
-------
--------
8,743
15,964
-------
--------
8. Provisions
Deferred tax (note 9)
£
At 1 November 2023
386
Charge against provision
( 386)
----
At 31 March 2025
----
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
31 Mar 25
31 Oct 23
£
£
Included in provisions (note 8)
386
----
----
The deferred tax account consists of the tax effect of timing differences in respect of:
31 Mar 25
31 Oct 23
£
£
Accelerated capital allowances
386
----
----
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
31 Mar 25
31 Oct 23
£
£
Not later than 1 year
4,183
----
-------