Company Registration No. 07062345 (England and Wales)
JPN Shipping Ltd
Unaudited accounts
for the year ended 31 October 2024
JPN Shipping Ltd
Unaudited accounts
Contents
JPN Shipping Ltd
Company Information
for the year ended 31 October 2024
Director
Jeyapragash Rajanayagam
Company Number
07062345 (England and Wales)
Registered Office
UNIT A2C
REDLANDS
Coulsdon
- None -
CR5 2HT
United Kingdom
Accountants
SAJA Accountancy Ltd
UnitA2c
Redlands
Coulsdon
Surrey
CR52HT
JPN Shipping Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
58,517
83,056
Cash at bank and in hand
903
4,439
Creditors: amounts falling due within one year
(19,034)
(16,116)
Net current assets
31,392
32,924
Total assets less current liabilities
89,909
115,980
Creditors: amounts falling due after more than one year
(47,238)
(70,182)
Called up share capital
100
100
Profit and loss account
42,571
45,698
Shareholders' funds
42,671
45,798
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 July 2025 and were signed on its behalf by
Jeyapragash Rajanayagam
Director
Company Registration No. 07062345
JPN Shipping Ltd
Notes to the Accounts
for the year ended 31 October 2024
JPN Shipping Ltd is a private company, limited by shares, registered in England and Wales, registration number 07062345. The registered office is UNIT A2C, REDLANDS, Coulsdon, - None -, CR5 2HT, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
18,014
196,164
12,250
2,988
229,416
At 31 October 2024
18,014
196,164
12,250
2,988
229,416
At 1 November 2023
5,099
136,536
3,675
1,050
146,360
Charge for the year
1,052
22,050
1,225
212
24,539
At 31 October 2024
6,151
158,586
4,900
1,262
170,899
At 31 October 2024
11,863
37,578
7,350
1,726
58,517
At 31 October 2023
12,915
59,628
8,575
1,938
83,056
Amounts falling due within one year
Trade debtors
22,889
21,060
Accrued income and prepayments
10,265
10,265
Other debtors
13,000
13,000
JPN Shipping Ltd
Notes to the Accounts
for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,589
-
Taxes and social security
13,032
11,649
Corporation Tax payable 2019-2020 £ 2,658.49
Corporation Tax payable 2020-2021 £ 3,446.60
Payee & Ni Payable £ 7,167.48
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
36,076
48,932
Bounce Back Loan £ 45,833.35
Funding Circle Loan £ 14,792.43
Capital on Tap Loan £ 2,355.88
Mercedes Benz £ 33,945.00
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 2 (2023: 2).