Registered number
08248794
JALSA LTD
Filleted Accounts
31 October 2024
JALSA LTD
Registered number: 08248794
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 61,187 65,015
Current assets
Stocks 31,140 21,510
Debtors 4 187,475 220,927
Cash at bank and in hand 50,483 62,631
269,098 305,068
Creditors: amounts falling due within one year 5 (213,620) (203,963)
Net current assets 55,478 101,105
Total assets less current liabilities 116,665 166,120
Creditors: amounts falling due after more than one year 6 (5,872) (15,968)
Net assets 110,793 150,152
Capital and reserves
Called up share capital 100 100
Profit and loss account 110,693 150,052
Shareholders' funds 110,793 150,152
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.
DHIRAJKUMAR KOTECHA
Director
Approved by the board on 17 July 2025
JALSA LTD
Notes to the Accounts
for the year ended 31 October 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).
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:
Fixtures, fittings and Equipment 20% on a reducing balance basis
Motor vans 25% on a reducing balance basis
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Improvmnts to Premises Fixtures, Fittings and Equipment Motor vans Total
£ £ £ £
Cost
At 1 November 2023 26,873 179,060 33,003 238,936
Additions - 7,609 - 7,609
At 31 October 2024 26,873 186,669 33,003 246,545
Depreciation
At 1 November 2023 - 146,157 27,764 173,921
Charge for the year - 10,128 1,309 11,437
At 31 October 2024 - 156,285 29,073 185,358
Net book value
At 31 October 2024 26,873 30,384 3,930 61,187
At 31 October 2023 26,873 32,903 5,239 65,015
4 Debtors 2024 2023
£ £
Trade debtors 128,572 198,460
Other debtors 58,903 22,467
187,475 220,927
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Obligations under finance lease and hire purchase contracts 20 20
Trade creditors 44,546 127,692
Corporation tax 32,382 31,889
Other taxes and social security costs 8,584 4,778
Other creditors 117,440 28,936
213,620 203,963
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,872 15,968
7 Other information
JALSA LTD is a private company limited by shares and incorporated in England. Its registered office is:
111 High Street
Edgware
Middlesex
HA8 7DB
JALSA LTD 08248794 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2025 DHIRAJKUMAR KOTECHA No description of principal activity 08248794 2022-11-01 2023-10-31 08248794 core:WithinOneYear 2023-10-31 08248794 core:AfterOneYear 2023-10-31 08248794 core:ShareCapital 2023-10-31 08248794 core:RetainedEarningsAccumulatedLosses 2023-10-31 08248794 2023-11-01 2024-10-31 08248794 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08248794 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 08248794 bus:Director40 2023-11-01 2024-10-31 08248794 1 2023-11-01 2024-10-31 08248794 2 2023-11-01 2024-10-31 08248794 core:LandBuildings 2023-11-01 2024-10-31 08248794 core:PlantMachinery 2023-11-01 2024-10-31 08248794 core:Vehicles 2023-11-01 2024-10-31 08248794 countries:England 2023-11-01 2024-10-31 08248794 bus:FRS102 2023-11-01 2024-10-31 08248794 bus:FilletedAccounts 2023-11-01 2024-10-31 08248794 2024-10-31 08248794 core:WithinOneYear 2024-10-31 08248794 core:AfterOneYear 2024-10-31 08248794 core:ShareCapital 2024-10-31 08248794 core:RetainedEarningsAccumulatedLosses 2024-10-31 08248794 core:LandBuildings 2024-10-31 08248794 core:PlantMachinery 2024-10-31 08248794 core:Vehicles 2024-10-31 08248794 2023-10-31 08248794 core:LandBuildings 2023-10-31 08248794 core:PlantMachinery 2023-10-31 08248794 core:Vehicles 2023-10-31 iso4217:GBP xbrli:pure