1 November 2023 false No description of principal activity Taxfiler 2024.6 07062345business:PrivateLimitedCompanyLtd2023-11-012024-10-31 070623452023-10-31 070623452023-11-012024-10-31 07062345business:AuditExempt-NoAccountantsReport2023-11-012024-10-31 07062345business:FilletedAccounts2023-11-012024-10-31 070623452024-10-31 07062345business:Director12023-11-012024-10-31 07062345business:RegisteredOffice2023-11-012024-10-31 070623452023-10-31 07062345core:WithinOneYear2024-10-31 07062345core:WithinOneYear2023-10-31 07062345core:AfterOneYear2024-10-31 07062345core:AfterOneYear2023-10-31 07062345core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 07062345core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 07062345core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 07062345core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 07062345core:PreviouslyStatedAmount2024-10-31 07062345core:PreviouslyStatedAmount2023-10-31 07062345business:SmallEntities2023-11-012024-10-31 07062345countries:EnglandWales2023-11-012024-10-31 07062345core:PlantMachinery2023-10-31 07062345core:MotorVehicles2023-10-31 07062345core:FurnitureFittings2023-10-31 07062345core:ComputerEquipment2023-10-31 07062345core:PlantMachinery2024-10-31 07062345core:MotorVehicles2024-10-31 07062345core:FurnitureFittings2024-10-31 07062345core:ComputerEquipment2024-10-31 07062345core:PlantMachinery2023-11-012024-10-31 07062345core:MotorVehicles2023-11-012024-10-31 07062345core:FurnitureFittings2023-11-012024-10-31 07062345core:ComputerEquipment2023-11-012024-10-31 07062345core:WithinOneYear2023-11-012024-10-31 07062345core:AfterOneYear2023-11-012024-10-31 07062345business:OrdinaryShareClass12023-11-012024-10-31 07062345business:OrdinaryShareClass12022-11-012023-10-31 070623452022-11-012023-10-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
JPN Shipping Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
58,517 
83,056 
Current assets
Inventories
2,350 
- 
Debtors
47,173 
44,601 
Cash at bank and in hand
903 
4,439 
50,426 
49,040 
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)
Net assets
42,671 
45,798 
Capital and reserves
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
- 4 -
JPN Shipping Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,019 
276 
Trade debtors
22,889 
21,060 
Accrued income and prepayments
10,265 
10,265 
Other debtors
13,000 
13,000 
47,173 
44,601 
- 5 -
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 
Accruals
4,413 
4,467 
19,034 
16,116 
Corporation Tax payable 2019-2020 £ 2,658.49 Corporation Tax payable 2020-2021 £ 3,446.60 Payee & Ni Payable £ 7,167.48
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,162 
21,250 
Obligations under finance leases and hire purchase contracts
36,076 
48,932 
47,238 
70,182 
Bounce Back Loan £ 45,833.35 Funding Circle Loan £ 14,792.43 Capital on Tap Loan £ 2,355.88 Mercedes Benz £ 33,945.00
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -