Registered number
11058587
Jeon's Kitchen Ltd
Filleted Accounts
30 November 2024
Jeon's Kitchen Ltd
Registered number: 11058587
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 116,163 130,683
Tangible assets 4 6,377 8,502
122,540 139,185
Current assets
Stocks 7,240 2,735
Debtors 5 13,712 173,978
Cash at bank and in hand 15,234 43,721
36,186 220,434
Creditors: amounts falling due within one year 6 (106,107) (144,820)
Net current (liabilities)/assets (69,921) 75,614
Total assets less current liabilities 52,619 214,799
Creditors: amounts falling due after more than one year 7 (50,727) (247,774)
Net assets/(liabilities) 1,892 (32,975)
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,792 (33,075)
Shareholder's funds 1,892 (32,975)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
I P Jeon
Director
Approved by the board on 8 August 2025
Jeon's Kitchen Ltd
Notes to the Accounts
for the year ended 30 November 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:
Plant and machinery 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 20 21
3 Intangible fixed assets £
Lease premium:
Cost
At 1 December 2023 217,804
At 30 November 2024 217,804
Amortisation
At 1 December 2023 87,121
Provided during the year 14,520
At 30 November 2024 101,641
Net book value
At 30 November 2024 116,163
At 30 November 2023 130,683
Lease premium is being written off in equal annual instalments over its estimated economic life of 15 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 18,914
At 30 November 2024 18,914
Depreciation
At 1 December 2023 10,412
Charge for the year 2,125
At 30 November 2024 12,537
Net book value
At 30 November 2024 6,377
At 30 November 2023 8,502
5 Debtors 2024 2023
£ £
Trade debtors 2,887 -
Other debtors 10,825 173,978
13,712 173,978
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 10,794
Taxation and social security costs 25,312 66,144
Other creditors 80,795 67,882
106,107 144,820
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,834 28,800
Other creditors 29,893 218,974
50,727 247,774
8 Other information
Jeon's Kitchen Ltd is a private company limited by shares and incorporated in England. Its registered office is:
72 Berwick Street
London
W1F 8TD
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