1 September 2023 false No description of principal activity Taxfiler 2024.6 SC203658business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC2036582023-08-31 SC2036582023-09-012024-08-31 SC203658business:AuditExemptWithAccountantsReport2023-09-012024-08-31 SC203658business:FilletedAccounts2023-09-012024-08-31 SC2036582024-08-31 SC203658business:Director12023-09-012024-08-31 SC203658business:Director22023-09-012024-08-31 SC203658business:Director32023-09-012024-08-31 SC203658business:CompanySecretary12023-09-012024-08-31 SC203658business:RegisteredOffice2023-09-012024-08-31 SC2036582023-08-31 SC203658core:WithinOneYear2024-08-31 SC203658core:WithinOneYear2023-08-31 SC203658core:AfterOneYear2024-08-31 SC203658core:AfterOneYear2023-08-31 SC203658core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC203658core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC203658core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC203658core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC203658core:PreviouslyStatedAmount2024-08-31 SC203658core:PreviouslyStatedAmount2023-08-31 SC203658business:SmallEntities2023-09-012024-08-31 SC203658countries:Scotland2023-09-012024-08-31 SC203658core:ComputerEquipment2023-09-012024-08-31 SC203658core:ComputerEquipment2023-08-31 SC203658core:ComputerEquipment2024-08-31 SC2036582022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC203658 (Scotland)
J K Business Services Limited Unaudited accounts for the year ended 31 August 2024
J K Business Services Limited Unaudited accounts Contents
Page
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J K Business Services Limited Company Information for the year ended 31 August 2024
Directors
Joanne Dawn Simpson David Clark Simpson Nicola Cant
Secretary
Joanne Dawn Simpson
Company Number
SC203658 (Scotland)
Registered Office
Axwell House 2 Westerton Road Broxburn West Lothian EH52 5AU Scotland
Accountants
Select Financial Management (Scotland) Ltd Accountants & Business Advisers Axwell House 2 Westerton Road Broxburn West Lothian EH52 5AU
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J K Business Services Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,173 
5,845 
Current assets
Debtors
164,569 
133,721 
Cash at bank and in hand
13,349 
12,985 
177,918 
146,706 
Creditors: amounts falling due within one year
(135,026)
(121,986)
Net current assets
42,892 
24,720 
Total assets less current liabilities
50,065 
30,565 
Creditors: amounts falling due after more than one year
(50,547)
(29,070)
Provisions for liabilities
Deferred tax
(1,051)
(781)
Net (liabilities)/assets
(1,533)
714 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,633)
614 
Shareholders' funds
(1,533)
714 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by
Joanne Dawn Simpson Director Company Registration No. SC203658
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J K Business Services Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
J K Business Services Limited is a private company, limited by shares, registered in Scotland, registration number SC203658. The registered office is Axwell House, 2 Westerton Road, Broxburn, West Lothian, EH52 5AU, Scotland.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 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:
Computer equipment
20% Straight-Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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J K Business Services Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
17,403 
Additions
3,623 
At 31 August 2024
21,026 
Depreciation
At 1 September 2023
11,558 
Charge for the year
2,295 
At 31 August 2024
13,853 
Net book value
At 31 August 2024
7,173 
At 31 August 2023
5,845 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
52,160 
43,892 
Other debtors
112,409 
89,829 
164,569 
133,721 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,629 
26,331 
Trade creditors
21,756 
2,646 
Taxes and social security
37,914 
44,574 
Other creditors
52,877 
44,585 
Accruals
3,850 
3,850 
135,026 
121,986 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
50,547 
29,070 
8
Loans to directors
During the year, the company operated a loan account with its directors Joanne and David Simpson. As at the balance sheet date, the amount due to the company by those directors totalled £29,808 (PY: £6,167) which is included within the figure for 'Other debtors' per Note 6 above. This loan is interest-free and has no set repayment date.
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J K Business Services Limited Notes to the Accounts for the year ended 31 August 2024
9
Transactions with related parties
Included within the figure for 'Other debtors' per Note 6 above are the following amounts due from companies which are under the control of the director Joanne Simpson - Financial Growth Academy Ltd £52,859 (PY: £39,912) Rich Girls Club Ltd £26,929 (PY: £21,858)
10
Average number of employees
During the year the average number of employees was 8 (2023: 7).
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