Registered number
11727999
JFT ASSOCIATES LIMITED
Filleted Accounts
31 December 2024
JFT ASSOCIATES LIMITED
Registered number: 11727999
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,457 10,507
Current assets
Debtors 4 22,778 15,869
Cash at bank and in hand 8,171 25,448
30,949 41,317
Creditors: amounts falling due within one year 5 (12,459) (18,415)
Net current assets 18,490 22,902
Total assets less current liabilities 27,947 33,409
Creditors: amounts falling due after more than one year 6 (13,859) (21,045)
Net assets 14,088 12,364
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,988 12,264
Shareholders' funds 14,088 12,364
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 members have 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.
Mohammed Jalal Ahmed
Director
Approved by the board on 18 August 2025
JFT ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 31 December 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:
Leasehold land and buildings 10% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024 17,794
At 31 December 2024 17,794
Depreciation
At 1 January 2024 7,287
Charge for the year 1,050
At 31 December 2024 8,337
Net book value
At 31 December 2024 9,457
At 31 December 2023 10,507
4 Debtors 2024 2023
£ £
Trade debtors 7,744 7,744
Other debtors 15,034 8,125
22,778 15,869
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Taxation and social security costs 1,211 1,327
Other creditors 600 6,440
12,459 18,415
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,679 18,465
Other creditors 3,180 2,580
13,859 21,045
7 Other information
JFT ASSOCIATES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
17 Plumbers Row
Unit D
Upper ground
London
E1 1EQ
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