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Company Registration No. 13706186 (England and Wales)
JAY VERAI LIMITED Unaudited accounts for the year ended 31 December 2024
JAY VERAI LIMITED Unaudited accounts Contents
Page
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JAY VERAI LIMITED Company Information for the year ended 31 December 2024
Director
Jaiminkumar Dineshbhai Patel
Company Number
13706186 (England and Wales)
Registered Office
73 GROSVENOR ROAD ROMFORD ESSEX RM7 0QU UNITED KINGDOM
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JAY VERAI LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
21,000 
21,000 
Tangible assets
1,235 
1,544 
22,235 
22,544 
Current assets
Inventories
23,495 
21,470 
Debtors
7,860 
7,860 
Cash at bank and in hand
6,009 
11,582 
37,364 
40,912 
Creditors: amounts falling due within one year
(54,955)
(64,826)
Net current liabilities
(17,591)
(23,914)
Net assets/(liabilities)
4,644 
(1,370)
Capital and reserves
Share premium
10 
10 
Profit and loss account
4,634 
(1,380)
Shareholders' funds
4,644 
(1,370)
For the year ending 31 December 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 23 April 2025 and were signed on its behalf by
Jaiminkumar Dineshbhai Patel Director Company Registration No. 13706186
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JAY VERAI LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
JAY VERAI LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13706186. The registered office is 73 GROSVENOR ROAD, ROMFORD, ESSEX, RM7 0QU, 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
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Fixtures & fittings
20% reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
21,000 
At 31 December 2024
21,000 
Amortisation
At 1 January 2024
- 
At 31 December 2024
- 
Net book value
At 31 December 2024
21,000 
At 31 December 2023
21,000 
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JAY VERAI LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2024
2,160 
At 31 December 2024
2,160 
Depreciation
At 1 January 2024
616 
Charge for the year
309 
At 31 December 2024
925 
Net book value
At 31 December 2024
1,235 
At 31 December 2023
1,544 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
7,860 
7,860 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
818 
910 
Trade creditors
1,919 
1,227 
Taxes and social security
891 
31 
Loans from directors
45,877 
58,408 
Accruals
5,450 
4,250 
54,955 
64,826 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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