Jensen Skandinavia Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03841248

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		13,001		37,361
Tangible Assets	5		23,354		41,568

			36,355		78,929
CURRENT ASSETS
Stocks	6	233,232		214,211
Debtors	7	605,721		368,217
Cash at bank and in hand		180,838		99,174

		1,019,791		681,602
Creditors: Amounts Falling Due Within One Year	8	(1,880,274 )		(1,546,338 )

NET CURRENT ASSETS (LIABILITIES)			(860,483 )		(864,736 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(824,128 )		(785,807 )

NET LIABILITIES			(824,128 )		(785,807 )

CAPITAL AND RESERVES
Called up share capital	9		10,000		10,000
Profit and Loss Account			(834,128 )		(795,807 )

SHAREHOLDERS' FUNDS			(824,128)		(785,807)

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Jensen Skandinavia Limited

Balance Sheet (continued)

As At 31 December 2024

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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Hans Holmen

Director

09/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Jensen Skandinavia Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03841248 . The registered office is Unit 117 First Floor Design Centre, Chelsea Harbour, London, SW10 0XE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

These financial statements have been prepared on a going concern basis

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	25% straight line
Plant & Machinery	25% straight line
Fixtures & Fittings	25% Straight Line
Computer Equipment	50% Straight line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2023: 10)

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Jensen Skandinavia Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2024	105,386

As at 31 December 2024	105,386

Amortisation
As at 1 January 2024	68,025
Impairment losses	24,360

As at 31 December 2024	92,385

Net Book Value
As at 31 December 2024	13,001

As at 1 January 2024	37,361

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	28,432	11,275	303,387	3,626	346,720
Additions	8,590	720	-	1,165	10,475

As at 31 December 2024	37,022	11,995	303,387	4,791	357,195

Depreciation
As at 1 January 2024	20,754	11,326	269,446	3,626	305,152
Provided during the period	3,842	877	23,388	582	28,689

As at 31 December 2024	24,596	12,203	292,834	4,208	333,841

Net Book Value
As at 31 December 2024	12,426	(208 )	10,553	583	23,354

As at 1 January 2024	7,678	(51 )	33,941	-	41,568

6. Stocks

	2024	2023
	£	£
Finished goods	233,232	214,211

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Jensen Skandinavia Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	423,968	216,031
Prepayments and accrued income	63,707	25,739
Other debtors	118,046	118,046
VAT	-	8,401

	605,721	368,217

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	392,086	269,067
Other taxes and social security	14,899	7,781
VAT	8,292	-
Net wages	1	-
Other creditors	328,826	133,320
Accruals and deferred income	97,875	97,875
Amounts owed to other participating interests	1,038,295	1,038,295

	1,880,274	1,546,338

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	10,000	10,000

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