Registered number
07839180
JENSON E-CIG LTD
Unaudited Filleted Accounts
31 December 2024
JENSON E-CIG LTD
Registered number: 07839180
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,469 34,812
Current assets
Stocks 407,036 493,743
Debtors 4 50,164 36,881
Cash at bank and in hand 8,383 17,582
465,583 548,206
Creditors: amounts falling due within one year 5 (449,043) (520,331)
Net current assets 16,540 27,875
Total assets less current liabilities 44,009 62,687
Creditors: amounts falling due after more than one year 6 (118,352) (123,490)
Net liabilities (74,343) (60,803)
Capital and reserves
Called up share capital 100 100
Profit and loss account (74,443) (60,903)
Shareholder's funds (74,343) (60,803)
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.
Mr R Doorgachurn
Director
Approved by the board on 14 March 2025
JENSON E-CIG LTD
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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
Motor Vehicles 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 81,500 33,990 115,490
At 31 December 2024 81,500 33,990 115,490
Depreciation
At 1 January 2024 73,880 6,798 80,678
Charge for the year 1,905 5,438 7,343
At 31 December 2024 75,785 12,236 88,021
Net book value
At 31 December 2024 5,715 21,754 27,469
At 31 December 2023 7,620 27,192 34,812
4 Debtors 2024 2023
£ £
Trade debtors 40,444 31,779
Other debtors 9,720 5,102
50,164 36,881
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,929 9,720
Trade creditors 409,723 488,685
Taxation and social security costs 18,219 9,747
Other creditors 11,172 12,179
449,043 520,331
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,352 23,490
Other creditors 105,000 100,000
118,352 123,490
7 Other information
JENSON E-CIG LTD is a private company limited by shares and incorporated in England. Its registered office is:
Studio 6
6 Hornsey Street
London
N7 8GR
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