Company Registration No. 13799379 (England and Wales)
Japhi Ltd
Unaudited accounts
for the year ended 31 December 2024
Japhi Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
264,628
267,776
Cash at bank and in hand
10
10
Creditors: amounts falling due within one year
(254,888)
(261,031)
Net current liabilities
(254,783)
(260,245)
Called up share capital
10
10
Profit and loss account
9,835
7,521
Shareholders' funds
9,845
7,531
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 her 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 11 September 2025 and were signed on its behalf by
Mrs B Rolley
Director
Company Registration No. 13799379
Japhi Ltd
Notes to the Accounts
for the year ended 31 December 2024
Japhi Ltd is a private company, limited by shares, registered in England and Wales, registration number 13799379. The registered office is 78 William Bristow Road, Alcester, Coventry, CV3 5LR.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Fixtures and Fittings 20% Straight Line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Japhi Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
256,760
15,738
272,498
At 31 December 2024
256,760
15,738
272,498
At 1 January 2024
-
4,722
4,722
Charge for the year
-
3,148
3,148
At 31 December 2024
-
7,870
7,870
At 31 December 2024
256,760
7,868
264,628
At 31 December 2023
256,760
11,016
267,776
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
253,317
259,378
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).