REGISTERED NUMBER: 10522622 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

JAL Produce Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S Difrancesco

SECRETARY:

S Difrancesco

REGISTERED OFFICE:

147a High Street

Waltham Cross

United Kingdom

Hertfordshire

EN8 7AP

REGISTERED NUMBER:

10522622 (England and Wales)

AUDITORS:

Thickbroom Coventry

Chartered Accountants

and Statutory Auditors

147a High Street

Waltham Cross

EN8 7AP

FIXED ASSETS

Tangible assets

4

31,241

36,755

CURRENT ASSETS

Stocks

-

2,070

Debtors

5

872,508

557,102

Cash at bank

674,210

537,795

1,546,718

1,096,967

CREDITORS

Amounts falling due within one year

6

(802,622

)

(676,675

)

NET CURRENT ASSETS

744,096

420,292

TOTAL ASSETS LESS CURRENT LIABILITIES

775,337

457,047

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

775,336

457,046

SHAREHOLDERS' FUNDS

775,337

457,047

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 August 2025 and were signed by:

S Difrancesco - Director

1.	STATUTORY INFORMATION

JAL Produce Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

50,500

DEPRECIATION

At 1 January 2024

13,745

Charge for year

5,514

At 31 December 2024

19,259

NET BOOK VALUE

At 31 December 2024

31,241

At 31 December 2023

36,755

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

535,722

442,635

Amounts owed by group undertakings

323,831

-

Other debtors

12,955

114,467

872,508

557,102

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

644,001

479,689

Amounts owed to group undertakings

-

3,107

Taxation and social security

108,151

75,983

Other creditors

50,470

117,896

802,622

676,675

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Iain McMurray ACA (Senior Statutory Auditor)

for and on behalf of Thickbroom Coventry

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

S Difrancesco

Balance outstanding at start of year

-

-

Amounts advanced

125,993

125,832

Amounts repaid

(125,993

)

(125,832

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

10.	RELATED PARTY DISCLOSURES

All of the following companies are related by the fact that they either have common directors with JAL Produce Limited or are ultimately controlled by one or more of the directors or family members of JAL Produce Limited.

Financial information on transactions and balances between related parties are as follows:

Stubbins Marketing Limited

JAL Produce Limited is connected with Stubbins Marketing Limited due to common shareholders.

Included in other debtors is a loan balance due from Stubbins Marketing Limited amounting to £8,333 (2023: £58,333). Interest is being charged on this loan at 7.9% per annum and the interest paid on this loan during the period amounted to £13,598 (2023: £13,598). The interest is being calculated on the loan on a straight-line basis.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Salvatore Difrancesco and Mrs Joanna Difrancesco.

12.	ULTIMATE PARENT COMPANY

The ultimate parent company is Red Brook Holdings Limited, company number 11040394.

Group accounts can be obtained by request at the registered office:

147a High Street

Waltham Cross

Hertfordshire

EN8 7AP