Company Registration No. 13057161 (England and Wales)
JC Sneakers Limited
Unaudited accounts
for the year ended 31 December 2024
JC Sneakers Limited
Statement of financial position
as at 31 December 2024
Intangible assets
9,407
9,407
Inventories
210,500
460,250
Cash at bank and in hand
182,348
37,649
Creditors: amounts falling due within one year
(404,190)
(401,809)
Net current assets
86,340
171,158
Total assets less current liabilities
96,616
180,565
Creditors: amounts falling due after more than one year
-
(99,000)
Called up share capital
1
1
Profit and loss account
96,615
81,564
Shareholders' funds
96,616
81,565
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 29 September 2025 and were signed on its behalf by
J Cummings
Director
Company Registration No. 13057161
JC Sneakers Limited
Notes to the Accounts
for the year ended 31 December 2024
JC Sneakers Limited is a private company, limited by shares, registered in England and Wales, registration number 13057161. The registered office is 34 Clarence Street, Southend-On-Sea, SS1 1BD, 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.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Computer equipment
25% straight line
4
Intangible fixed assets
Other
At 31 December 2024
31,265
At 31 December 2024
21,858
JC Sneakers Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
94,882
72,268
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
24,841
21,665
Other creditors
240,247
214,839
Loans from directors
121,710
137,705
8
Creditors: amounts falling due after more than one year
2024
2023
9
Transactions with related parties
As of 31st December 2024, Josh Cummings was owed £121,710 by the company. (31st December 2023 - £137,705)
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).