J S K RETAIL (GLW) LTD - Filleted accounts

Registered number

SC551225

J S K RETAIL (GLW) LTD

Filleted Accounts

31 December 2024

J S K RETAIL (GLW) LTD
Registered number:		SC551225
Balance Sheet
as at 31 December 2024


Notes			2024		2023
			£		£
Fixed assets
Intangible assets	3		25,000		25,000
Tangible assets	4		175,029		180,396
Investments	5		-		60,000
			200,029		265,396

Current assets
Stocks		215,898		207,741
Debtors	6	155,744		171,383
Cash at bank and in hand		38,467		4,643
		410,109		383,767

Creditors: amounts falling due within one year	7	(262,940)		(131,433)

Net current assets			147,169		252,334

Total assets less current liabilities			347,198		517,730

Creditors: amounts falling due after more than one year	8		(266,178)		(462,158)

Net assets			81,020		55,572

Capital and reserves
Called up share capital			100		100
Profit and loss account			80,920		55,472

Shareholder's funds			81,020		55,572

The directors are 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 directors acknowledge their 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 Jaspreet Singh
Director
Approved by the board on 30 September 2025

J S K RETAIL (GLW) 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 and from the rendering of services. 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:

	Fixtures, fittings, tools and equipment	10% 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. Current and deferred tax assets and liabilities are not discounted.

	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		15		24

3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 January 2024				25,000
	At 31 December 2024				25,000

4	Tangible fixed assets
		Fixture & fittings	Motor vehicles		Total
		£	£		£
	Cost
	At 1 January 2024	206,314	37,947		244,261
	Additions	7,671	40,273		47,944
	Disposals	-	(37,947)		(37,947)
	At 31 December 2024	213,985	40,273		254,258

	Depreciation
	At 1 January 2024	59,782	4,083		63,865
	Charge for the year	15,420	4,027		19,447
	On disposals	-	(4,083)		(4,083)
	At 31 December 2024	75,202	4,027		79,229

	Net book value
	At 31 December 2024	138,783	36,246		175,029
	At 31 December 2023	146,532	33,864		180,396


6	Debtors		2024		2023
			£		£

	Other debtors		155,744		171,383


7	Creditors: amounts falling due within one year		2024		2023
			£		£

	Bank loans and overdrafts		32,269		36,059
	Trade creditors		76,562		45,553
	Taxation and social security costs		3,033		-
	Other creditors		151,076		49,821
			262,940		131,433


8	Creditors: amounts falling due after one year		2024		2023
			£		£

	Obligations under finance lease and hire purchase contracts		42,690		34,688
	Energy Saving Loan		9,528		11,403
	Bounce Back Loan		14,789		24,917
	Director's loan account		178,999		298,833
	Other loans		20,172		92,317
			266,178		462,158