JOLLO LIMITED - Filleted accounts

Registered number

08357451

JOLLO LIMITED

Filleted Accounts

31 January 2025

JOLLO LIMITED
Registered number:		08357451
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,696			2,120
			1,696			2,120

Current assets
Stocks		71,682			72,007
Cash at bank and in hand		9,204			7,949
		80,886			79,956

Creditors: amounts falling due within one year	4	(57,071)			(54,168)

Net current assets			23,815			25,788

Total assets less current liabilities			25,511			27,908

Creditors: amounts falling due after more than one year	5		(23,272)			(26,613)

Net assets			2,239			1,295

Capital and reserves
Called up share capital			1			1
Share premium			-			-
Revaluation reserve			-			-
Profit and loss account			2,238			1,294

Shareholder's funds			2,239			1,295

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.




Serdar Altun
Director
Approved by the board on 7 October 2025

JOLLO LIMITED
Notes to the Accounts
for the year ended 31 January 2025


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. 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
	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:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	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.

	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.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2024	-		6,750		-		6,750
	Additions	-		-		-		-
	Surplus on revaluation	-		-		-		-
	Disposals	-		-		-		-
	At 31 January 2025	-		6,750		-		6,750

	Depreciation
	At 1 February 2024	-		4,630		-		4,630
	Charge for the year	-		424		-		424
	Surplus on revaluation	-		-		-		-
	On disposals	-		-		-		-
	At 31 January 2025	-		5,054		-		5,054

	Net book value
	At 31 January 2025	-		1,696		-		1,696
	At 31 January 2024	-		2,120		-		2,120


4	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					-		8,352
	Taxation and social security costs					3,397		5,061
	Other creditors					53,674		40,755
						57,071		54,168


5	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					23,272		26,613
						23,272		26,613

6	Controlling party
	Serdar Altun


7	Other information

	JOLLO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	355 High Road

	London
	England
	N22 8JA