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Registered number: 9940285
JJC JUMBO LIMITED
Unaudited Financial Statements
For The Year Ended 31 January 2025
LIAN AND CO ACCOUNTANTS
FFA
LIANCO LIMITED
26 OREGON CLOSE
MANCHESTER
M13 9SA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 9940285
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,523 4,145
Investment Properties 5 517,799 -
Investments 6 105,793 -
627,115 4,145
CURRENT ASSETS
Stocks 7 18,500 16,500
Debtors 8 138,921 113,458
Cash at bank and in hand 148,803 458,407
306,224 588,365
Creditors: Amounts Falling Due Within One Year 9 (105,301 ) (159,559 )
NET CURRENT ASSETS (LIABILITIES) 200,923 428,806
TOTAL ASSETS LESS CURRENT LIABILITIES 828,038 432,951
Creditors: Amounts Falling Due After More Than One Year 10 (293,899 ) -
NET ASSETS 534,139 432,951
CAPITAL AND RESERVES
Called up share capital 11 1 1
Profit and Loss Account 534,138 432,950
SHAREHOLDERS' FUNDS 534,139 432,951
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs TAN MIAOYI CHAN
Director
30/04/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
JJC JUMBO LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 9940285 . The registered office is PRINCESS DRIVE, LIVERPOOL, L14 8XG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Plant & Machinery 15%
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 15)
15 15
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2024 7,940
As at 31 January 2025 7,940
Depreciation
As at 1 February 2024 3,795
Provided during the period 622
As at 31 January 2025 4,417
Net Book Value
As at 31 January 2025 3,523
As at 1 February 2024 4,145
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5. Investment Property
2025
£
Fair Value
As at 1 February 2024 -
Additions 517,799
As at 31 January 2025 517,799
6. Investments
Unlisted
£
Cost
As at 1 February 2024 -
Additions 105,793
As at 31 January 2025 105,793
Provision
As at 1 February 2024 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 105,793
As at 1 February 2024 -
7. Stocks
2025 2024
£ £
Work in progress 18,500 16,500
8. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 43,921 88,458
Other debtors 20,000 -
63,921 88,458
Due after more than one year
Security Deposit 75,000 25,000
138,921 113,458
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Page 6
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 60,448 71,470
VAT 30,828 30,517
Accruals and deferred income 7,045 7,760
Director's loan account 6,980 49,812
105,301 159,559
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 293,899 -
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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