REGISTERED NUMBER: 06784863 (England and Wales)

Financial Statements

for the Year Ended 31 January 2025

for

Junsterik Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Lau

REGISTERED OFFICE:

104-108 Newgate Street

Newcastle Upon Tyne

NE1 5RQ

REGISTERED NUMBER:

06784863 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

52-56 Coatsworth Road

Gateshead

NE8 1QN

Fixed assets

Tangible assets

3

367,328

425,178

Investments

4

2,311,582

2,273,108

2,678,910

2,698,286

Current assets

Stocks

225,488

249,750

Debtors

5

1,707,602

1,700,838

Cash at bank

2,945,342

2,518,131

4,878,432

4,468,719

Creditors

Amounts falling due within one year

6

(371,058

)

(459,928

)

Net current assets

4,507,374

4,008,791

Total assets less current liabilities

7,186,284

6,707,077

Capital and reserves

Called up share capital

100

100

Retained earnings

7

7,186,184

6,706,977

7,186,284

6,707,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

J Lau - Director

1.	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.

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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% 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 Income Statement, 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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 20 ) .

3.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 February 2024

863,791

457,786

46,647

1,368,224

Additions

-

1,709

-

1,709

At 31 January 2025

863,791

459,495

46,647

1,369,933

DEPRECIATION

At 1 February 2024

575,861

347,786

19,399

943,046

Charge for year

35,991

16,756

6,812

59,559

At 31 January 2025

611,852

364,542

26,211

1,002,605

NET BOOK VALUE

At 31 January 2025

251,939

94,953

20,436

367,328

At 31 January 2024

287,930

110,000

27,248

425,178

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

2,273,108

Disposals

38,474

At 31 January 2025

2,311,582

NET BOOK VALUE

At 31 January 2025

2,311,582

At 31 January 2024

2,273,108

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,690,005

1,690,005

VAT

17,597

10,833

1,707,602

1,700,838

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

147,446

324,237

Corporation tax

211,547

124,650

Social security and other tax

12,065

11,041

371,058

459,928

7.

RESERVES

Retained

earnings

£

At 1 February 2024

6,706,977

Profit for the year

546,321

Dividends

(67,114

)

At 31 January 2025

7,186,184

8.	DEPRECIATION POLICY - LEASEHOLD PROPERTY

As per the director, value of Leasehold as on 31.01.2025 is agreed at £251,939, depreciation will be charged at straight line method for remaining period (23-09-2030).