REGISTERED NUMBER: 07158858 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

JAKK COUNTRY FURNITURE DESIGNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A M Baurer

SECRETARY:

Advanta Corporate Services Limited

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

REGISTERED NUMBER:

07158858 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Tangible assets

4

58,798

49,527

CURRENT ASSETS

Stocks

5

20,000

20,000

Debtors

6

58,055

50,558

Cash at bank

520

1,188

78,575

71,746

CREDITORS

Amounts falling due within one year

7

292,345

231,224

NET CURRENT LIABILITIES

(213,770

)

(159,478

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(154,972

)

(109,951

)

CREDITORS

Amounts falling due after more than one year

8

34,764

40,597

NET LIABILITIES

(189,736

)

(150,548

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(189,746

)

(150,558

)

SHAREHOLDERS' FUNDS

(189,736

)

(150,548

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 December 2025 and were signed by:

A M Baurer - Director

1.	STATUTORY INFORMATION

Jakk Country Furniture Designs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If the assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

The validity of the going concern basis depends upon the continued support of the company director. The director confirms that support will continue.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Over 3 years

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

132,667

39,861

2,518

175,046

Additions

38,586

-

-

38,586

Disposals

(23,030

)

-

-

(23,030

)

At 31 March 2025

148,223

39,861

2,518

190,602

DEPRECIATION

At 1 April 2024

90,984

32,017

2,518

125,519

Charge for year

17,638

1,961

-

19,599

Eliminated on disposal

(13,314

)

-

-

(13,314

)

At 31 March 2025

95,308

33,978

2,518

131,804

NET BOOK VALUE

At 31 March 2025

52,915

5,883

-

58,798

At 31 March 2024

41,683

7,844

-

49,527

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant &

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

70,155

24,294

94,449

Disposals

(23,030

)

-

(23,030

)

Transfer to ownership

(47,125

)

-

(47,125

)

At 31 March 2025

-

24,294

24,294

DEPRECIATION

At 1 April 2024

40,559

17,618

58,177

Charge for year

-

1,669

1,669

Eliminated on disposal

(13,314

)

-

(13,314

)

Transfer to ownership

(27,245

)

-

(27,245

)

At 31 March 2025

-

19,287

19,287

NET BOOK VALUE

At 31 March 2025

-

5,007

5,007

At 31 March 2024

29,596

6,676

36,272

5.

STOCKS

2025

2024

£

£

Stocks

20,000

20,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,980

16,723

Other debtors

2,355

2,855

Deferred tax asset

39,720

30,640

Prepayments

-

340

58,055

50,558

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

17,618

8,796

Hire purchase contracts (see note 9)

6,270

17,046

Trade creditors

57,092

25,520

Tax

100

100

PAYE

69,141

62,521

VAT

60,086

86,104

Other creditors

9,060

2,895

Directors' current accounts

70,778

26,142

Accrued expenses

2,200

2,100

292,345

231,224

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

9,288

9,288

Bank loans - 2-5 years

25,476

24,439

Hire purchase contracts (see note 9)

-

6,870

34,764

40,597

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Gross obligations repayable:

Within one year

6,728

18,733

Between one and five years

-

7,328

6,728

26,061

Finance charges repayable:

Within one year

458

1,687

Between one and five years

-

458

458

2,145

Net obligations repayable:

Within one year

6,270

17,046

Between one and five years

-

6,870

6,270

23,916

10.	DEFERRED TAX

£

Balance at 1 April 2024

(30,640

)

Provided during year

(9,080

)

Balance at 31 March 2025

(39,720

)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A M Baurer.

12.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. Liabilities exceed assets by £189,736 (2024: £150,548).

The validity of this basis depends upon the continued support of the company's director. The director has confirmed that there is currently no reason why the support should not be forthcoming.