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Registered number: 04860861
Jalsa (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Desaur and Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04860861
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,871 29,052
20,871 29,052
CURRENT ASSETS
Debtors 5 76,945 74,272
Cash at bank and in hand 113,609 126,579
190,554 200,851
Creditors: Amounts Falling Due Within One Year 6 (168,511 ) (174,359 )
NET CURRENT ASSETS (LIABILITIES) 22,043 26,492
TOTAL ASSETS LESS CURRENT LIABILITIES 42,914 55,544
Creditors: Amounts Falling Due After More Than One Year 7 (33,875 ) (13,088 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,913 ) (5,632 )
NET ASSETS 5,126 36,824
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 5,124 36,822
SHAREHOLDERS' FUNDS 5,126 36,824
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr James Connolly
Director
Mrs Annette Connolly-Read
Director
22/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jalsa (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04860861 . The registered office is 41 Park Road, Hounslow, Middlesex, TW3 2HG.
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.
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 20% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Straight line
Computer Equipment 25% Straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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: 8 (2024: 8)
8 8
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2024 19,909 50,176 4,370 13,747 88,202
Disposals - - (3,311 ) (6,077 ) (9,388 )
As at 31 August 2025 19,909 50,176 1,059 7,670 78,814
Depreciation
As at 1 September 2024 13,385 31,398 4,105 10,262 59,150
Provided during the period 1,305 4,694 265 1,917 8,181
Disposals - - (3,311 ) (6,077 ) (9,388 )
As at 31 August 2025 14,690 36,092 1,059 6,102 57,943
Net Book Value
As at 31 August 2025 5,219 14,084 - 1,568 20,871
As at 1 September 2024 6,524 18,778 265 3,485 29,052
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 64,902 67,099
Prepayments and accrued income 5,393 -
VAT 6,650 7,173
76,945 74,272
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 98,254 80,442
Bank loans and overdrafts 10,443 10,186
Other loans-Funding Circle 5,874 -
Corporation tax 7,568 22,327
Other creditors (Current liabilities - creditors < 1 year)-Credit card 64 64
Other creditors - (4) 1,029 1,029
Other creditors (6) (Current liabilities - creditors < 1 year)-Nest 461 511
Accruals and deferred income 3,248 8,379
Directors' loan accounts 41,570 51,421
168,511 174,359
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans (Long term liabilities - creditors > 1 year) 2,645 13,088
Other loans - Funding Circle long term 31,230 -
33,875 13,088
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 6,936 6,105
Later than one year and not later than five years 5,086 -
12,022 6,105
Page 5