Company Registration No. 15683659 (England and Wales)
Jolack Ltd
Unaudited accounts
for the year ended 30 June 2026
Jolack Ltd
Unaudited accounts
Contents
Jolack Ltd
Company Information
for the year ended 30 June 2026
Company Number
15683659 (England and Wales)
Registered Office
Office 1.01
411-413 Oxford Street
London
W1C 2PE
United Kingdom
Accountants
Q Accountants Ltd
411 Oxford Street
Office 1.01
London
W1C 2PE
Jolack Ltd
Statement of financial position
as at 30 June 2026
Intangible assets
41,905
42,462
Tangible assets
62,155
2,199
Inventories
3,279,263
796,978
Cash at bank and in hand
504,362
421,952
Creditors: amounts falling due within one year
(4,385,887)
(1,037,489)
Net current assets
261,513
212,081
Total assets less current liabilities
365,573
156,741
Creditors: amounts falling due after more than one year
(350,000)
(100,000)
Provisions for liabilities
Jolack Ltd
Statement of financial position
as at 30 June 2026 (continued)
Called up share capital
2
2
Profit and loss account
32
56,739
Shareholders' funds
34
56,741
For the year ending 30 June 2026 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 September 2026 and were signed on its behalf by
Jack Malnick
Director
Company Registration No. 15683659
Jolack Ltd
Notes to the Accounts
for the year ended 30 June 2026
Jolack Ltd is a private company, limited by shares, registered in England and Wales, registration number 15683659. The registered office is Office 1.01, 411-413 Oxford Street, London, W1C 2PE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight Line 25%
Motor vehicles
Reducing Balance 25%
Fixtures & fittings
Straight Line 25%
Computer equipment
Straight Line 25%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Jolack Ltd
Notes to the Accounts
for the year ended 30 June 2026
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Total
5
Tangible fixed assets
Total
Jolack Ltd
Notes to the Accounts
for the year ended 30 June 2026
6
Average number of employees
During the year the average number of employees was 2 (2025: 0).