ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Company registration number: 05708431

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 28 FEBRUARY 2025

	JEMLEE LIMITED


JEMLEE LIMITED

COMPANY INFORMATION

Director	S. Askew


Registered number	05708431


Registered office	34 Dorking Road
	Bookham
	Surrey
	KT23 4LX


Accountants	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


JEMLEE LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


JEMLEE LIMITED REGISTERED NUMBER:05708431

STATEMENT OF FINANCIAL POSITION AS AT 28 FEBRUARY 2025

	28 February	29 February
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		2,764		4,307
			2,764		4,307
Current assets
Stocks		650		650
Debtors: amounts falling due within one year	5	4,822		4,496
Cash at bank and in hand		13,162		13,239
		18,634		18,385
Creditors: amounts falling due within one year	6	(16,683)		(13,315)
Net current assets			1,951		5,070
Total assets less current liabilities			4,715		9,377
Provisions for liabilities
Deferred tax		(496)		-
			(496)		-
Net assets			4,219		9,377

Capital and reserves
Allotted, called up and fully paid share capital	106	106
Profit and loss account	4,113	9,271
	4,219	9,377

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.

Page 1


JEMLEE LIMITED REGISTERED NUMBER:05708431

STATEMENT OF FINANCIAL POSITION AS AT (CONTINUED)

28 FEBRUARY 2025

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S. Askew

Director

Date: 27 November 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


JEMLEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1.	General information

Jemlee Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. The address of the principal place of business is 1 The Laurels, The Street, Effingham, Surrey, KT24 5LH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.3

Revenue

Revenue is recognised upon the provision of hairdressing services and supply of hairdressing supplies.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	25% reducing balance
				Computer equipment	-	20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3


JEMLEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.5

Stock

Stocks of hair supplies are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.7

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

2.8

Operating leases: the Company as lessee

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

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4


JEMLEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 3).

4.	Tangible fixed assets

	Long-term leasehold property	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 March 2024	10,000	8,697	7,984	26,681
At 28 February 2025	10,000	8,697	7,984	26,681
Depreciation
At 1 March 2024	10,000	5,905	6,469	22,374
Charge for the year	-	698	845	1,543
At 28 February 2025	10,000	6,603	7,314	23,917
Net book value
At 28 February 2025	-	2,094	670	2,764
At 29 February 2024	-	2,792	1,515	4,307

Debtors

					28 February	29 February
					2025	2024
					£	£


Other debtors	2,309	2,068
Prepayments and accrued income	2,513	2,428
	4,822	4,496

Page 5


JEMLEE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Corporation tax	4,547	4,230
Other creditors	5,716	2,695
Accruals and deferred income	6,420	6,390
	16,683	13,315

Not later than 1 year	17,136	17,136
Later than 1 year and not later than 5 years	52,127	69,271
	69,263	86,407

8.	Transactions with directors

Included within other creditors are the following advances and credits to directors which subsisted during the years ended 2025 and 2024.

		28 February	29 February
		2025	2024
		£	£

Brought forward	(33)	(445)
Amounts advanced	7,770	3,487
Amounts repaid	(7,808)	(3,075)
	(71)	(33)

Interest is not being charged on this loan. The loan is repayable on demand.

28/02/2025

Page 6