| JK HOUSE LTD |
| Registered number: |
10421608 |
| Balance Sheet |
| as at 31 October 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
66,500 |
|
|
79,800 |
| Tangible assets |
4 |
|
|
35,077 |
|
|
33,477 |
|
|
|
|
101,577 |
|
|
113,277 |
|
| Current assets |
| Stocks |
|
|
3,500 |
|
|
2,120 |
| Debtors |
5 |
|
18,927 |
|
|
20,915 |
| Cash at bank and in hand |
|
|
9,463 |
|
|
24,134 |
|
|
|
31,890 |
|
|
47,169 |
|
| Creditors: amounts falling due within one year |
6 |
|
(79,608) |
|
|
(95,082) |
|
| Net current liabilities |
|
|
|
(47,718) |
|
|
(47,913) |
|
| Total assets less current liabilities |
|
|
|
53,859 |
|
|
65,364 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(38,082) |
|
|
(64,603) |
|
|
|
| Net assets |
|
|
|
15,777 |
|
|
761 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
15,776 |
|
|
760 |
|
| Shareholders' funds |
|
|
|
15,777 |
|
|
761 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| M J Ahmed |
| Director |
| Approved by the board on 21 October 2023 |
|
| JK HOUSE LTD |
| Notes to the Accounts |
| for the year ended 31 October 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover includes revenue earned from the sale of goods and from the rendering of services, net
of discounts and value addes taxes. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
15% reducing balance |
|
Fixtures, fittings, tools and equipment |
15% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
Government grant |
|
The company received the government grants as part of Corona Virus support measures and these are presented in the accounts under the accrual model. They are as follows;
Council grant £9,000 |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
10 |
|
7 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 November 2021 |
133,000 |
|
At 31 October 2022 |
133,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 November 2021 |
53,200 |
|
Provided during the year |
13,300 |
|
At 31 October 2022 |
66,500 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2022 |
66,500 |
|
At 31 October 2021 |
79,800 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 November 2021 |
11,154 |
|
38,361 |
|
49,515 |
|
Additions |
- |
|
5,822 |
|
5,822 |
|
At 31 October 2022 |
11,154 |
|
44,183 |
|
55,337 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2021 |
- |
|
16,038 |
|
16,038 |
|
Charge for the year |
- |
|
4,222 |
|
4,222 |
|
At 31 October 2022 |
- |
|
20,260 |
|
20,260 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2022 |
11,154 |
|
23,923 |
|
35,077 |
|
At 31 October 2021 |
11,154 |
|
22,323 |
|
33,477 |
|
|
| 5 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade debtors |
7,415 |
|
7,195 |
|
Other debtors |
11,512 |
|
13,720 |
|
|
|
|
|
|
18,927 |
|
20,915 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade creditors |
2,881 |
|
2,881 |
|
Taxation and social security costs |
10,636 |
|
(1,192) |
|
Other creditors |
66,091 |
|
93,393 |
|
|
|
|
|
|
79,608 |
|
95,082 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loans |
38,082 |
|
64,603 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Controlling party |
|
|
The ultimate controlling party is the director. |
|
|
| 9 |
Other information |
|
|
JK HOUSE LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
95 Cranbrook Road |
|
Ilford |
|
England |
|
IG1 4PG |
