JKL Prop Ltd
JKL Prop Ltd
Registered number: 09926295
Unaudited Financial Statements
For the Period 1 January 2018 to 31 March 2019
Optimise Accountants Ltd
JKL Prop Ltd
Unaudited Financial Statements
For the Period 1 January 2018 to 31 March 2019
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
JKL Prop Ltd
Balance Sheet
As at
31 March 2019
Balance Sheet
Registered number:
09926295
For the period ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| Period to 31 March 2019 | 31 December 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Stocks | 3 |
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| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (164,547) | (245) | |||
Page 1
JKL Prop Ltd
Balance Sheet (continued)
As at
31 March 2019
Directors' responsibilities:
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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
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
JKL Prop Ltd
Notes to the Financial Statements
For the Period 1 January 2018 to 31 March 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
1.3.
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:
1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| Period to 31 March 2019 | 31 December 2017 | ||
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| Office and administration |
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3.
Stocks
| Period to 31 March 2019 | 31 December 2017 | ||
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| £ | £ | ||
| Stock - materials and work in progress | 136,861 | 1,437,336 | |
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4.
Debtors
| Period to 31 March 2019 | 31 December 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Other debtors |
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| VAT |
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| Due after more than one year | |||
| Other debtors |
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Page 3
JKL Prop Ltd
Notes to the Financial Statements (continued)
For the Period 1 January 2018 to 31 March 2019
5.
Creditors: Amounts Falling Due Within One Year
| Period to 31 March 2019 | 31 December 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Other creditors |
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| Directors' loan accounts |
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6.
Creditors: Amounts Falling Due After More Than One Year
| Period to 31 March 2019 | 31 December 2017 | ||
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| £ | £ | ||
| Bank loans |
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| Other creditors |
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7.
Share Capital
| Period to 31 March 2019 | 31 December 2017 | ||
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| Allotted, Called up and fully paid |
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8.
Ultimate Controlling Party
There is no ultimate controlling party due to each shareholder owning equal proportions of the total issued share capital.
9.
General Information
JKL Prop Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09926295 . The registered office is C/O Optimise Accountants Limited, Unit 3 Jubilee House, 31-33 Meadow Lane, Long Eaton, Nottinghamshire, NG10 2FE.
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