JK Leisure Clothing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05330803 (England and Wales)

JK LEISURE CLOTHING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2019

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K Harris

J Harris

SECRETARY:

J Harris

REGISTERED OFFICE:

Suite 2

S18 HUB

Callywhite Lane

Dronfield

Derbyshire

S18 2XP

REGISTERED NUMBER:

05330803 (England and Wales)

ACCOUNTANTS:

Ian R Collins & Co

The Bridge House

Mill Lane

Dronfield

Derbyshire

S18 2XL

FIXED ASSETS

Intangible assets

3

-

9,000

Tangible assets

4

1,425

1,625

1,425

10,625

CURRENT ASSETS

Debtors

81,036

21,045

Cash at bank

33,267

8,000

114,303

29,045

CREDITORS

Amounts falling due within one year

(97,046

)

(38,734

)

NET CURRENT ASSETS/(LIABILITIES)

17,257

(9,689

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,682

936

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

17,682

(64

)

SHAREHOLDERS' FUNDS

18,682

936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st July 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13th February 2020 and were signed on its behalf by:

Mrs K Harris - Director

1.	STATUTORY INFORMATION

JK Leisure Clothing Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address

can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable,

excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible

assets are measured at cost less any accumulated amortisation and any accumulated

impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the

Income Statement, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws

that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax

assessments in periods different from those in which they are recognised in financial

statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent

that it is probable that they will be recovered against the reversal of deferred tax

liabilities or other future taxable profits.

3.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st August 2018

and 31st July 2019

27,000

AMORTISATION

At 1st August 2018

18,000

Amortisation for year

9,000

At 31st July 2019

27,000

NET BOOK VALUE

At 31st July 2019

-

At 31st July 2018

9,000

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st August 2018

and 31st July 2019

2,025

DEPRECIATION

At 1st August 2018

400

Charge for year

200

At 31st July 2019

600

NET BOOK VALUE

At 31st July 2019

1,425

At 31st July 2018

1,625