Company Registration No. 08380688 (England and Wales)
Jaan Leicester Limited
Unaudited accounts
for the year ended 29 February 2020
Jaan Leicester Limited
Unaudited accounts
Contents
Jaan Leicester Limited
Company Information
for the year ended 29 February 2020
Directors
Mohammed Rizwan Malik
Mohammed Zubair Malik
Company Number
08380688 (England and Wales)
Registered Office
24 Vulcan House
Vulcan Road
Leicester
LE5 3EF
Accountants
Ghumra & Co Limited
45 Broadway Road
Leicester
LE5 5TB
Jaan Leicester Limited
Statement of financial position
as at 29 February 2020
Tangible assets
2,676
7,591
Cash at bank and in hand
-
498
Creditors: amounts falling due within one year
(120,309)
(121,651)
Net current liabilities
(15,927)
(16,162)
Total assets less current liabilities
(13,251)
(8,571)
Provisions for liabilities
Net liabilities
(13,760)
(10,013)
Called up share capital
100
100
Profit and loss account
(13,860)
(10,113)
Shareholders' funds
(13,760)
(10,013)
For the year ending 29 February 2020 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 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 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 of Directors and authorised for issue on 15 February 2021 and were signed on its behalf by
Mohammed Rizwan Malik
Director
Company Registration No. 08380688
Jaan Leicester Limited
Notes to the Accounts
for the year ended 29 February 2020
Jaan Leicester Limited is a private company, limited by shares, registered in England and Wales, registration number 08380688. The registered office is 24 Vulcan House, Vulcan Road, Leicester, LE5 3EF.
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.
Turnover represents the value, net of value added tax, of goods provided to customers.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Stock is valued at the lower of cost and net realisable value.
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.
Jaan Leicester Limited
Notes to the Accounts
for the year ended 29 February 2020
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2019
6,938
15,250
22,188
At 29 February 2020
6,938
15,250
22,188
At 1 March 2019
2,659
11,938
14,597
Charge for the year
1,603
3,312
4,915
At 29 February 2020
4,262
15,250
19,512
At 29 February 2020
2,676
-
2,676
At 28 February 2019
4,279
3,312
7,591
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Finished goods
91,720
98,650
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
9,155
9,525
Obligations under finance leases and hire purchase contracts
-
2,976
Trade creditors
89,560
92,142
Taxes and social security
13,594
5,220
Loans from directors
-
11,588
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Jaan Leicester Limited
Notes to the Accounts
for the year ended 29 February 2020
9
Average number of employees
During the year the average number of employees was 7 (2019: 8).
