JKP Commerce Ltd - Filleted accounts

Registered number

13196054

JKP Commerce Ltd

Filleted Accounts

28 February 2022

JKP Commerce Ltd
Registered number:		13196054
Balance Sheet
as at 28 February 2022

Notes			2022
£
Current assets
Debtors	3	6,248
Cash at bank and in hand		11,599
		17,847

Creditors: amounts falling due within one year	4	(21,956)

Net current liabilities			(4,109)

Net liabilities			(4,109)

Capital and reserves
Called up share capital			100
Profit and loss account			(4,209)

Shareholder's funds			(4,109)

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 member has 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.




J K Park
Director
Approved by the board on 1 September 2022

JKP Commerce Ltd
Notes to the Accounts
for the period from 11 February 2021 to 28 February 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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.


2	Employees	2022
Number

	Average number of persons employed by the company	1


3	Debtors	2022
£

	Trade debtors	797
	Other debtors	5,451
		6,248


4	Creditors: amounts falling due within one year	2022
£

	Taxation and social security costs	41
	Other creditors	21,915
		21,956


5	Other information

	JKP Commerce Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	F173 - 174 Riverside Business Centre
	Haldane Place
	London
	SW18 4UQ

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