JK Comms Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07292363 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

FOR

JK COMMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S Bodle

REGISTERED OFFICE:

Unit 3 Diamond Business Centre

Holland Road

Oxted

Surrey

RH8 9BQ

REGISTERED NUMBER:

07292363 (England and Wales)

ACCOUNTANTS:

MDH

Chartered Certified Accountants

21 Stafford Road

Croydon

Surrey

CR0 4NG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,961

11,127

21,961

11,127

CURRENT ASSETS

Stocks

6

9,914

8,494

Debtors

7

68,754

28,366

Prepayments and accrued income

-

1,041

Cash at bank

4,912

49,505

83,580

87,406

CREDITORS

Amounts falling due within one year

8

56,450

50,868

NET CURRENT ASSETS

27,130

36,538

TOTAL ASSETS LESS CURRENT LIABILITIES

49,091

47,665

CREDITORS

Amounts falling due after more than one year

9

(44,553

)

(52,248

)

PROVISIONS FOR LIABILITIES

10

(4,173

)

(2,114

)

NET ASSETS/(LIABILITIES)

365

(6,697

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

265

(6,797

)

SHAREHOLDERS' FUNDS

365

(6,697

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 15 September 2022 and were signed by:

Mrs S Bodle - Director

1.	STATUTORY INFORMATION

JK Comms 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 2011, is being amortised evenly over its estimated useful life of ten 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.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2021

and 30 June 2022

50,000

AMORTISATION

At 1 July 2021

and 30 June 2022

50,000

NET BOOK VALUE

At 30 June 2022

-

At 30 June 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2021

25,872

Additions

24,441

Disposals

(15,432

)

At 30 June 2022

34,881

DEPRECIATION

At 1 July 2021

14,745

Charge for year

6,286

Eliminated on disposal

(8,111

)

At 30 June 2022

12,920

NET BOOK VALUE

At 30 June 2022

21,961

At 30 June 2021

11,127

6.

STOCKS

30/6/22

30/6/21

£

£

Stocks

9,914

8,494

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/22

30/6/21

£

£

Trade debtors

16,090

20,957

Other debtors

52,664

7,409

68,754

28,366

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/22

30/6/21

£

£

Bank loans and overdrafts

14,258

3,984

Hire purchase contracts

3,988

3,357

Trade creditors

9,474

6,895

Taxation and social security

28,456

22,960

Other creditors

274

13,672

56,450

50,868

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/6/22

30/6/21

£

£

Bank loans

34,584

49,171

Hire purchase contracts

9,969

3,077

44,553

52,248

10.	PROVISIONS FOR LIABILITIES

30/6/22

30/6/21

£

£

Deferred tax

4,173

2,114

Deferred

tax

£

Balance at 1 July 2021

2,114

Charge to Income Statement during year

2,059

Balance at 30 June 2022

4,173

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/6/22

30/6/21

value:

£

£

100

Ordinary

1

100

100

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2022 and 30 June 2021:

30/6/22

30/6/21

£

£

Mrs S Bodle

Balance outstanding at start of year

(3,672

)

(3,863

)

Amounts advanced

93,111

86,171

Amounts repaid

(89,713

)

(85,980

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(274

)

(3,672

)

13.	ULTIMATE CONTROLLING PARTY