Company Registration No. 05609285 (England and Wales)
JONVIC (UK) LTD.
Unaudited accounts
for the year ended 31 October 2021
JONVIC (UK) LTD.
Unaudited accounts
Contents
JONVIC (UK) LTD.
Company Information
for the year ended 31 October 2021
Directors
Daniel Peter Fedak
Kaye Kuye
Company Number
05609285 (England and Wales)
Registered Office
85 Great Portland Street
1st Floor
London
W1W 7LT
England
Accountants
Olaando Consulting Ltd
7 Bell Yard
London
WC2A 2JR
JONVIC (UK) LTD.
Statement of financial position
as at 31 October 2021
Tangible assets
33,658
42,072
Cash at bank and in hand
46,955
24,822
Creditors: amounts falling due within one year
(36,148)
(13,078)
Net current assets
10,807
11,744
Total assets less current liabilities
38,340
53,816
Creditors: amounts falling due after more than one year
(24,789)
(40,000)
Called up share capital
2
2
Profit and loss account
13,549
13,814
Shareholders' funds
13,551
13,816
For the year ending 31 October 2021 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 17 January 2022 and were signed on its behalf by
Kaye Kuye
Director
Company Registration No. 05609285
JONVIC (UK) LTD.
Notes to the Accounts
for the year ended 31 October 2021
JONVIC (UK) LTD. is a private company, limited by shares, registered in England and Wales, registration number 05609285. The registered office is 85 Great Portland Street, 1st Floor, London, W1W 7LT, England.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2020
24,239
63,186
87,425
At 31 October 2021
24,239
63,186
87,425
At 1 November 2020
15,496
29,857
45,353
Charge for the year
1,748
6,666
8,414
At 31 October 2021
17,244
36,523
53,767
At 31 October 2021
6,995
26,663
33,658
At 31 October 2020
8,743
33,329
42,072
JONVIC (UK) LTD.
Notes to the Accounts
for the year ended 31 October 2021
5
Investments
Other investments
Valuation at 1 November 2020
-
Valuation at 31 October 2021
(6,125)
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
8,000
-
Taxes and social security
3,509
963
Loans from directors
24,039
-
The bank loan of £8,000 is the 'amounts falling due within one year' on the Bounce Back Loan of £40,000 taken.
7
Creditors: amounts falling due after more than one year
2021
2020
The bank loan of £24,789 is the 'amounts falling due after more than one year' on the Bounce Back Loan of ££40,000 taken.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).
