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JASK LIMITED - Company Information

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Jask Limited

Registered Number:03742725

For the year ended 31 March 2023

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2023

Jask Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

03742725

As at 31 March 2023

Jask Limited

Statement of Financial Position

2022

2023

Notes

Fixed assets

Property, plant and equipment

63,198

Current assets

30,582

Cash and cash equivalents

666

30,582

Trade and other payables: amounts falling due within one

year

(32,256)

(1,260)

(1,674)

(594)

Net current liabilities

Total assets less current liabilities

62,604

61,524

Trade and other payables: amounts falling due after more

than one year

(286,453)

(254,210)

(191,606)

Net liabilities

(224,929)

Capital and reserves

Called up share capital

100

Retained earnings

(191,706)

(225,029)

(191,606)

(224,929)

Shareholders' funds

For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006

The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Ms K. Housley Director

These financial statements were approved and authorised for issue by the Board on 22 December 2023 and were signed by:

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Registered Number :

03742725

For the year ended 31 March 2023

Jask Limited

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 31 March 2023

Jask Limited

Notes to the Financial Statements

Statutory Information

Jask Limited is a private limited company, limited by shares, domiciled in England and Wales, registration

number 03742725.

Registered address:

Omega Court

368 Cemetery Road

Sheffield

S11 8FT

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and

the Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and buildings

Nil

25% Reducing balance

Fixtures and fittings

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the

expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such

depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits.

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For the year ended 31 March 2023

Jask Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Land and

buildings

Cost or

valuation

At 01 April 2022

63,198

93,300

Additions

Disposals

(93,300)

At 31 March 2023

63,198

At 31 March 2023

Net book value

63,198

At 31 March 2022

63,198

3. Trade and other payables: amounts falling due within one year

2022

2023

Trade creditors

1,056

Other creditors

1,260

31,200

1,260

32,256

4. Trade and other payables: amounts falling due after more than one year

2022

2023

Other creditors

254,210

286,453

5. Average number of persons employed

During the year the average number of employees was 1 (2022 : 1)

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