TRACEY JACOB LIMITED

TRACEY JACOB LIMITED

TRACEY JACOB LIMITED - Company Information

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TRACEY JACOB LIMITED

Company Registration Number:
04892180 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

TRACEY JACOB LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

TRACEY JACOB LIMITED

Balance sheet

As at 30 September 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 1,334 1,488
Total fixed assets: 1,334 1,488
Current assets
Debtors:   1,350 4,809
Cash at bank and in hand: 11,690 15,199
Total current assets: 13,040 20,008
Creditors: amounts falling due within one year: 4 (9,749) (9,500)
Net current assets (liabilities): 3,291 10,508
Total assets less current liabilities: 4,625 11,996
Total net assets (liabilities): 4,625 11,996
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 4,525 11,896
Shareholders funds: 4,625 11,996

The notes form part of these financial statements

TRACEY JACOB LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 June 2024
and signed on behalf of the board by:

Name: Tracey Jacob
Status: Director

The notes form part of these financial statements

TRACEY JACOB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

DepreciationDepreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Fittings fixtures and equipment - 25% reducing balanceMotor vehicles - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

TaxationThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by thereporting date that are expected to apply to the reversal of the timing difference.Financial instrumentsThe Company only enters into basic financial instrument transactions like trade and other debtors creditors. Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

TRACEY JACOB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

TRACEY JACOB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 20,132
At 30 September 2023 20,132
Depreciation
At 01 October 2022 18,644
Charge for year 154
At 30 September 2023 18,798
Net book value
At 30 September 2023 1,334
At 30 September 2022 1,488

TRACEY JACOB LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2023 2022 £ £Corporation tax 6,283 4,453Social security and other taxes - 290Other creditors 3,466 4,757Total 9,749 9,500