Jaan Leicester Limited

Jaan Leicester Limited

JAAN LEICESTER LIMITED - Company Information

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1 March 2017 false No description of principal activity Taxfiler 2018.15.Web 08380688business:PrivateLimitedCompanyLtd2017-03-012018-02-28 083806882017-02-28 083806882017-03-012018-02-28 08380688business:AuditExemptWithAccountantsReport2017-03-012018-02-28 08380688business:FullAccounts2017-03-012018-02-28 083806882018-02-28 08380688business:Director12017-03-012018-02-28 08380688business:Director22017-03-012018-02-28 08380688business:RegisteredOffice2017-03-012018-02-28 083806882017-02-28 08380688core:WithinOneYear2018-02-28 08380688core:WithinOneYear2017-02-28 08380688core:AfterOneYear2018-02-28 08380688core:AfterOneYear2017-02-28 08380688core:ShareCapital2018-02-28 08380688core:ShareCapital2017-02-28 08380688core:RetainedEarningsAccumulatedLosses2018-02-28 08380688core:RetainedEarningsAccumulatedLosses2017-02-28 08380688business:SmallEntities2017-03-012018-02-28 08380688countries:EnglandWales2017-03-012018-02-28 08380688core:PlantMachinery2017-03-012018-02-28 08380688core:MotorVehicles2017-03-012018-02-28 08380688core:PlantMachinery2017-02-28 08380688core:MotorVehicles2017-02-28 08380688core:PlantMachinery2018-02-28 08380688core:MotorVehicles2018-02-28 08380688core:MotorVehiclescore:LeasedAssetsHeldAsLessee2018-02-28 08380688core:MotorVehiclescore:LeasedAssetsHeldAsLessee2017-02-28 08380688business:OrdinaryShareClass12017-03-012018-02-28 08380688business:OrdinaryShareClass12016-03-012017-02-28 08380688business:Director112017-03-012018-02-28 08380688business:Director112017-02-28 08380688business:Director112018-02-28 08380688business:Director222017-03-012018-02-28 08380688business:Director222017-02-28 08380688business:Director222018-02-28 083806882016-03-012017-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08380688 (England and Wales)
Jaan Leicester Limited Unaudited accounts for the year ended 28 February 2018
Jaan Leicester Limited Unaudited accounts Contents
Page
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Jaan Leicester Limited Company Information for the year ended 28 February 2018
Directors
Mohammed Rizwan Malik Mohammed Zubair Malik
Company Number
08380688 (England and Wales)
Registered Office
24 Vulcan House Vulcan Road Leicester LE5 3EF
Accountants
Ghumra & Co Limited 45 Broadway Road Leicester LE5 5TB
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Jaan Leicester Limited Statement of financial position as at 28 February 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
7,534 
10,431 
Current assets
Inventories
5
76,790 
47,350 
Debtors
6
11,723 
39,377 
Cash at bank and in hand
505 
187 
89,018 
86,914 
Creditors: amounts falling due within one year
7
(96,559)
(88,284)
Net current liabilities
(7,541)
(1,370)
Total assets less current liabilities
(7)
9,061 
Creditors: amounts falling due after more than one year
8
(2,976)
(7,206)
Provisions for liabilities
Deferred tax
(1,432)
(2,086)
Net liabilities
(4,415)
(231)
Capital and reserves
Called up share capital
9
100 
100 
Profit and loss account
(4,515)
(331)
Shareholders' funds
(4,415)
(231)
For the year ending 28 February 2018 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.
Approved by the Board on 19 November 2018.
Mohammed Rizwan Malik Director Company Registration No. 08380688
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Jaan Leicester Limited Notes to the Accounts for the year ended 28 February 2018
1
Statutory information
Jaan Leicester Limited is a private company, limited by shares, registered in England and Wales, registration number 08380688. The registered office is 24 Vulcan House, Vulcan Road, Leicester, LE5 3EF.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover represents the value, net of value added tax, of goods provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Stock
Stock is valued at the lower of cost and net realisable value.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2017
1,191 
15,250 
16,441 
Additions
775 
- 
775 
At 28 February 2018
1,966 
15,250 
17,216 
Depreciation
At 1 March 2017
697 
5,313 
6,010 
Charge for the year
359 
3,313 
3,672 
At 28 February 2018
1,056 
8,626 
9,682 
Net book value
At 28 February 2018
910 
6,624 
7,534 
At 28 February 2017
494 
9,937 
10,431 
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Jaan Leicester Limited Notes to the Accounts for the year ended 28 February 2018
2018 
2017 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
6,624 
9,937 
5
Inventories
2018 
2017 
£ 
£ 
Finished goods
76,790 
47,350 
76,790 
47,350 
6
Debtors
2018 
2017 
£ 
£ 
Trade debtors
6,774 
31,277 
Other debtors
4,949 
8,100 
11,723 
39,377 
7
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Bank loans and overdrafts
5,131 
6,798 
Obligations under finance leases and hire purchase contracts
4,233 
4,233 
Trade creditors
78,081 
70,073 
Taxes and social security
5,784 
4,580 
Other creditors
2,600 
2,600 
Loans from directors
730 
- 
96,559 
88,284 
8
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Obligations under finance leases and hire purchase contracts
2,976 
7,206 
9
Share capital
2018 
2017 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Jaan Leicester Limited Notes to the Accounts for the year ended 28 February 2018
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mohammed Rizwan Malik
Loan advance to director during the year. The loan is interest free and repayable on demand
4,050 
- 
4,050 
- 
Mohammed Zubair Malik
Loan advance to director during the year. The loan is interest free and repayabl on demand
4,050 
- 
4,050 
- 
8,100 
- 
8,100 
- 
11
Average number of employees
During the year the average number of employees was 8 (2017: 6).
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