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REGISTERED NUMBER: 11268897 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2021

FOR

JSC HOUSE LIMITED

JSC HOUSE LIMITED (REGISTERED NUMBER: 11268897)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2021




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JSC HOUSE LIMITED

COMPANY INFORMATION
for the year ended 31 May 2021







DIRECTOR: Mr N J Letchford





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 11268897 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

JSC HOUSE LIMITED (REGISTERED NUMBER: 11268897)

ABRIDGED BALANCE SHEET
31 May 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,199 3,703

CURRENT ASSETS
Stocks 5,952 3,431
Debtors 219,995 187,151
Cash at bank and in hand 51,698 1,615
277,645 192,197
CREDITORS
Amounts falling due within one year 168,453 136,815
NET CURRENT ASSETS 109,192 55,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,391

59,085

CREDITORS
Amounts falling due after more than one year 41,667 -
NET ASSETS 71,724 59,085

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 71,624 58,985
71,724 59,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JSC HOUSE LIMITED (REGISTERED NUMBER: 11268897)

ABRIDGED BALANCE SHEET - continued
31 May 2021


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 July 2022 and were signed by:





Mr N J Letchford - Director


JSC HOUSE LIMITED (REGISTERED NUMBER: 11268897)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2021

1. STATUTORY INFORMATION

JSC House 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared under going concern basis as the company will continue for the foreseeable future, not less than 12 months from the date of approval of these financial statements with the financial support from its director and credit facilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

JSC HOUSE LIMITED (REGISTERED NUMBER: 11268897)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2021

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Government grants
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that:
(a) the entity will comply with the conditions attaching to them; and
(b) the grants will be received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2020 - 23 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2020 6,148
Additions 2,711
At 31 May 2021 8,859
DEPRECIATION
At 1 June 2020 2,445
Charge for year 2,215
At 31 May 2021 4,660
NET BOOK VALUE
At 31 May 2021 4,199
At 31 May 2020 3,703

5. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company and Victoria PH Limited are both subsidiaries of Carbon Industries Holdings Limited.

At the balance sheet date the company was owed £74,880 (2020: £74,880) by VLM House Limited, a subsidiary of Victoria PH Limited.

During the previous year the company received £42,750 in management charges from VLM House Limited.

During the year the company paid £49,557 to Fifty Foot Tall Limited a company controlled by the director, Mr N Letchford.