J & J Security & Electrical Limited 06903074 false 2021-06-01 2022-05-31 2022-05-31 The principal activity of the company is electrical installation Digita Accounts Production Advanced 6.30.9574.0 true 06903074 2021-06-01 2022-05-31 06903074 2022-05-31 06903074 core:RetainedEarningsAccumulatedLosses 2022-05-31 06903074 core:ShareCapital 2022-05-31 06903074 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-05-31 06903074 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-05-31 06903074 core:CurrentFinancialInstruments 2022-05-31 06903074 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 06903074 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 06903074 core:FurnitureFittingsToolsEquipment 2022-05-31 06903074 core:MotorVehicles 2022-05-31 06903074 bus:SmallEntities 2021-06-01 2022-05-31 06903074 bus:AuditExemptWithAccountantsReport 2021-06-01 2022-05-31 06903074 bus:FullAccounts 2021-06-01 2022-05-31 06903074 bus:SmallCompaniesRegimeForAccounts 2021-06-01 2022-05-31 06903074 bus:RegisteredOffice 2021-06-01 2022-05-31 06903074 bus:Director1 2021-06-01 2022-05-31 06903074 bus:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 06903074 core:FurnitureFittingsToolsEquipment 2021-06-01 2022-05-31 06903074 core:MotorVehicles 2021-06-01 2022-05-31 06903074 core:OfficeEquipment 2021-06-01 2022-05-31 06903074 core:ToolsEquipment 2021-06-01 2022-05-31 06903074 countries:EnglandWales 2021-06-01 2022-05-31 06903074 2021-05-31 06903074 core:FurnitureFittingsToolsEquipment 2021-05-31 06903074 core:MotorVehicles 2021-05-31 06903074 2020-06-01 2021-05-31 06903074 2021-05-31 06903074 core:RetainedEarningsAccumulatedLosses 2021-05-31 06903074 core:ShareCapital 2021-05-31 06903074 core:HirePurchaseContracts core:CurrentFinancialInstruments 2021-05-31 06903074 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2021-05-31 06903074 core:CurrentFinancialInstruments 2021-05-31 06903074 core:CurrentFinancialInstruments core:WithinOneYear 2021-05-31 06903074 core:Non-currentFinancialInstruments core:AfterOneYear 2021-05-31 06903074 core:FurnitureFittingsToolsEquipment 2021-05-31 06903074 core:MotorVehicles 2021-05-31 iso4217:GBP xbrli:pure

Registration number: 06903074

J & J Security & Electrical Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2022

 

J & J Security & Electrical Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

J & J Security & Electrical Limited

(Registration number: 06903074)
Balance Sheet as at 31 May 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

25,838

4,441

Current assets

 

Debtors

5

61,585

18,895

Cash at bank and in hand

 

70,194

51,024

 

131,779

69,919

Creditors: Amounts falling due within one year

6

(34,021)

(24,163)

Net current assets

 

97,758

45,756

Total assets less current liabilities

 

123,596

50,197

Creditors: Amounts falling due after more than one year

6

(14,864)

-

Provisions for liabilities

(4,909)

-

Net assets

 

103,823

50,197

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

103,723

50,097

Shareholders' funds

 

103,823

50,197

For the financial year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 2 September 2022 and signed on its behalf by:
 

 

J & J Security & Electrical Limited

(Registration number: 06903074)
Balance Sheet as at 31 May 2022

.........................................
Mrs J A James
Director

 

J & J Security & Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Thorne Road
Doncaster
South Yorkshire
DN1 2HJ
United Kingdom

These financial statements were authorised for issue by the Board on 2 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

J & J Security & Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% per annum on a reducing balance basis

Tools and equipment

25% per annum on a reducing balance basis

Office equipment

25% per annum on a reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

J & J Security & Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2021 - 4).

 

J & J Security & Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2021

2,601

28,580

31,181

Additions

1,746

29,995

31,741

Disposals

-

(12,991)

(12,991)

At 31 May 2022

4,347

45,584

49,931

Depreciation

At 1 June 2021

1,974

24,766

26,740

Charge for the year

592

8,019

8,611

Eliminated on disposal

-

(11,258)

(11,258)

At 31 May 2022

2,566

21,527

24,093

Carrying amount

At 31 May 2022

1,781

24,057

25,838

At 31 May 2021

627

3,814

4,441

5

Debtors

2022
£

2021
£

Trade debtors

30,940

15,862

Other debtors

29,282

1,099

Prepayments

1,363

1,934

61,585

18,895

 

J & J Security & Electrical Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2022

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

7

7,784

-

Trade creditors

 

3,474

5,119

Amounts owed to related parties

2,118

6,315

Taxation and social security

 

-

2,701

Income tax liability

 

19,280

8,555

Accrued expenses

 

1,365

1,473

 

34,021

24,163

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

7

14,864

-

7

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Hire purchase contracts

14,864

-

2022
£

2021
£

Current loans and borrowings

Hire purchase contracts

7,784

-