IRIS Accounts Production v22.1.4.3 01092436 Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure010924362020-12-31010924362021-12-31010924362021-01-012021-12-31010924362019-12-31010924362020-01-012020-12-31010924362020-12-3101092436ns16:EnglandWales2021-01-012021-12-3101092436ns15:PoundSterling2021-01-012021-12-3101092436ns11:Director12021-01-012021-12-3101092436ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3101092436ns11:SmallEntities2021-01-012021-12-3101092436ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3101092436ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3101092436ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3101092436ns11:FullAccounts2021-01-012021-12-3101092436ns11:OrdinaryShareClass12021-01-012021-12-3101092436ns11:Director22021-01-012021-12-3101092436ns11:CompanySecretary12021-01-012021-12-3101092436ns11:RegisteredOffice2021-01-012021-12-3101092436ns6:CurrentFinancialInstruments2021-12-3101092436ns6:CurrentFinancialInstruments2020-12-3101092436ns6:Non-currentFinancialInstruments2021-12-3101092436ns6:Non-currentFinancialInstruments2020-12-3101092436ns6:ShareCapital2021-12-3101092436ns6:ShareCapital2020-12-3101092436ns6:CapitalRedemptionReserve2021-12-3101092436ns6:CapitalRedemptionReserve2020-12-3101092436ns6:RetainedEarningsAccumulatedLosses2021-12-3101092436ns6:RetainedEarningsAccumulatedLosses2020-12-3101092436ns6:OwnedOrFreeholdAssetsns6:LandBuildings2021-01-012021-12-3101092436ns6:PlantMachinery2021-01-012021-12-3101092436ns6:FurnitureFittings2021-01-012021-12-3101092436ns6:MotorVehicles2021-01-012021-12-3101092436ns6:LandBuildings2020-12-3101092436ns6:PlantMachinery2020-12-3101092436ns6:FurnitureFittings2020-12-3101092436ns6:MotorVehicles2020-12-3101092436ns6:LandBuildings2021-01-012021-12-3101092436ns6:LandBuildings2021-12-3101092436ns6:PlantMachinery2021-12-3101092436ns6:FurnitureFittings2021-12-3101092436ns6:MotorVehicles2021-12-3101092436ns6:LandBuildings2020-12-3101092436ns6:PlantMachinery2020-12-3101092436ns6:FurnitureFittings2020-12-3101092436ns6:MotorVehicles2020-12-3101092436ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3101092436ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3101092436ns11:OrdinaryShareClass12021-12-31
REGISTERED NUMBER: 01092436 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

J.C.S. TOOLS LIMITED

J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5


J.C.S. TOOLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mrs V A Scaldwell
G Scaldwell





SECRETARY: Mrs V A Scaldwell





REGISTERED OFFICE: 101 Kettlebrook Road
Tamworth
Staffordshire
B77 1AG





REGISTERED NUMBER: 01092436 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 377,831 331,615

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 5 157,034 160,283
Cash at bank and in hand 459 51,569
165,493 219,852
CREDITORS
Amounts falling due within one year 6 91,027 119,696
NET CURRENT ASSETS 74,466 100,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

452,297

431,771

CREDITORS
Amounts falling due after more than one year 7 (144,856 ) (108,821 )

PROVISIONS FOR LIABILITIES (19,600 ) (6,600 )
NET ASSETS 287,841 316,350

CAPITAL AND RESERVES
Called up share capital 9 125 125
Capital redemption reserve 75 75
Retained earnings 287,641 316,150
SHAREHOLDERS' FUNDS 287,841 316,350

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

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

The directors acknowledge their 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.

J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)

BALANCE SHEET - continued
31 DECEMBER 2021


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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)

BALANCE SHEET - continued
31 DECEMBER 2021



The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2022 and were signed on its behalf by:





G Scaldwell - Director


J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

J.C.S. Tools 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.

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 significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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.
Freehold property - 0% - 2% on cost
Plant and machinery - 15% reducing balance
Fixtures and fittings - 33% reducing balance and 15% reducing balance
Motor vehicles - 25% reducing balance

Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.

Stocks
Stocks and work in progress are valued based on the directors estimates of the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that 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.

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.

3. EMPLOYEES

The average number of employees during the year was 10 (2020 - 10 ) .

J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2021 326,801 117,404 17,643 13,250 475,098
Additions - - - 61,995 61,995
Disposals - (7,390 ) (139 ) - (7,529 )
At 31 December 2021 326,801 110,014 17,504 75,245 529,564
DEPRECIATION
At 1 January 2021 30,943 86,987 13,648 11,905 143,483
Charge for year 4,736 4,562 678 5,503 15,479
Eliminated on disposal - (7,092 ) (137 ) - (7,229 )
At 31 December 2021 35,679 84,457 14,189 17,408 151,733
NET BOOK VALUE
At 31 December 2021 291,122 25,557 3,315 57,837 377,831
At 31 December 2020 295,858 30,417 3,995 1,345 331,615


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 72,416 84,391
Other debtors 84,618 75,892
157,034 160,283

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 17,845 14,486
Hire purchase contracts 9,315 -
Trade creditors 41,175 39,432
Taxation and social security 19,869 58,816
Other creditors 2,823 6,962
91,027 119,696

J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 100,433 108,821
Hire purchase contracts 44,423 -
144,856 108,821

8. SECURED DEBTS

Creditors includes a mortgage secured on a property. The amount outstanding at the year end is £113,571 (2020 - £123,307).

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
125 Ordinary £1 125 125

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is £69,334 (2020 - £55,926) due from G Scaldwell and £5,640 (2020 - £10,907) due form Mrs V Scaldwell. Interest of £1,612 (2020 - £1,944) has been charged on amounts due.

Interest has been calculated using the applicable official beneficial loan interest rate and there are no fixed repayment terms.