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Company Registration No. 01107279 (England and Wales)
J. & J. Products Ashford Limited Unaudited accounts for the year ended 31 March 2023
J. & J. Products Ashford Limited Unaudited accounts Contents
Page
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J. & J. Products Ashford Limited Company Information for the year ended 31 March 2023
Directors
Mr Ian James Donald Mr Keith Charles Donald Ms Audrey Amelia Donald
Secretary
Mrs Shirley Anne Donald
Company Number
01107279 (England and Wales)
Registered Office
Unit 3 River Gardens Busines Centre Spur Road North Feltham Trading Estate Feltham Middlesex TW14 0SN United Kingdom
Accountants
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA
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J. & J. Products Ashford Limited Accountants' report
Accountants' report to the board of directors of J. & J. Products Ashford Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J. & J. Products Ashford Limited for the year ended 31 March 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of J. & J. Products Ashford Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of J. & J. Products Ashford Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. & J. Products Ashford Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J. & J. Products Ashford Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J. & J. Products Ashford Limited. You consider that J. & J. Products Ashford Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J. & J. Products Ashford Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA 8 June 2023
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J. & J. Products Ashford Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,607 
18,351 
Current assets
Inventories
14,462 
17,456 
Debtors
145,693 
215,196 
Cash at bank and in hand
79,404 
29,693 
239,559 
262,345 
Creditors: amounts falling due within one year
(67,964)
(96,874)
Net current assets
171,595 
165,471 
Total assets less current liabilities
186,202 
183,822 
Creditors: amounts falling due after more than one year
(35,646)
(51,889)
Net assets
150,556 
131,933 
Capital and reserves
Called up share capital
108 
108 
Profit and loss account
150,448 
131,825 
Shareholders' funds
150,556 
131,933 
For the year ending 31 March 2023 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.
The financial statements were approved by the Board of Directors and authorised for issue on 8 June 2023 and were signed on its behalf by
Mr Ian James Donald Director Company Registration No. 01107279
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J. & J. Products Ashford Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
J. & J. Products Ashford Limited is a private company, limited by shares, registered in England and Wales, registration number 01107279. The registered office is Unit 3 River Gardens Busines Centre, Spur Road, North Feltham Trading Estate, Feltham Middlesex, TW14 0SN, United Kingdom.
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing balance basis
Motor vehicles
25% Reducing balance basis
Fixtures & fittings
20% Reducing balance basis
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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J. & J. Products Ashford Limited Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
182,372 
68,400 
44,193 
294,965 
At 31 March 2023
182,372 
68,400 
44,193 
294,965 
Depreciation
At 1 April 2022
177,269 
56,718 
42,627 
276,614 
Charge for the year
510 
2,921 
313 
3,744 
At 31 March 2023
177,779 
59,639 
42,940 
280,358 
Net book value
At 31 March 2023
4,593 
8,761 
1,253 
14,607 
At 31 March 2022
5,103 
11,682 
1,566 
18,351 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
108,910 
173,670 
Accrued income and prepayments
19,599 
14,340 
Other debtors
17,184 
27,186 
145,693 
215,196 
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J. & J. Products Ashford Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,497 
10,876 
Obligations under finance leases and hire purchase contracts
6,617 
3,600 
Trade creditors
23,760 
51,425 
Taxes and social security
32,998 
30,973 
Accruals
92 
- 
67,964 
96,874 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,646 
45,272 
Obligations under finance leases and hire purchase contracts
- 
6,617 
35,646 
51,889 
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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