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REGISTERED NUMBER: 08636125 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Juniper Systems Limited

Juniper Systems Limited (Registered number: 08636125)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Juniper Systems Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr M S Bowe
Mr D D Labrum
Mrs V J O'Brien
Mrs L J Archibald





REGISTERED OFFICE: 3 The Mill
High Street
Stourbridge
West Midlands
DY8 4FA





REGISTERED NUMBER: 08636125 (England and Wales)





AUDITORS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

Juniper Systems Limited (Registered number: 08636125)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,935 10,765

CURRENT ASSETS
Stocks 305,942 288,216
Debtors 5 594,513 619,356
Cash at bank and in hand 1,055,512 1,001,712
1,955,967 1,909,284
CREDITORS
Amounts falling due within one year 6 469,147 693,529
NET CURRENT ASSETS 1,486,820 1,215,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,517,755

1,226,520

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,517,655 1,226,420
1,517,755 1,226,520

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:




Mr M S Bowe - Director



Mrs V J O'Brien - Director


Juniper Systems Limited (Registered number: 08636125)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Juniper Systems 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.

Related party exemption
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 the ultimate parent company and other wholly owned subsidiaries within the group.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of value added tax. The fair value of consideration takes into account trade discounts.

Revenue from the sale of goods is recognised when:

-
the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the
goods;
- the amount of the revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery-Varying rates on cost
Fixtures and fittings-Varying rates on cost
Demo and test equipment-Varying rates on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the disposal proceeds and the carrying value of the asset and is credited or charged to profit or loss.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in first out basis.

At each reporting date, an assessment is made for impairment, being any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell. The impairment loss and any subsequent reversal is recognised in the statement of comprehensive income.

Juniper Systems Limited (Registered number: 08636125)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals payable under operating leases, including any lease incentives received or receivable, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the services of the employee are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Juniper Systems Limited (Registered number: 08636125)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures Demo and
Plant and and test
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 33,993 21,550 23,439 78,982
Additions 3,704 - 30,522 34,226
Disposals (16,749 ) (21,550 ) (16,368 ) (54,667 )
At 31 August 2023 20,948 - 37,593 58,541
DEPRECIATION
At 1 September 2022 27,881 21,550 18,786 68,217
Charge for year 4,878 - 9,178 14,056
Eliminated on disposal (16,749 ) (21,550 ) (16,368 ) (54,667 )
At 31 August 2023 16,010 - 11,596 27,606
NET BOOK VALUE
At 31 August 2023 4,938 - 25,997 30,935
At 31 August 2022 6,112 - 4,653 10,765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 193,349 600,408
Amounts owed by group undertakings 379,382 -
Other debtors 21,782 18,948
594,513 619,356

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors (124 ) 10,661
Amounts owed to group undertakings - 266,973
Taxation and social security 87,796 85,319
Other creditors 381,475 330,576
469,147 693,529

Juniper Systems Limited (Registered number: 08636125)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.23 31.8.22
£    £   
Within one year 10,070 21,270
Between one and five years 15,780 22,010
In more than five years - 3,840
25,850 47,120

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Smith BSc FCA (Senior Statutory Auditor)
for and on behalf of Folkes Worton LLP

9. PARENT COMPANY

The immediate parent company is Juniper Systems Inc a company registered in Utah, USA.

The ultimate parent company is Campbell Scientific Inc a company registered in Utah, USA.