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REGISTERED NUMBER: 07872227 (England and Wales)















JPS FINANCIAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023






JPS FINANCIAL LTD (REGISTERED NUMBER: 07872227)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JPS FINANCIAL LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023







DIRECTORS: P J Anglesey
J G Walsh





REGISTERED OFFICE: Suite 50, Pure Offices
Brooks Drive
Cheadle Royal Business Park
Cheadle
SK8 3TD





REGISTERED NUMBER: 07872227 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

JPS FINANCIAL LTD (REGISTERED NUMBER: 07872227)

BALANCE SHEET
30 JUNE 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 21,576

CURRENT ASSETS
Debtors 5 106,712 370,192
Cash at bank and in hand 97,276 1,507,229
203,988 1,877,421
CREDITORS
Amounts falling due within one year 6 23,918 165,967
NET CURRENT ASSETS 180,070 1,711,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,070

1,733,030

CAPITAL AND RESERVES
Called up share capital 7 20 30
Retained earnings 180,050 1,733,000
SHAREHOLDERS' FUNDS 180,070 1,733,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 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.

JPS FINANCIAL LTD (REGISTERED NUMBER: 07872227)

BALANCE SHEET - continued
30 JUNE 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:




P J Anglesey - Director



J G Walsh - Director


JPS FINANCIAL LTD (REGISTERED NUMBER: 07872227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023


1. STATUTORY INFORMATION

JPS Financial Ltd 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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

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 is recognised in stages as cases progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual of each asset over its estimated useful life.


Computer Equipment-33% Straight Line
Fixtures and fittings-20% Reducing balance


Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

JPS FINANCIAL LTD (REGISTERED NUMBER: 07872227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

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 AND DIRECTORS

The average number of employees during the period was 6 (2021 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022 43,714 84,491 128,205
Disposals (43,714 ) (84,491 ) (128,205 )
At 30 June 2023 - - -
DEPRECIATION
At 1 January 2022 27,078 79,551 106,629
Charge for period 4,658 4,940 9,598
Eliminated on disposal (31,736 ) (84,491 ) (116,227 )
At 30 June 2023 - - -
NET BOOK VALUE
At 30 June 2023 - - -
At 31 December 2021 16,636 4,940 21,576

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors 5,000 -
Amounts recoverable on contract - 81,000
Other debtors 101,712 289,192
106,712 370,192

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Taxation and social security 2,473 37,038
Other creditors 21,445 128,929
23,918 165,967

Other creditors includes unpaid pension contributions of £98 (2021: £2,231).

JPS FINANCIAL LTD (REGISTERED NUMBER: 07872227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £    £   
30 Ordinary £1 20 30

During the year the company purchased 10 of its own shares back, leaving 20 ordinary share capital in issue.

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.