IRIS Accounts Production v23.3.0.418 07483264 director 1.2.22 31.1.23 31.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074832642022-01-31074832642023-01-31074832642022-02-012023-01-31074832642021-01-31074832642021-02-012022-01-31074832642022-01-3107483264ns10:Originalns15:EnglandWales2022-02-012023-01-3107483264ns14:PoundSterlingns10:Original2022-02-012023-01-3107483264ns10:Originalns10:Director12022-02-012023-01-3107483264ns10:Original2022-02-012023-01-3107483264ns10:Original2023-01-3107483264ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3107483264ns10:Originalns10:SmallEntities2022-02-012023-01-3107483264ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3107483264ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3107483264ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3107483264ns10:Originalns10:FullAccounts2022-02-012023-01-3107483264ns10:Originalns10:RegisteredOffice2022-02-012023-01-3107483264ns10:Original2022-01-3107483264ns10:Originalns5:CurrentFinancialInstruments2023-01-3107483264ns10:Originalns5:CurrentFinancialInstruments2022-01-3107483264ns10:Originalns5:Non-currentFinancialInstruments2023-01-3107483264ns10:Originalns5:Non-currentFinancialInstruments2022-01-3107483264ns5:ShareCapitalns10:Original2023-01-3107483264ns5:ShareCapitalns10:Original2022-01-3107483264ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3107483264ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3107483264ns10:Originalns5:LandBuildings2022-02-012023-01-3107483264ns10:Originalns5:PlantMachinery2022-02-012023-01-3107483264ns10:Original2021-02-012022-01-3107483264ns10:Originalns5:LandBuildings2022-01-3107483264ns10:Originalns5:PlantMachinery2022-01-3107483264ns10:Original2022-01-3107483264ns10:Originalns5:LandBuildings2023-01-3107483264ns10:Originalns5:PlantMachinery2023-01-3107483264ns10:Originalns5:LandBuildings2022-01-3107483264ns10:Originalns5:PlantMachinery2022-01-3107483264ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3107483264ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-31
REGISTERED NUMBER: 07483264 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

JRP ELECTRICAL SERVICES LIMITED

JRP ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07483264)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JRP ELECTRICAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr J R Parks





REGISTERED OFFICE: 17 Somers Road
Rugby
Warwickshire
CV22 7DG





REGISTERED NUMBER: 07483264 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

JRP ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07483264)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,555 51,981

CURRENT ASSETS
Stocks 8,950 7,250
Debtors 5 572,657 626,551
Cash at bank 113,817 61,469
695,424 695,270
CREDITORS
Amounts falling due within one year 6 594,019 419,282
NET CURRENT ASSETS 101,405 275,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,960

327,969

CREDITORS
Amounts falling due after more than one
year

7

52,073

33,333
NET ASSETS 114,887 294,636

CAPITAL AND RESERVES
Called up and paid share capital 1,000 1,000
Retained earnings 113,887 293,636
114,887 294,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JRP ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07483264)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 26 October 2023 and were signed by:





Mr J R Parks - Director


JRP ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07483264)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

JRP Electrical Services 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.

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.
Land and buildings - in accordance with the lease
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year 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.


JRP ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07483264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued
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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 19 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 - 128,439 128,439
Additions 10,054 36,908 46,962
At 31 January 2023 10,054 165,347 175,401
DEPRECIATION
At 1 February 2022 - 76,458 76,458
Charge for year 140 33,248 33,388
At 31 January 2023 140 109,706 109,846
NET BOOK VALUE
At 31 January 2023 9,914 55,641 65,555
At 31 January 2022 - 51,981 51,981

JRP ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 07483264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 423,414 376,550
Amounts owed by group undertakings 141,117 -
Amounts owed by associates - 250,001
Other debtors 8,126 -
572,657 626,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,500 2,333
Trade creditors 211,115 186,255
Taxation and social security 104,681 106,426
Other creditors 260,723 114,268
594,019 419,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,333 33,333
Hire purchase contracts 28,740 -
52,073 33,333

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 36,240 2,333

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £8,126 (2022 - £Nil) and repayments during the year were £Nil (2022 - £Nil). At the year end, the amount owing to the company was £8,126 (2022 - £Nil).