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REGISTERED NUMBER: 09296203 (England and Wales)





JCT 29 SELECT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2021 TO 31 MAY 2023






JCT 29 SELECT LIMITED (REGISTERED NUMBER: 09296203)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JCT 29 SELECT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MAY 2023







DIRECTOR: Mr G Marsh





REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH





REGISTERED NUMBER: 09296203 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH

JCT 29 SELECT LIMITED (REGISTERED NUMBER: 09296203)

BALANCE SHEET
31 MAY 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 12,975

CURRENT ASSETS
Stocks - 703,283
Debtors 6 48,471 54,484
Cash at bank 15,055 76,242
63,526 834,009
CREDITORS
Amounts falling due within one year 7 10,843 268,518
NET CURRENT ASSETS 52,683 565,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,683

578,466

CREDITORS
Amounts falling due after more than one
year

8

(15,833

)

(235,000

)

PROVISIONS FOR LIABILITIES - (2,465 )
NET ASSETS 36,850 341,001

CAPITAL AND RESERVES
Called up share capital 10 150 150
Retained earnings 36,700 340,851
SHAREHOLDERS' FUNDS 36,850 341,001

JCT 29 SELECT LIMITED (REGISTERED NUMBER: 09296203)

BALANCE SHEET - continued
31 MAY 2023


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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.

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 director and authorised for issue on 8 November 2023 and were signed by:





Mr G Marsh - Director


JCT 29 SELECT LIMITED (REGISTERED NUMBER: 09296203)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MAY 2023


1. STATUTORY INFORMATION

Jct 29 Select 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates all accounting policies are disclosed in the appropriate note to the financial statements. The Directors consider no further disclosures are considered necessary.

Turnover
Turnover represents the value excluding Value Added Tax of motor vehicles and related accessories provided to customers during the year. In respect of motor vehicles and related accessories provided, all income is taken to profit and loss at the point of the delivery to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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


JCT 29 SELECT LIMITED (REGISTERED NUMBER: 09296203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MAY 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 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.

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.

JCT 29 SELECT LIMITED (REGISTERED NUMBER: 09296203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MAY 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Debtors & creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

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

JCT 29 SELECT LIMITED (REGISTERED NUMBER: 09296203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MAY 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2021 16,766 6,164 23,145 1,143 47,218
Disposals (16,766 ) (6,164 ) (23,145 ) (1,143 ) (47,218 )
At 31 May 2023 - - - - -
DEPRECIATION
At 1 December 2021 9,874 3,475 20,002 892 34,243
Eliminated on disposal (9,874 ) (3,475 ) (20,002 ) (892 ) (34,243 )
At 31 May 2023 - - - - -
NET BOOK VALUE
At 31 May 2023 - - - - -
At 30 November 2021 6,892 2,689 3,143 251 12,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Trade debtors - 51,776
Other debtors 48,471 -
Prepayments and accrued income - 2,708
48,471 54,484

JCT 29 SELECT LIMITED (REGISTERED NUMBER: 09296203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans - 1,593
Trade creditors (1,183 ) 23,325
Corporation tax - 18,407
Social security and other taxes - 1,489
VAT - 39,378
Other creditors - 35,131
Wages control account - 1,481
Directors' current accounts 86 119,507
Accruals and deferred income 1,940 18,207
10,843 268,518

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2021
£    £   
Bank loans - 1-2 years 15,833 20,000
Bank loans - 2-5 years - 15,000
Directors' loan accounts - 200,000
15,833 235,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2021
£    £   
Other loans - 1,593

The finance leases are secured on the assets of what it relates to.

JCT 29 SELECT LIMITED (REGISTERED NUMBER: 09296203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2021 TO 31 MAY 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £    £   
100 Ordinary 1 100 100
50 Ordinary A 1 50 50
150 150

11. RELATED PARTY DISCLOSURES

Key management personnel remuneration in the year totalled £12,804 (2020:£12,856)