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REGISTERED NUMBER: 03873231 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 July 2023

for

J. P. DEVELOPERS LIMITED

J. P. DEVELOPERS LIMITED (REGISTERED NUMBER: 03873231)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. P. DEVELOPERS LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Matthew Norman Page
Edward Gareth Page





SECRETARY: Edward Gareth Page





REGISTERED OFFICE: County House
Dalton Street
KINGSTON UPON HULL
East Yorkshire
HU8 8BB





REGISTERED NUMBER: 03873231 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE

J. P. DEVELOPERS LIMITED (REGISTERED NUMBER: 03873231)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,671 136,762

CURRENT ASSETS
Stocks 5 455,614 237,788
Debtors 6 456,786 663,257
Cash at bank 917,298 612,355
1,829,698 1,513,400
CREDITORS
Amounts falling due within one year 7 1,280,692 1,013,870
NET CURRENT ASSETS 549,006 499,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

696,677

636,292

CREDITORS
Amounts falling due after more than one
year

8

107,128

113,663
NET ASSETS 589,549 522,629

CAPITAL AND RESERVES
Called up share capital 11 4 4
Retained earnings 589,545 522,625
SHAREHOLDERS' FUNDS 589,549 522,629

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

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

J. P. DEVELOPERS LIMITED (REGISTERED NUMBER: 03873231)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:




Matthew Norman Page - Director



Edward Gareth Page - Director


J. P. DEVELOPERS LIMITED (REGISTERED NUMBER: 03873231)

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

1. STATUTORY INFORMATION

J. P. DEVELOPERS 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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 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.

J. P. DEVELOPERS LIMITED (REGISTERED NUMBER: 03873231)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 40 (2022 - 41 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022 22,271 27,773 636,997 687,041
Additions 883 1,789 58,784 61,456
At 31 July 2023 23,154 29,562 695,781 748,497
DEPRECIATION
At 1 August 2022 16,545 17,583 516,151 550,279
Charge for year 1,990 3,588 44,969 50,547
At 31 July 2023 18,535 21,171 561,120 600,826
NET BOOK VALUE
At 31 July 2023 4,619 8,391 134,661 147,671
At 31 July 2022 5,726 10,190 120,846 136,762

J. P. DEVELOPERS LIMITED (REGISTERED NUMBER: 03873231)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 253,819
Additions 58,784
Transfer to ownership (70,653 )
At 31 July 2023 241,950
DEPRECIATION
At 1 August 2022 132,973
Charge for year 44,969
Transfer to ownership (70,653 )
At 31 July 2023 107,289
NET BOOK VALUE
At 31 July 2023 134,661
At 31 July 2022 120,846

5. STOCKS
2023 2022
£    £   
Materials 14,187 3,691
Work in progress 441,427 234,097
455,614 237,788

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 442,630 651,930
Other debtors 3,126 3,427
Prepayments 11,030 7,900
456,786 663,257

J. P. DEVELOPERS LIMITED (REGISTERED NUMBER: 03873231)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Hire purchase contracts (see note 10) 53,730 44,711
Trade creditors 596,887 460,947
Amounts owed to group undertakings 20,112 19,907
Corporation tax 252,422 192,809
Social security and other taxes 34,412 25,844
VAT 264,490 242,768
Other creditors 10,197 4,514
Accrued expenses 38,442 12,370
1,280,692 1,013,870

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 18,334 28,333
Hire purchase contracts (see note 10) 88,794 85,330
107,128 113,663

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans payable in less
than one year 10,000 10,000
10,000 10,000

Amounts falling due between one and two years:
Bank loans payable in one to two years 10,000 10,000

Amounts falling due between two and five years:
Bank loans payable in two to five years 8,334 18,333

J. P. DEVELOPERS LIMITED (REGISTERED NUMBER: 03873231)

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

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 53,730 44,711
Between one and five years 88,794 85,330
142,524 130,041

Non-cancellable operating leases
2023 2022
£    £   
Within one year 20,500 20,500
Between one and five years 15,375 54,667
35,875 75,167

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4 Ordinary £1 4 4

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Page & Page Group Limited a company registered in England and Wales,company number 05258623.