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REGISTERED NUMBER: 13918047 (England and Wales)















Unaudited Financial Statements

for the Period 15 February 2022 to 31 March 2023

for

Jp Metalworks Ltd

Jp Metalworks Ltd (Registered number: 13918047)






Contents of the Financial Statements
for the Period 15 February 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jp Metalworks Ltd

Company Information
for the Period 15 February 2022 to 31 March 2023







DIRECTORS: J Castello
P Vincent





REGISTERED OFFICE: Unit 5 Farthing Road Industrial Estate
Ipswich
Suffolk
IP1 5AP





REGISTERED NUMBER: 13918047 (England and Wales)





ACCOUNTANTS: Suffolk Tax Accountants Group
9 Byford Court
Crockatt Road
Hadleigh
Ipswich
Suffolk
IP7 6RD

Jp Metalworks Ltd (Registered number: 13918047)

Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 90,000
Tangible assets 5 13,729
103,729

CURRENT ASSETS
Stocks 3,000
Debtors 6 90,821
Cash at bank 112,607
206,428
CREDITORS
Amounts falling due within one year 7 170,748
NET CURRENT ASSETS 35,680
TOTAL ASSETS LESS CURRENT LIABILITIES 139,409

PROVISIONS FOR LIABILITIES 8 2,608
NET ASSETS 136,801

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 136,701
SHAREHOLDERS' FUNDS 136,801

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

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

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 13 November 2023 and were signed on its behalf by:





P Vincent - Director


Jp Metalworks Ltd (Registered number: 13918047)

Notes to the Financial Statements
for the Period 15 February 2022 to 31 March 2023

1. STATUTORY INFORMATION

Jp Metalworks 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.

Turnover
Turnover represents the fair value of services provided during the period on client assignments. Turnover is recognised as contract activity progresses and the right to consideration is earned. Turnover excludes value added tax. Unbilled turnover on individual client assignments is included as accrued income within debtors. Where individual on account billings exceed revenue recognised on client assignments, the excess is classified as deferred income within creditors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and straight line over 25 years

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

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.

Jp Metalworks Ltd (Registered number: 13918047)

Notes to the Financial Statements - continued
for the Period 15 February 2022 to 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 100,000
At 31 March 2023 100,000
AMORTISATION
Charge for period 10,000
At 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 90,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 17,151
At 31 March 2023 17,151
DEPRECIATION
Charge for period 3,422
At 31 March 2023 3,422
NET BOOK VALUE
At 31 March 2023 13,729

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 72,744
Other debtors 18,077
90,821

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 32,013
Taxation and social security 47,082
Other creditors 91,653
170,748

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Accelerated capital allowances 2,608

Jp Metalworks Ltd (Registered number: 13918047)

Notes to the Financial Statements - continued
for the Period 15 February 2022 to 31 March 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Income Statement during period 2,608
Balance at 31 March 2023 2,608

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary share capital 1 100