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REGISTERED NUMBER: 01369676 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Juraise (Springs) Limited

Juraise (Springs) Limited (Registered number: 01369676)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Juraise (Springs) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A C W Amess
K F Amess
K M Amess





SECRETARY: K F Amess





REGISTERED OFFICE: Juraise Springs Sugarbrook Mill
Buntsford Hill
Stoke Pound
Bromsgrove
Worcestershire
B60 3AR





REGISTERED NUMBER: 01369676 (England and Wales)





ACCOUNTANTS: Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL

Juraise (Springs) Limited (Registered number: 01369676)

Abridged Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,000 28,000
Tangible assets 5 310,294 338,863
334,294 366,863

CURRENT ASSETS
Stocks 15,307 12,118
Debtors 235,595 253,762
Cash at bank and in hand 520,519 493,440
771,421 759,320
CREDITORS
Amounts falling due within one year 286,300 260,783
NET CURRENT ASSETS 485,121 498,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

819,415

865,400

PROVISIONS FOR LIABILITIES 39,389 46,125
NET ASSETS 780,026 819,275

CAPITAL AND RESERVES
Called up share capital 1,099 1,099
Retained earnings 778,927 818,176
SHAREHOLDERS' FUNDS 780,026 819,275

Juraise (Springs) Limited (Registered number: 01369676)

Abridged Balance Sheet - continued
30 June 2023


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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 October 2023 and were signed on its behalf by:





A C W Amess - Director


Juraise (Springs) Limited (Registered number: 01369676)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Juraise (Springs) 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 springs, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, 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.
Freehold property - not provided
Improvements to property - 10% on reducing balance
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% 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.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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.


Juraise (Springs) Limited (Registered number: 01369676)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

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.

Operating leases
The relevant annual rentals are charged to the profit and loss on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 40,000
AMORTISATION
At 1 July 2022 12,000
Amortisation for year 4,000
At 30 June 2023 16,000
NET BOOK VALUE

At 30 June 2023 24,000
At 30 June 2022 28,000

Juraise (Springs) Limited (Registered number: 01369676)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 1,169,903
Additions 10,980
At 30 June 2023 1,180,883
DEPRECIATION
At 1 July 2022 831,040
Charge for year 39,549
At 30 June 2023 870,589
NET BOOK VALUE
At 30 June 2023 310,294
At 30 June 2022 338,863

Included in cost of land and buildings is freehold land of £ 42,829 (2022 - £ 42,829 ) which is not depreciated.

The remaining property held by the company has been previously transferred to the company pension scheme. Due to pension scheme rules, the freehold land could not be transferred in this way.


6. CONTINGENT LIABILITIES

There were no material contingent liabilities at the year end.


7. POST BALANCE SHEET EVENTS

There were no material post balance sheet events.


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Juraise (Springs) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Juraise (Springs) Limited for the year ended 30 June 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Juraise (Springs) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Juraise (Springs) Limited and state those matters that we have agreed to state to the Board of Directors of Juraise (Springs) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Juraise (Springs) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Juraise (Springs) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Juraise (Springs) Limited. You consider that Juraise (Springs) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Juraise (Springs) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Kenneth Morris Limited
1 Aston Court
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3AL


25 October 2023