Registered number
05585480
JRC Engineering Limited
Filleted Accounts
31 October 2023
JRC Engineering Limited
Registered number: 05585480
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 471 236
Current assets
Debtors 4 85 -
Cash at bank and in hand 22,913 13,559
22,998 13,559
Creditors: amounts falling due within one year 5 (19,162) (11,857)
Net current assets 3,836 1,702
Net assets 4,307 1,938
Capital and reserves
Called up share capital 3 3
Profit and loss account 4,304 1,935
Shareholders' funds 4,307 1,938
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J. Crookes
Director
Approved by the board on 14 November 2023
JRC Engineering Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings over 3 years
Motor vehicles over 5 years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures and fittings Motor vehicles Total
£ £ £
Cost
At 1 November 2022 710 24,000 24,710
Additions 707 - 707
At 31 October 2023 1,417 24,000 25,417
Depreciation
At 1 November 2022 474 24,000 24,474
Charge for the year 472 - 472
At 31 October 2023 946 24,000 24,946
Net book value
At 31 October 2023 471 - 471
At 31 October 2022 236 - 236
4 Debtors 2023 2022
£ £
Trade debtors 85 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,611 1,767
Corporation tax 9,674 7,998
Other taxes and social security costs 320 468
Other creditors 7,557 1,624
19,162 11,857
6 Other information
JRC Engineering Limited is a private company limited by shares and incorporated in England. Its registered office is:
50 Hoyland Road
Hoyland Common
Barnsley
South Yorkshire
S74 0PB
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