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REGISTERED NUMBER: 07161395 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

JPD UK Services Limited

JPD UK Services Limited (Registered number: 07161395)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JPD UK Services Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: P A Deans
J D Deans





REGISTERED OFFICE: Astech Mill
50 Stratford Road
Shipston On Stour
Warwickshire
CV36 4BA





REGISTERED NUMBER: 07161395 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

JPD UK Services Limited (Registered number: 07161395)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,336 21,931

CURRENT ASSETS
Stocks 5 189,159 461,339
Debtors 6 188,179 130,247
Cash at bank and in hand 183,501 286,774
560,839 878,360
CREDITORS
Amounts falling due within one year 7 296,018 620,276
NET CURRENT ASSETS 264,821 258,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,157

280,015

CREDITORS
Amounts falling due after more than one
year

8

(121,608

)

(183,589

)

PROVISIONS FOR LIABILITIES 12 (7,026 ) (3,277 )
NET ASSETS 171,523 93,149

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 171,423 93,049
171,523 93,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 16 November 2023 and were signed on its behalf by:





P A Deans - Director


JPD UK Services Limited (Registered number: 07161395)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

JPD UK Services 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. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off 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 etc - 25% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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.

JPD UK Services Limited (Registered number: 07161395)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 March 2022 103,492 9,186 25,700 138,378
Additions - - 24,995 24,995
At 28 February 2023 103,492 9,186 50,695 163,373
DEPRECIATION
At 1 March 2022 91,469 6,335 18,643 116,447
Charge for year 3,006 571 8,013 11,590
At 28 February 2023 94,475 6,906 26,656 128,037
NET BOOK VALUE
At 28 February 2023 9,017 2,280 24,039 35,336
At 28 February 2022 12,023 2,851 7,057 21,931


5. STOCKS
28.2.23 28.2.22
£    £   
Work-in-progress 189,159 461,339

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 154,220 72,968
Other debtors 1,650 -
VAT 13,703 50,499
Prepayments 18,606 6,780
188,179 130,247

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other loans (see note 9) 62,759 45,514
Hire purchase contracts (see note 10) 5,057 -
Trade creditors 143,702 520,630
Tax 64,543 35,791
Social security and other taxes 14,762 10,534
Other creditors 1,743 1,569
Directors' current accounts 402 3,378
Accrued expenses 3,050 2,860
296,018 620,276

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Other loans (see note 9) 103,908 183,589
Hire purchase contracts (see note 10) 17,700 -
121,608 183,589

JPD UK Services Limited (Registered number: 07161395)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Other loans 62,759 45,514

Amounts falling due between two and five years:
Other loans - 2-5 years 103,908 183,589

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
28.2.23 28.2.22
£    £   
Net obligations repayable:
Within one year 5,057 -
Between one and five years 17,700 -
22,757 -

Non-cancellable operating leases
28.2.23 28.2.22
£    £   
Within one year 48,116 32,232
Between one and five years 108,128 82,657
156,244 114,889

11. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Hire purchase contracts 22,757 -
Other loan 69,091 112,727
91,848 112,727

Lloyds Bank PLC holds charges over all the property or undertaking of the company.
Hire purchase liabilities are secured against the assets to which they relate.

12. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 7,026 3,277

Deferred
tax
£   
Balance at 1 March 2022 3,277
Provided during year 3,749
Balance at 28 February 2023 7,026

JPD UK Services Limited (Registered number: 07161395)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

13. PENSION COMMITMENTS

Pension commitments at the year end totalled £1,743 (2022 - £1,569).