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REGISTERED NUMBER: 05950471 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

J & R INDUSTRIAL LIMITED

J & R INDUSTRIAL LIMITED (REGISTERED NUMBER: 05950471)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & R INDUSTRIAL LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: A Finney
Mrs A Finney





REGISTERED OFFICE: J1 Metro Business Park
Clough Street
Hanley
Stoke on Trent
ST1 4AF





REGISTERED NUMBER: 05950471 (England and Wales)

J & R INDUSTRIAL LIMITED (REGISTERED NUMBER: 05950471)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 203,662 195,247
203,662 195,247

CURRENT ASSETS
Stocks 238,474 266,142
Debtors 6 355,030 449,623
Cash at bank and in hand 95,744 158,187
689,248 873,952
CREDITORS
Amounts falling due within one year 7 334,102 523,262
NET CURRENT ASSETS 355,146 350,690
TOTAL ASSETS LESS CURRENT LIABILITIES 558,808 545,937

CREDITORS
Amounts falling due after more than one year 8 (68,738 ) (62,260 )

PROVISIONS FOR LIABILITIES (32,193 ) (37,097 )
NET ASSETS 457,877 446,580

CAPITAL AND RESERVES
Called up share capital 2,500 2,500
Retained earnings 455,377 444,080
SHAREHOLDERS' FUNDS 457,877 446,580

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

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

J & R INDUSTRIAL LIMITED (REGISTERED NUMBER: 05950471)

BALANCE SHEET - continued
31 March 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 11 September 2023 and were signed on its behalf by:





A Finney - Director


J & R INDUSTRIAL LIMITED (REGISTERED NUMBER: 05950471)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

J & R Industrial 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

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 & R INDUSTRIAL LIMITED (REGISTERED NUMBER: 05950471)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 70,000
AMORTISATION
At 1 April 2022
and 31 March 2023 70,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

J & R INDUSTRIAL LIMITED (REGISTERED NUMBER: 05950471)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 - 75,368 195,643 18,859 289,870
Additions 45,634 3,957 14,185 - 63,776
At 31 March 2023 45,634 79,325 209,828 18,859 353,646
DEPRECIATION
At 1 April 2022 - 33,046 52,671 8,906 94,623
Charge for year 11,408 6,421 36,039 1,493 55,361
At 31 March 2023 11,408 39,467 88,710 10,399 149,984
NET BOOK VALUE
At 31 March 2023 34,226 39,858 121,118 8,460 203,662
At 31 March 2022 - 42,322 142,972 9,953 195,247

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 146,235
Additions 14,185
At 31 March 2023 160,420
DEPRECIATION
At 1 April 2022 17,919
Charge for year 32,375
At 31 March 2023 50,294
NET BOOK VALUE
At 31 March 2023 110,126
At 31 March 2022 128,316

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 350,529 442,620
Other debtors 4,501 7,003
355,030 449,623

J & R INDUSTRIAL LIMITED (REGISTERED NUMBER: 05950471)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 -
Hire purchase contracts 35,172 22,781
Trade creditors 250,925 420,170
Taxation and social security 30,265 18,566
Other creditors 7,740 61,745
334,102 523,262

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 21,667 -
Hire purchase contracts 47,071 62,260
68,738 62,260