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REGISTERED NUMBER: 04193879 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

JSS (SOUTH EAST) LIMITED

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JSS (SOUTH EAST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: A C Hancock
JJ Wilmoth





SECRETARY: A C Hancock





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 04193879 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 214,846 195,567
Investments 5 32,186 43,782
247,032 239,349

CURRENT ASSETS
Debtors 6 635,123 619,087
Cash at bank and in hand 128,346 394,852
763,469 1,013,939
CREDITORS
Amounts falling due within one year 7 (537,469 ) (755,212 )
NET CURRENT ASSETS 226,000 258,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,032

498,076

CREDITORS
Amounts falling due after more than one
year

8

(172,317

)

(217,267

)
NET ASSETS 300,715 280,809

CAPITAL AND RESERVES
Called up share capital 11 85 85
Fair value reserve 12 14,616 23,313
Retained earnings 286,014 257,411
SHAREHOLDERS' FUNDS 300,715 280,809

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.

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

BALANCE SHEET - continued
28 FEBRUARY 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 26 November 2023 and were signed on its behalf by:





A C Hancock - Director


JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

JSS (South East) 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 as modified by the revaluation of certain assets.

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.
Freehold property - in accordance with the property
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

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.


JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2022 - 59 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 173,979 33,567 68,195 46,435 322,176
Additions - - 32,700 - 32,700
At 28 February 2023 173,979 33,567 100,895 46,435 354,876
DEPRECIATION
At 1 March 2022 - 24,852 56,499 45,258 126,609
Charge for year - 1,743 11,099 579 13,421
At 28 February 2023 - 26,595 67,598 45,837 140,030
NET BOOK VALUE
At 28 February 2023 173,979 6,972 33,297 598 214,846
At 28 February 2022 173,979 8,715 11,696 1,177 195,567

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 March 2022 43,782
Revaluations (11,596 )
At 28 February 2023 32,186
NET BOOK VALUE
At 28 February 2023 32,186
At 28 February 2022 43,782

Cost or valuation at 28 February 2023 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2017 15,000 40,000 55,000
Valuation in 2018 60,495 (20,000 ) 40,495
Valuation in 2019 (13,490 ) - (13,490 )
Valuation in 2020 (28,636 ) - (28,636 )
Valuation in 2021 16,330 - 16,330
Valuation in 2022 (5,917 ) (20,000 ) (25,917 )
Valuation in 2023 (11,596 ) - (11,596 )
32,186 - 32,186

Unlisted investment
The company holds 20% of the issued share capital of The Plough (Cock Marling) Limited, a company in which Mr A Hancock is also a director.

Listed investment
The company held an investment in Agents Mutual Limited. The investment was transferred to On The Market Plc on 9 February 2018 and is listed on AIM stock exchange.The company holds 47,332 shares and the value of the investment listed on the AIM as at 28 February 2023 is £32,186.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 49,662 40,628
Amounts owed by group undertakings 573,112 571,186
Other debtors 12,349 7,273
635,123 619,087

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 158,528 136,310
Hire purchase contracts (see note 9) - 4,155
Trade creditors 55,690 49,773
Taxation and social security 110,147 256,158
Other creditors 213,104 308,816
537,469 755,212

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 93,333 133,333
Other creditors 78,984 83,934
172,317 217,267

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 4,155

Non-cancellable operating leases
2023 2022
£    £   
Within one year 60,000 60,000
Between one and five years 63,667 60,000
123,667 120,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 133,333 173,333

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
65 Ordinary A Shares £1 65 65
10 Ordinary B Shares £1 10 10
10 Ordinary C shares £1 10 10
85 85

12. RESERVES
Fair
value
reserve
£   
At 1 March 2022 23,313
Investments revalued (8,697 )

At 28 February 2023 14,616