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REGISTERED NUMBER: 03673124 (England and Wales)














Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31st March 2023

for

J & J Design Ltd
Trading as
J&J Fire Engineering

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering






Contents of the Financial Statements
for the year ended 31st March 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15

Reconciliation of Equity 21

Reconciliation of Profit 23


J & J Design Ltd
Trading as J&J Fire Engineering

Company Information
for the year ended 31st March 2023







DIRECTORS: A C Lucas
A C West
D Bailey





SECRETARY: A C Lucas





REGISTERED OFFICE: Ewood Bridge Mill
Ewood Bridge
Rossendale
Lancashire
BB4 6LB





REGISTERED NUMBER: 03673124 (England and Wales)





AUDITORS: Sadofskys
Statutory Auditors
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Strategic Report
for the year ended 31st March 2023

The directors present their strategic report for the year ended 31st March 2023.

REVIEW OF BUSINESS
The key financial highlights are as follows:

Year ended Year ended
31/3/23 31/3/22
£ £
Turnover 20,973,189 11,999,211
Turnover growth 74.8% -
Gross profit 3,475,852 1,938,018
Gross profit margin 16.57% 16.15%
Net profit/(loss) before tax 1,924,464 811,667
Net profit before tax margin 9.18% 6.76%

This 12 month trading period saw us see progressive growth once again, hitting a record turnover of £21m and a growth of 75% on the previous year's turn over.

This exceeded our initial forecast for the year and was not inline with our usual unforced, organic and steady growth.
However, it came as a result of a mixture of the expected growth alongside an exceeded target growth campaign in the warehousing sector, a continued increase in buoyancy in the residential market and a huge and encouraging bounce back for the High Street of retail fit following the pandemic. An external and less expected contributor which has also been significant was the large rate of inflation that occurred in both materials and labour over this period which we believe constitutes to just under 30% growth on average in itself.

The business has be able to grow with relative ease throughout this period and without compromise to quality and delivery, or team morale.

Due to the larger size of projects we have taken on in various sectors, we found efficiencies in overhead and head count on the delivery teams required which has contributed to an increase in profitability.

In terms of future works; we have a very positive, secured forecast ahead of us with visibility on contracts and pipeline heading into 2027 as well as an increasing service and maintenance portfolio. We have an expected forecast for growth again heading into the next 12 months and beyond.

PRINCIPAL RISKS AND UNCERTAINTIES
There is ongoing volatility on costs in both labour and materials in the market but we are hearing and hoping that this is set to plateaux, or even to descend. We are also seeing a shift where labour resource is starting to become more readily available.

At last we are noticed a balance in the stockpiles of suppliers, something that put the industry at significant risk during the Pandemic and continued last year, which is all good news.

We are finding that during this period of extreme inflation, which has been unprecedented in recent history, issues are arising with Long Term, Fixed price contracts. This is contributing not only to difficulties for ourselves but throughout the entire construction trade, some of which are becoming extreme and lead us to believe there will be a very difficult period to navigate through over the next 18 months for all levels of the supply chain.


J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Strategic Report
for the year ended 31st March 2023

FUTURE DEVELOPMENTS
Due to the above we are looking to be as prudent as ever moving forward with limiting turn overs with single sectors, clients and suppliers.

Due diligence and an increased focus on commercial terms will be a priority more so than ever.
This will help us in limiting exposures to any issues with cash flow restrictions, unexpected insolvencies and not being overly reliant on the success of any given market or client.

We are also endeavouring to maintain, as we always have, good reserves and looking to ensure a set up with the best cash flow as we can achieve.

A focus on employees and the environment we provide for them will also be a priority as we continue to look to maintain a high level of quality staff retention which is paramount to any business, but specifically in the life safety trade.

ON BEHALF OF THE BOARD:





A C West - Director


20th November 2023

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Report of the Directors
for the year ended 31st March 2023

The directors present their report with the financial statements of the company for the year ended 31st March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the installation of fire protection systems.

DIVIDENDS
An interim dividend of £2460.72 per share was paid on 31st March 2023. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31st March 2023 will be £ 246,072 .

FUTURE DEVELOPMENTS
These have been provided in the company's strategic report.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1st April 2022 to the date of this report.

The directors shown below were in office at 31st March 2023 but did not hold any interest in the Ordinary shares of £1 each at 1st April 2022 or 31st March 2023.

A C Lucas
A C West
D Bailey

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Report of the Directors
for the year ended 31st March 2023


AUDITORS
The auditors, Sadofskys, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





A C West - Director


20th November 2023

Report of the Independent Auditors to the Members of
J & J Design Ltd

Opinion
We have audited the financial statements of J & J Design Ltd (the 'company') for the year ended 31st March 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31st March 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
J & J Design Ltd


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
J & J Design Ltd


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the design and installation industry;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
J & J Design Ltd


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Alan Brocklehurst ACA (Senior Statutory Auditor)
for and on behalf of Sadofskys
Statutory Auditors
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX

20th November 2023

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Statement of Comprehensive
Income
for the year ended 31st March 2023

2023 2022
Notes £    £   

TURNOVER 20,973,189 11,999,211

Cost of sales 17,497,337 10,061,193
GROSS PROFIT 3,475,852 1,938,018

Administrative expenses 1,551,548 1,126,351
OPERATING PROFIT 4 1,924,304 811,667

Interest receivable and similar income 160 -
PROFIT BEFORE TAXATION 1,924,464 811,667

Tax on profit 5 374,369 160,613
PROFIT FOR THE FINANCIAL YEAR 1,550,095 651,054

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,550,095

651,054

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 133,623 142,473

CURRENT ASSETS
Stocks 8 125,060 581,455
Debtors 9 4,621,065 3,495,168
Cash at bank and in hand 1,711,023 652,607
6,457,148 4,729,230
CREDITORS
Amounts falling due within one year 10 3,097,871 2,682,153
NET CURRENT ASSETS 3,359,277 2,047,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,492,900

2,189,550

PROVISIONS FOR LIABILITIES 12 - 673
NET ASSETS 3,492,900 2,188,877

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 14 3,492,800 2,188,777
SHAREHOLDERS' FUNDS 3,492,900 2,188,877

The financial statements were approved by the Board of Directors and authorised for issue on 20th November 2023 and were signed on its behalf by:




A C West - Director



D Bailey - Director


J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Statement of Changes in Equity
for the year ended 31st March 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1st April 2021 100 1,767,531 1,767,631

Changes in equity
Dividends - (229,808 ) (229,808 )
Total comprehensive income - 651,054 651,054
Balance at 31st March 2022 100 2,188,777 2,188,877

Changes in equity
Dividends - (246,072 ) (246,072 )
Total comprehensive income - 1,550,095 1,550,095
Balance at 31st March 2023 100 3,492,800 3,492,900

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Cash Flow Statement
for the year ended 31st March 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,482,144 618,051
Tax paid (160,330 ) (140,999 )
Net cash from operating activities 1,321,814 477,052

Cash flows from investing activities
Purchase of tangible fixed assets (44,086 ) (43,878 )
Sale of tangible fixed assets 26,600 29,600
Interest received 160 -
Net cash from investing activities (17,326 ) (14,278 )

Cash flows from financing activities
Equity dividends paid (246,072 ) (229,808 )
Net cash from financing activities (246,072 ) (229,808 )

Increase in cash and cash equivalents 1,058,416 232,966
Cash and cash equivalents at beginning of
year

2

652,607

419,641

Cash and cash equivalents at end of year 2 1,711,023 652,607

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Notes to the Cash Flow Statement
for the year ended 31st March 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2023 2022
£    £   
Profit before taxation 1,924,464 811,667
Depreciation charges 38,109 19,987
Profit on disposal of fixed assets (11,773 ) (3,811 )
Finance income (160 ) -
1,950,640 827,843
Decrease in stocks 456,395 73,321
Increase in trade and other debtors (1,125,897 ) (1,462,724 )
Increase in trade and other creditors 201,006 1,179,611
Cash generated from operations 1,482,144 618,051

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st March 2023
31/3/23 1/4/22
£    £   
Cash and cash equivalents 1,711,023 652,607
Year ended 31st March 2022
31/3/22 1/4/21
£    £   
Cash and cash equivalents 652,607 419,641


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/22 Cash flow At 31/3/23
£    £    £   
Net cash
Cash at bank and in hand 652,607 1,058,416 1,711,023
652,607 1,058,416 1,711,023
Total 652,607 1,058,416 1,711,023

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

J & J Design Ltd 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Improvements to property - straight line over 5 years
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 Statement of Comprehensive Income, 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.


J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Notes to the Financial Statements - continued
for the year ended 31st March 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
2023 2022
£    £   
Wages and salaries 2,584,400 2,054,310
Social security costs 24,257 15,055
2,608,657 2,069,365

The average number of employees during the year was as follows:
2023 2022

Site engineers 48 42
Administration and sales 10 10
58 52

2023 2022
£    £   
Directors' remuneration 194,600 137,432

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£    £   
Hire of plant and machinery 584,221 308,983
Other operating leases 37,048 33,868
Depreciation - owned assets 38,109 19,987
Profit on disposal of fixed assets (11,773 ) (3,811 )
Auditors' remuneration 5,500 -

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Notes to the Financial Statements - continued
for the year ended 31st March 2023

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 375,042 160,330

Deferred taxation (673 ) 283
Tax on profit 374,369 160,613

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 1,924,464 811,667
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2022 - 19%)

365,648

154,217

Effects of:
Expenses not deductible for tax purposes 4,360 6,427
Depreciation in excess of capital allowances 6,299 -
Effective change in tax rate (1,938 ) (31 )
Total tax charge 374,369 160,613

6. DIVIDENDS
2023 2022
£    £   
Interim 246,072 229,808

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Notes to the Financial Statements - continued
for the year ended 31st March 2023

7. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st April 2022 110,437 18,752 51,234
Additions 27,247 - 5,182
Disposals - - -
At 31st March 2023 137,684 18,752 56,416
DEPRECIATION
At 1st April 2022 33,619 15,270 35,332
Charge for year 22,087 348 3,479
Eliminated on disposal - - -
At 31st March 2023 55,706 15,618 38,811
NET BOOK VALUE
At 31st March 2023 81,978 3,134 17,605
At 31st March 2022 76,818 3,482 15,902

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st April 2022 146,870 34,503 361,796
Additions - 11,657 44,086
Disposals (53,111 ) - (53,111 )
At 31st March 2023 93,759 46,160 352,771
DEPRECIATION
At 1st April 2022 110,229 24,873 219,323
Charge for year 8,432 3,763 38,109
Eliminated on disposal (38,284 ) - (38,284 )
At 31st March 2023 80,377 28,636 219,148
NET BOOK VALUE
At 31st March 2023 13,382 17,524 133,623
At 31st March 2022 36,641 9,630 142,473

8. STOCKS
2023 2022
£    £   
Stocks 3,674 3,078
Work-in-progress 121,386 578,377
125,060 581,455

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Notes to the Financial Statements - continued
for the year ended 31st March 2023

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,286,712 2,355,697
Amounts owed by group undertakings 1,066,969 917,272
Other debtors 118,751 85,516
Prepayments 148,633 136,683
4,621,065 3,495,168

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,516,118 2,383,130
Taxation 375,042 160,330
Social security and other taxes 143,155 75,859
Other creditors 16,164 20,349
Accrued expenses 47,392 42,485
3,097,871 2,682,153

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 260,727 -
Between one and five years 147,390 -
In more than five years 594,635 -
1,002,752 -

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred taxation - 673

Deferred
tax
£   
Balance at 1st April 2022 673
Utilised during year (673 )
Balance at 31st March 2023 -

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Notes to the Financial Statements - continued
for the year ended 31st March 2023

14. RESERVES
Retained
earnings
£   

At 1st April 2022 2,188,777
Profit for the year 1,550,095
Dividends (246,072 )
At 31st March 2023 3,492,800

15. ULTIMATE PARENT AND CONTROLLING PARTY

The immediate parent company is J & J Design (Holdings) Limited, a company registered in England and Wales (Reg no. 06535817).

J & J Fire Engineering Limited, a company registered in England and Wales, (Reg no. 15053264) is regarded by the directors as being the company's ultimate parent company.

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Reconciliation of Equity
1st April 2021
(Date of Transition to FRS 102)

Effect of
UK transition
GAAP to FRS 102 FRS 102
£    £    £   
FIXED ASSETS
Tangible assets - 144,371 144,371
CURRENT ASSETS
Stocks - 654,776 654,776
Debtors - 2,032,444 2,032,444
Cash at bank and in hand - 419,641 419,641
- 3,106,861 3,106,861
CREDITORS
Amounts falling due within one year - (1,483,211 ) (1,483,211 )
NET CURRENT ASSETS - 1,623,650 1,623,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

1,768,021

1,768,021

PROVISIONS FOR LIABILITIES - (390 ) (390 )
NET ASSETS - 1,767,631 1,767,631
CAPITAL AND RESERVES
Called up share capital - 100 100
Retained earnings - 1,767,531 1,767,531
SHAREHOLDERS' FUNDS - 1,767,631 1,767,631

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Reconciliation of Equity - continued
31st March 2022

Effect of
UK transition
GAAP to FRS 102 FRS 102
£    £    £   
FIXED ASSETS
Tangible assets 144,371 (1,898 ) 142,473
CURRENT ASSETS
Stocks 654,776 (73,321 ) 581,455
Debtors 2,032,444 1,462,724 3,495,168
Cash at bank and in hand 419,641 232,966 652,607
3,106,861 1,622,369 4,729,230
CREDITORS
Amounts falling due within one year (1,483,211 ) (1,198,942 ) (2,682,153 )
NET CURRENT ASSETS 1,623,650 423,427 2,047,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,768,021

421,529

2,189,550

PROVISIONS FOR LIABILITIES (390 ) (283 ) (673 )
NET ASSETS 1,767,631 421,246 2,188,877
CAPITAL AND RESERVES
Called up share capital 100 - 100
Retained earnings 1,767,531 421,246 2,188,777
SHAREHOLDERS' FUNDS 1,767,631 421,246 2,188,877

J & J Design Ltd (Registered number: 03673124)
Trading as J&J Fire Engineering

Reconciliation of Profit
for the year ended 31st March 2022

Effect of
UK transition
GAAP to FRS 102 FRS 102
£    £    £   
TURNOVER 8,988,328 3,010,883 11,999,211

Cost of sales (7,436,313 ) (2,624,880 ) (10,061,193 )
GROSS PROFIT 1,552,015 386,003 1,938,018
Administrative expenses (1,031,443 ) (94,908 ) (1,126,351 )
Other operating income 194,809 (194,809 ) -

OPERATING PROFIT 715,381 96,286 811,667
Interest receivable and similar income 748 (748 ) -
Interest payable and similar expenses (171 ) 171 -
PROFIT BEFORE TAXATION 715,958 95,709 811,667
Tax on profit (136,563 ) (24,050 ) (160,613 )
PROFIT FOR THE FINANCIAL YEAR 579,395 71,659 651,054