JNS BROS LTD.

Company Registration Number:
07298854 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

JNS BROS LTD.

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

JNS BROS LTD.

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 289,000 260,000
Total fixed assets: 289,000 260,000
Current assets
Stocks: 480,310 119,000
Debtors: 4 1,290,564 854,166
Cash at bank and in hand: 555,882 1,674,557
Total current assets: 2,326,756 2,647,723
Creditors: amounts falling due within one year: 5 (370,684) (374,794)
Net current assets (liabilities): 1,956,072 2,272,929
Total assets less current liabilities: 2,245,072 2,532,929
Provision for liabilities: (52,474) (49,035)
Total net assets (liabilities): 2,192,598 2,483,894
Capital and reserves
Called up share capital: 20 20
Profit and loss account: 2,192,578 2,483,874
Shareholders funds: 2,192,598 2,483,894

The notes form part of these financial statements

JNS BROS LTD.

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 October 2023
and signed on behalf of the board by:

Name: J Tangi
Status: Director

The notes form part of these financial statements

JNS BROS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.DepreciationDepreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Plant, machinery and motors -15% reducing balance

Valuation and information policy

StocksStocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

JNS BROS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 7 7

JNS BROS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 542,626
Additions 147,976
Disposals (80,405)
At 30 June 2023 610,197
Depreciation
At 01 July 2022 282,626
Charge for year 50,976
On disposals (12,405)
At 30 June 2023 321,197
Net book value
At 30 June 2023 289,000
At 30 June 2022 260,000

JNS BROS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

JNS BROS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

2023 2022Trade creditors 238169 151693Corporation tax 0 56959Social security 45053 136579Other creditors 87462 29563Total 370684 374794