01927833falsemanufacture of electronic controls for the refrigeration industry2022-06-012023-05-31http://www.companieshouse.gov.uk/2022-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-05-31http://www.companieshouse.gov.uk/cd:Director12022-06-012023-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:Director22022-06-012023-05-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-05-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-06-012023-05-31http://www.companieshouse.gov.uk/pt:MotorCars2022-05-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-06-012023-05-31http://www.companieshouse.gov.uk/pt:MotorCars2023-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-06-012023-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-05-31http://www.companieshouse.gov.uk/2022-06-012023-05-31http://www.companieshouse.gov.uk/2022-05-31http://www.companieshouse.gov.uk/cd:FRS1022022-06-012023-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-06-012023-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-06-012023-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 01927833

JTL SYSTEMS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/05/2023

Prepared By:
Eleanor Rice Ltd
13 Buckingham Rod
Newbury
Berkshire
RG14 6DH

JTL SYSTEMS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/05/2023
DIRECTORS
J F Harkness
D L Taylor
SECRETARY
D L Taylor
REGISTERED OFFICE
41 Kingfisher Court
Newbury
Berkshire
RG14 5SJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01927833
ACCOUNTANTS
Eleanor Rice Ltd
13 Buckingham Rod
Newbury
Berkshire
RG14 6DH

JTL SYSTEMS LIMITED

ACCOUNTS
FOR THEYEARENDED31/05/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

JTL SYSTEMS LIMITED

BALANCE SHEET AT 31/05/2023
20232022
Notes££
FIXED ASSETS
Tangible assets368,40788,719
CURRENT ASSETS
Stock898,288664,818
Debtors5298,067463,584
Cash at bank and in hand919,3491,172,220
2,115,7042,300,622
CREDITORS: Amounts falling due within one year6220,624316,773
NET CURRENT ASSETS1,895,0801,983,849
TOTAL ASSETS LESS CURRENT LIABILITIES1,963,4872,072,568
CAPITAL AND RESERVES
Called up share capital7197,000197,000
Profit and loss account1,766,4871,875,568
SHAREHOLDERS' FUNDS1,963,4872,072,568
For the year ending 31/05/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/02/24 and signed on their behalf by
.............................
J F Harkness
Director

JTL SYSTEMS LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 22%
Fixtures and Fittingsreducing balance 22%
Equipmentreducing balance 22%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
2. EMPLOYEES
20232022
No.No.
Average number of employees1921

JTL SYSTEMS LIMITED

3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 01/06/20229,71811,1014,649208,543234,011
At 31/05/20239,71811,1014,649208,543234,011
Depreciation
At 01/06/20227,11210,2793,720124,181145,292
For the year57318020519,35420,312
At 31/05/20237,68510,4593,925143,535165,604
Net Book Amounts
At 31/05/20232,03364272465,00868,407
At 31/05/20222,60682292984,36288,719
4. STOCK 20232022
££
Stock comprises:
Stock855,264569,249
Work in progress43,02495,569
898,288664,818
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors235,665437,760
Other debtors62,92728,239
298,592465,999
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT31,29316,251
Trade creditors28,240141,426
Other creditors146,599132,736
Accruals14,49226,360
220,624316,773

JTL SYSTEMS LIMITED

7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
197000 Ordinary shares of £1 each197000197000
197,000197,000