JPS Eng Limited SC398685 true 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is Engineering Digita Accounts Production Advanced 6.30.9574.0 true Mr James Surgeoner true SC398685 2022-06-01 2023-05-31 SC398685 2023-05-31 SC398685 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-05-31 SC398685 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC398685 core:ShareCapital 2023-05-31 SC398685 core:CurrentFinancialInstruments 2023-05-31 SC398685 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 SC398685 core:FurnitureFittingsToolsEquipment 2023-05-31 SC398685 core:MotorVehicles 2023-05-31 SC398685 bus:FRS102 2022-06-01 2023-05-31 SC398685 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 SC398685 bus:FullAccounts 2022-06-01 2023-05-31 SC398685 bus:RegisteredOffice 2022-06-01 2023-05-31 SC398685 bus:Director1 2022-06-01 2023-05-31 SC398685 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-06-01 2023-05-31 SC398685 bus:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 SC398685 bus:Consolidated 2022-06-01 2023-05-31 SC398685 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 SC398685 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 SC398685 core:MotorVehicles 2022-06-01 2023-05-31 SC398685 countries:Scotland 2022-06-01 2023-05-31 SC398685 2022-05-31 SC398685 core:FurnitureFittingsToolsEquipment 2022-05-31 SC398685 core:MotorVehicles 2022-05-31 SC398685 2022-05-31 SC398685 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-05-31 SC398685 core:RetainedEarningsAccumulatedLosses 2022-05-31 SC398685 core:ShareCapital 2022-05-31 SC398685 core:CurrentFinancialInstruments 2022-05-31 SC398685 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 SC398685 core:FurnitureFittingsToolsEquipment 2022-05-31 SC398685 core:MotorVehicles 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC398685

JPS Eng Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

JPS Eng Limited

Profit and Loss Account for the Year Ended 31 May 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

JPS Eng Limited

(Registration number: SC398685)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

2,000

2,000

Current assets

 

Cash at bank and in hand

 

3,719

3,719

Creditors: Amounts falling due within one year

6

(46,051)

(46,051)

Net current liabilities

 

(42,332)

(42,332)

Net liabilities

 

(40,332)

(40,332)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(40,333)

(40,333)

Shareholders' deficit

 

(40,332)

(40,332)

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 21 February 2024
 

.........................................
Mr James Surgeoner
Director

 

JPS Eng Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
1 Nissan Building
Cannich
Beauly
Inverness-Shire
IV4 7LT
Scotland

These financial statements were authorised for issue by the director on 21 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, Fittings and Equipment

20% Straight Line

Motor Vehicles

20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

JPS Eng Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

JPS Eng Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

3

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2022

2,153

9,786

11,939

At 31 May 2023

2,153

9,786

11,939

Depreciation

At 1 June 2022

2,153

7,786

9,939

At 31 May 2023

2,153

7,786

9,939

Carrying amount

At 31 May 2023

-

2,000

2,000

At 31 May 2022

-

2,000

2,000

4

Debtors

5

Cash and cash equivalents

2023
£

2022
£

Cash at bank

3,719

3,719

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

17,317

17,317

Amounts due to related parties

28,068

28,067

Social security and other taxes

 

431

431

Other payables

 

(1)

-

Accruals

 

236

236

 

46,051

46,051

7

Share capital

Allotted, called up and fully paid shares

 

JPS Eng Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

 

2023

2022

 

No.

£

No.

£

Ordinary Share Capital of £1 each

1

1

1

1

         

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

17,317

17,317