Company Registration No. 14180637 (England and Wales)
JPK SOLUTIONS LIMITED
Unaudited accounts
for the period from 17 June 2022 to 30 June 2023
JPK SOLUTIONS LIMITED
Unaudited accounts
Contents
JPK SOLUTIONS LIMITED
Company Information
for the period from 17 June 2022 to 30 June 2023
Company Number
14180637 (England and Wales)
Registered Office
118 HIGH STREET
HILL HOUSE
UXBRIDGE
UB8 1JT
ENGLAND
Accountants
GO4 Accountancy Solutions Ltd
12 Saxon Court
High Street
Iver
Bucks
SL0 9PW
JPK SOLUTIONS LIMITED
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
82,019
Creditors: amounts falling due within one year
(399,123)
Net current liabilities
(929)
Total assets less current liabilities
22,546
Creditors: amounts falling due after more than one year
(17,161)
Provisions for liabilities
Profit and loss account
926
For the period ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 July 2023 and were signed on its behalf by
Piotr Klojzy
Director
Company Registration No. 14180637
JPK SOLUTIONS LIMITED
Notes to the Accounts
for the period from 17 June 2022 to 30 June 2023
JPK SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14180637. The registered office is 118 HIGH STREET, HILL HOUSE, UXBRIDGE, UB8 1JT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can
be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with
the stage of completing of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably
- it is probable that the Company will receive the consideration due under the contract
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the cost incurred and the cost to complete the contract can be measured reliably.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
The accounts are presented in £ sterling.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
JPK SOLUTIONS LIMITED
Notes to the Accounts
for the period from 17 June 2022 to 30 June 2023
The Company operates a defined contribution plan for its employees. A defines contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no
further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered
funds.
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge
attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in
equity is also recognised in other comprehensive income or directly inequity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted
by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance
sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal
of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations,
when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions
available from them and the differences between the fair values of liabilities acquired and the amount that will be assessed for
tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet
date.
Tangible fixed assets and depreciation
Tabgible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their residual value over their estimated useful lives, on a reducing balance basis and on cost.
Depreciation is provided on the following basis:
Motor vehicles 25% on straight line basis
Computer equipment 33% on straight line
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction cost, and are measured subsequently at amortised cost using the effective interest method, less any
impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
JPK SOLUTIONS LIMITED
Notes to the Accounts
for the period from 17 June 2022 to 30 June 2023
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account
relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and
investments in ordinary share.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost
using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if arrangements of a short-term instrument constitute a financing transaction, like the payment of
a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
23,996
3,459
27,455
At 30 June 2023
23,996
3,459
27,455
Charge for the period
3,500
480
3,980
At 30 June 2023
3,500
480
3,980
At 30 June 2023
20,496
2,979
23,475
JPK SOLUTIONS LIMITED
Notes to the Accounts
for the period from 17 June 2022 to 30 June 2023
Amounts falling due within one year
Accrued income and prepayments
21,666
6
Creditors: amounts falling due within one year
2023
Obligations under finance leases and hire purchase contracts
4,681
Taxes and social security
69,032
7
Creditors: amounts falling due after more than one year
2023
Obligations under finance leases and hire purchase contracts
17,161
8
Average number of employees
During the period the average number of employees was 4.