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Company Registration No. 07684870 (England and Wales)
JP Flooring Ltd Unaudited accounts for the year ended 30 June 2023
JP Flooring Ltd Unaudited accounts Contents
Page
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JP Flooring Ltd Company Information for the year ended 30 June 2023
Director
Joseph Gratrix
Secretary
Samantha Gratrix
Company Number
07684870 (England and Wales)
Registered Office
5 Ross House Southcote Road Reading Berkshire RG30 2AQ
Accountants
Keste Tax & Accounting Sentinel House Harvest Crescent Fleet Hampshire GU51 2UZ
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JP Flooring Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,053 
8,847 
Current assets
Inventories
2,743 
1,775 
Debtors
1,129 
3,371 
Cash at bank and in hand
13,332 
8,653 
17,204 
13,799 
Creditors: amounts falling due within one year
(21,648)
(18,523)
Net current liabilities
(4,444)
(4,724)
Total assets less current liabilities
1,609 
4,123 
Creditors: amounts falling due after more than one year
(3,925)
(7,126)
Provisions for liabilities
Deferred tax
(1,150)
(1,681)
Net liabilities
(3,466)
(4,684)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(3,467)
(4,685)
Shareholders' funds
(3,466)
(4,684)
For the year 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 1 January 2024 and were signed on its behalf by
Joseph Gratrix Director Company Registration No. 07684870
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JP Flooring Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
JP Flooring Ltd is a private company, limited by shares, registered in England and Wales, registration number 07684870. The registered office is 5 Ross House, Southcote Road, Reading, Berkshire, RG30 2AQ.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% straight line
Motor vehicles
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Presentation currency
The accounts are presented in £ sterling.
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JP Flooring Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
8,717 
39,706 
48,423 
Additions
146 
- 
146 
At 30 June 2023
8,863 
39,706 
48,569 
Depreciation
At 1 July 2022
7,523 
32,053 
39,576 
Charge for the year
1,027 
1,913 
2,940 
At 30 June 2023
8,550 
33,966 
42,516 
Net book value
At 30 June 2023
313 
5,740 
6,053 
At 30 June 2022
1,194 
7,653 
8,847 
5
Inventories
2023 
2022 
£ 
£ 
Raw materials
2,743 
1,775 
2,743 
1,775 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,129 
3,024 
Other debtors
- 
347 
1,129 
3,371 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,408 
3,408 
VAT
2,978 
2,998 
Trade creditors
6,955 
4,157 
Taxes and social security
4,403 
4,980 
Loans from directors
1,000 
1,000 
Accruals
2,904 
1,980 
21,648 
18,523 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,925 
7,126 
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JP Flooring Ltd Notes to the Accounts for the year ended 30 June 2023
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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