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
JP Flooring Ltd
Company Information
for the year ended 30 June 2023
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
JP Flooring Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
6,053
8,847
Cash at bank and in hand
13,332
8,653
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)
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
JP Flooring Ltd
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
The accounts are presented in £ sterling.
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
At 30 June 2023
8,863
39,706
48,569
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
At 30 June 2023
313
5,740
6,053
At 30 June 2022
1,194
7,653
8,847
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,408
3,408
Trade creditors
6,955
4,157
Taxes and social security
4,403
4,980
Loans from directors
1,000
1,000
8
Creditors: amounts falling due after more than one year
2023
2022
JP Flooring Ltd
Notes to the Accounts
for the year ended 30 June 2023
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).