Company registration number 10010168 (England and Wales)
J & T BUSINESS SERVICES LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
J & T BUSINESS SERVICES LIMITED
COMPANY INFORMATION
Directors
S Neild
J Fawcett
Company number
10010168
Registered office
Capital House
272 Manchester Road
Droylsden
Manchester
M43 6PW
Accountants
Chadwicks
Chartered Accountants
Capital House
272 Manchester Road
Droylsden
Manchester
M43 6PW
Business address
1 Hawthorn Road
Droylsden
Manchester
M43 7HU
J & T BUSINESS SERVICES LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Statement of income and retained earnings
3
Balance sheet
4
Notes to the financial statements
5 - 6
The following pages do not form part of the statutory accounts
Detailed trading and profit and loss account
Appendix 1
J & T BUSINESS SERVICES LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2024.

Principal activities

The principal activity of the company was that of engineering and business services. The company ceased to trade in 2020. All recorded costs relate to the closure costs of the business.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

S Neild
J Fawcett
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
S Neild
Director
16 April 2024
J & T BUSINESS SERVICES LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF J & T BUSINESS SERVICES LIMITED FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J & T Business Services Limited for the year ended 31 March 2024 which comprise the statement of income and retained earnings, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of J & T Business Services Limited, as a body, in accordance with the terms of our engagement letter dated 15 February 2016. Our work has been undertaken solely to prepare for your approval the financial statements of J & T Business Services Limited and state those matters that we have agreed to state to the board of directors of J & T Business Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J & T Business Services Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that J & T Business Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of J & T Business Services Limited. You consider that J & T Business Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J & T Business Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chadwicks
Chartered Accountants
Capital House
272 Manchester Road
Droylsden
Manchester
M43 6PW
16 April 2024
J & T BUSINESS SERVICES LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
2024
2023
Notes
£
£
Turnover
-
-
Administrative expenses
(81)
-
0
Loss before taxation
(81)
-
0
Tax on loss
3
-
0
-
0
Loss for the financial year
(81)
-
0
Retained earnings brought forward
86,641
86,641
Retained earnings carried forward
86,560
86,641
J & T BUSINESS SERVICES LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 4 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,077
1,077
Current assets
Debtors
5
6,694
6,694
Cash at bank and in hand
84,856
84,937
91,550
91,631
Creditors: amounts falling due within one year
6
(5,967)
(5,967)
Net current assets
85,583
85,664
Total assets less current liabilities
86,660
86,741
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
86,560
86,641
Total equity
86,660
86,741

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 16 April 2024 and are signed on its behalf by:
S Neild
Director
Company Registration No. 10010168
J & T BUSINESS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
1
Accounting policies
1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company ceased to trade in 2020. All recorded costs relate to the closure costs of the business.true

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.5
Company information

J & T Business Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Capital House, 272 Manchester Road, Droylsden, Manchester, M43 6PW.

J & T BUSINESS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Taxation
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
590
3,400
3,990
Depreciation and impairment
At 1 April 2023 and 31 March 2024
289
2,624
2,913
Carrying amount
At 31 March 2024
301
776
1,077
At 31 March 2023
301
776
1,077
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
6,694
6,694
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
37
37
Taxation and social security
2,276
2,276
Other creditors
3,654
3,654
5,967
5,967
7
Directors' transactions

Dividends totalling £0 (2023: £0) were paid in the year in respect of shares held by the directors.

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