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REGISTERED NUMBER: 04484383 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

JSL Water Systems Limited

JSL Water Systems Limited (Registered number: 04484383)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JSL Water Systems Limited

Company Information
for the year ended 30 September 2023







DIRECTOR: D J Griffiths



SECRETARY: D J Griffiths



REGISTERED OFFICE: New Park Centre
New Street
Wem
Shropshire
SY4 5AE



REGISTERED NUMBER: 04484383 (England and Wales)



ACCOUNTANTS: Caerwyn Jones
Chartered Accountants
Emstrey House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: National Westminster Bank Plc
8 Mardol Head
Shrewsbury
Shropshire
SY1 1HE

JSL Water Systems Limited (Registered number: 04484383)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,000
Property, plant and equipment 5 761,195 807,465
761,195 810,465

CURRENT ASSETS
Inventories 300,712 244,766
Debtors 6 184,631 224,613
Cash at bank and in hand 257,807 216,453
743,150 685,832
CREDITORS
Amounts falling due within one year 7 247,918 228,662
NET CURRENT ASSETS 495,232 457,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,256,427

1,267,635

CREDITORS
Amounts falling due after more than
one year

8

(89,445

)

(169,105

)

PROVISIONS FOR LIABILITIES (51,554 ) (47,521 )
NET ASSETS 1,115,428 1,051,009

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,115,328 1,050,909
1,115,428 1,051,009

JSL Water Systems Limited (Registered number: 04484383)

Statement of Financial Position - continued
30 September 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2024 and were signed by:





D J Griffiths - Director


JSL Water Systems Limited (Registered number: 04484383)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

JSL Water Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Commercial vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.


JSL Water Systems Limited (Registered number: 04484383)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

JSL Water Systems Limited (Registered number: 04484383)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 15,000
AMORTISATION
At 1 October 2022 12,000
Charge for year 3,000
At 30 September 2023 15,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 3,000

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Commercial
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2022 592,835 380,891 39,756 96,551 1,110,033
Additions - 9,502 966 9,965 20,433
At 30 September 2023 592,835 390,393 40,722 106,516 1,130,466
DEPRECIATION
At 1 October 2022 35,482 216,321 28,840 21,925 302,568
Charge for year 9,765 34,362 2,367 20,209 66,703
At 30 September 2023 45,247 250,683 31,207 42,134 369,271
NET BOOK VALUE
At 30 September 2023 547,588 139,710 9,515 64,382 761,195
At 30 September 2022 557,353 164,570 10,916 74,626 807,465

Included in cost of land and buildings is freehold land of £ 104,588 (2022 - £ 104,588 ) which is not depreciated.

JSL Water Systems Limited (Registered number: 04484383)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 106,708 175,798
Other debtors 77,923 48,815
184,631 224,613

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 8,100
Hire purchase contracts 17,972 27,738
Trade creditors 90,947 90,739
Taxation and social security 102,868 77,284
Other creditors 31,131 24,801
247,918 228,662

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 82,702 144,390
Hire purchase contracts 6,743 24,715
89,445 169,105

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable in more than five
years by instalments

57,702

106,990

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 87,702 152,490

The bank loan is secured by fixed and floating charges over the assets of the company.

JSL Water Systems Limited (Registered number: 04484383)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £36,000 (2022 - £36,000) were paid to the director .

Included in creditors falling due within one year is an amount of £3,592 (2022 - £1,891) due to the director of the company, this amount was repayable on demand. During the year no interest was paid on the balance.