Registered number
10871885
JT FIRE AND ELECTRICAL SOLUTIONS LTD
Filleted Accounts
31 March 2023
JT FIRE AND ELECTRICAL SOLUTIONS LTD
Registered number: 10871885
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 92 115
Current assets
Debtors 4 64,127 29,567
Cash at bank and in hand 5,184 16,264
69,311 45,831
Creditors: amounts falling due within one year 5 (24,363) (15,692)
Net current assets 44,948 30,139
Total assets less current liabilities 45,040 30,254
Creditors: amounts falling due after more than one year 6 (35,165) (29,377)
Net assets 9,875 877
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,775 777
Shareholders' funds 9,875 877
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jigneshkumar Hasmukhbhai Patel
Director
Approved by the board on 16 December 2023
JT FIRE AND ELECTRICAL SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 20% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2022 349
At 31 March 2023 349
Depreciation
At 1 April 2022 234
Charge for the year 23
At 31 March 2023 257
Net book value
At 31 March 2023 92
At 31 March 2022 115
4 Debtors 2023 2022
£ £
Trade debtors 10,350 -
Other debtors 53,777 29,567
64,127 29,567
5 Creditors: amounts falling due within one year 2023 2022
£ £
Net wages - 6,628
Trade creditors 28 -
Corporation tax 11,498 5,054
Social security and other taxes 9,879 (540)
Other creditors 2,958 4,550
24,363 15,692
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,000 24,422
Directors account 16,165 4,955
35,165 29,377
7 Related party transactions
The company was under the control of Mr Jigneshkumar Hasmukhbhai Patel throughout the current year. Mr Jigneshkumar Hasmukhbhai Patel is the managing director.
At the balance sheet date the company owed the directors Mr Jigneshkumar Patel £16166.
8 Other information
JT FIRE AND ELECTRICAL SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
55 Pinner Park Avenue
Harrow
England
HA2 6JY
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