JSLR Ltd
Data not obtained from trial balance AutoHide is on
Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
Units (eg £ or £000) £ include a trailing space
Company registration number 06628869
Date
Approval date of the accounts by the board 16.11.2023
Date
Date of signing on the audit/accountants report 16.11.2023
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Mr J King
Or, name of secretary
Name of director signing balance sheet Mr J King
Address of registered office:
Address line 1
Address line 2
City or town
County or region
Postcode
Name of senior statutory auditor
Name of auditors/accountants Becketts
Type of firm (eg Chartered Accountants) Chartered Accountants
Address of auditors/accountants
Address line 1 Agincourt House
Address line 2 14 Clytha Park Road
City or town Newport
County or region Gwent
Postcode NP20 4HA
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 6 6
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
06628869
JSLR Ltd
Filleted Accounts
30 June 2023
JSLR Ltd
Registered number: 06628869
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 70,320 60,982
Current assets
Stocks 30,000 13,500
Debtors 4 20,946 24,713
Cash at bank and in hand 10,416 20,790
61,362 59,003
Creditors: amounts falling due within one year 5 (127,089) (130,364)
Net current liabilities (65,727) (71,361)
Net assets/(liabilities) 4,593 (10,379)
Capital and reserves
Called up share capital 99 99
Profit and loss account 4,494 (10,478)
Shareholders' funds 4,593 (10,379)
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.
Mr J King
Director
Approved by the board on 16.11.2023
JSLR Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 114,755 48,218 162,973
Additions 27,637 - 27,637
At 30 June 2023 142,392 48,218 190,610
Depreciation
At 1 July 2022 65,836 36,155 101,991
Charge for the year 15,420 2,879 18,299
At 30 June 2023 81,256 39,034 120,290
Net book value
At 30 June 2023 61,136 9,184 70,320
At 30 June 2022 48,919 12,063 60,982
4 Debtors 2023 2022
£ £
Trade debtors 20,946 24,713
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 33,420 42,193
Obligations under finance lease and hire purchase contracts 20,740 8,419
Trade creditors 18,766 27,983
Taxation and social security costs 15,374 8,430
Other creditors 38,789 43,339
127,089 130,364
6 Other information
JSLR Ltd is a private company limited by shares and incorporated in England. Its registered office is:
JSLR Ltd 06628869 false 2022-07-01 2023-06-30 2023-06-30 VT Final Accounts April 2022 Mr J King No description of principal activity 06628869 2021-07-01 2022-06-30 06628869 core:WithinOneYear 2022-06-30 06628869 core:ShareCapital 2022-06-30 06628869 core:RetainedEarningsAccumulatedLosses 2022-06-30 06628869 2022-07-01 2023-06-30 06628869 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 06628869 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 06628869 bus:Director40 2022-07-01 2023-06-30 06628869 1 2022-07-01 2023-06-30 06628869 2 2022-07-01 2023-06-30 06628869 core:PlantMachinery 2022-07-01 2023-06-30 06628869 core:Vehicles 2022-07-01 2023-06-30 06628869 countries:England 2022-07-01 2023-06-30 06628869 bus:FRS102 2022-07-01 2023-06-30 06628869 bus:FullAccounts 2022-07-01 2023-06-30 06628869 2023-06-30 06628869 core:WithinOneYear 2023-06-30 06628869 core:ShareCapital 2023-06-30 06628869 core:RetainedEarningsAccumulatedLosses 2023-06-30 06628869 core:PlantMachinery 2023-06-30 06628869 core:Vehicles 2023-06-30 06628869 2022-06-30 06628869 core:PlantMachinery 2022-06-30 06628869 core:Vehicles 2022-06-30 iso4217:GBP xbrli:pure