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REGISTERED NUMBER: 10221013 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

JFS WELDERS & ENGINEERING LTD

JFS WELDERS & ENGINEERING LTD (REGISTERED NUMBER: 10221013)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JFS WELDERS & ENGINEERING LTD

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: W Fowler
J E Fowler





REGISTERED OFFICE: Enterprise House
2 Pass Street
Oldham
Manchester
OL9 6HZ





REGISTERED NUMBER: 10221013 (England and Wales)





ACCOUNTANTS: BP & Co Chartered Accountants
Enterprise House
2 Pass Street
Oldham
Lancashire
OL9 6HZ

JFS WELDERS & ENGINEERING LTD (REGISTERED NUMBER: 10221013)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,473 10,406

CURRENT ASSETS
Debtors 5 94,234 99,831
Cash at bank and in hand 11,638 7,509
105,872 107,340
CREDITORS
Amounts falling due within one year 6 (46,368 ) (50,468 )
NET CURRENT ASSETS 59,504 56,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,977

67,278

CREDITORS
Amounts falling due after more than one
year

7

(1

)

(1

)

PROVISIONS FOR LIABILITIES (1,058 ) (1,390 )
NET ASSETS 66,918 65,887

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 66,916 65,885
SHAREHOLDERS' FUNDS 66,918 65,887

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 directors acknowledge their 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.

JFS WELDERS & ENGINEERING LTD (REGISTERED NUMBER: 10221013)

BALANCE SHEET - continued
30 September 2023


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 Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by:





W Fowler - Director


JFS WELDERS & ENGINEERING LTD (REGISTERED NUMBER: 10221013)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

JFS Welders & Engineering Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

JFS WELDERS & ENGINEERING LTD (REGISTERED NUMBER: 10221013)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022
and 30 September 2023 4,450 350 20,050 250 25,100
DEPRECIATION
At 1 October 2022 1,575 224 12,665 230 14,694
Charge for year 431 19 1,477 6 1,933
At 30 September 2023 2,006 243 14,142 236 16,627
NET BOOK VALUE
At 30 September 2023 2,444 107 5,908 14 8,473
At 30 September 2022 2,875 126 7,385 20 10,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 78,161 86,304
Other debtors 16,073 13,527
94,234 99,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 17,742 23,047
Taxation and social security 12,300 11,469
Other creditors 16,326 15,952
46,368 50,468

JFS WELDERS & ENGINEERING LTD (REGISTERED NUMBER: 10221013)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1 1

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 1 1

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2