Company Registration No. 14102125 (England and Wales)
JJ Custom Creations Ltd
Unaudited accounts
for the period from 11 May 2022 to 31 May 2023
JJ Custom Creations Ltd
Unaudited accounts
Contents
JJ Custom Creations Ltd
Company Information
for the period from 11 May 2022 to 31 May 2023
Directors
Darren Johnson
Matthew Johnson
Company Number
14102125 (England and Wales)
Registered Office
22 Smith House Drive
Brighouse
West Yorkshire
HD6 2JT
ENGLAND
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
JJ Custom Creations Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
2,064
Creditors: amounts falling due within one year
(12,611)
Net current liabilities
(7,530)
Total assets less current liabilities
3,304
Creditors: amounts falling due after more than one year
(92)
Provisions for liabilities
Profit and loss account
2,725
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by
Darren Johnson
Director
Company Registration No. 14102125
JJ Custom Creations Ltd
Notes to the Accounts
for the period from 11 May 2022 to 31 May 2023
JJ Custom Creations Ltd is a private company, limited by shares, registered in England and Wales, registration number 14102125. The registered office is 22 Smith House Drive, Brighouse, West Yorkshire, HD6 2JT, ENGLAND. The principal place of business is Unit 3, Frost Hill Business Park, 3 Rhodes Street, Liversedge, West Yorkshire, WF15 6BG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Computer equipment
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
JJ Custom Creations Ltd
Notes to the Accounts
for the period from 11 May 2022 to 31 May 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
10,740
3,220
13,960
At 31 May 2023
10,740
3,220
13,960
Charge for the period
2,273
853
3,126
At 31 May 2023
2,273
853
3,126
At 31 May 2023
8,467
2,367
10,834
Amounts falling due within one year
Accrued income and prepayments
400
6
Creditors: amounts falling due within one year
2023
Obligations under finance leases and hire purchase contracts
549
Loans from directors
11,259
7
Creditors: amounts falling due after more than one year
2023
Obligations under finance leases and hire purchase contracts
92
Accelerated capital allowances
486
Charged to the profit and loss account
486
Provision at end of period
486
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
JJ Custom Creations Ltd
Notes to the Accounts
for the period from 11 May 2022 to 31 May 2023
10
Transactions with related parties
The company is in receipt of loans amounting to £11,259.00 from members of key management personnel. The loans are payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loans were still outstanding and are presented within creditors: amounts falling due within one year.
11
Average number of employees
During the period the average number of employees was 0.