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Company Registration No. 06416531 (England and Wales)
J & A Finishing Services Limited Unaudited accounts for the year ended 30 November 2023
J & A Finishing Services Limited Unaudited accounts Contents
Page
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J & A Finishing Services Limited Company Information for the year ended 30 November 2023
Directors
S Fox J Fox
Company Number
06416531 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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J & A Finishing Services Limited Accountants' report
Accountants' report to the board of directors of J & A Finishing Services Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J & A Finishing Services Limited for the year ended 30 November 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of J & A Finishing Services Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of J & A Finishing Services Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J & A Finishing Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that J & A Finishing Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of J & A Finishing Services Limited. You consider that J & A Finishing Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of J & A Finishing Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 20 January 2024
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J & A Finishing Services Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,445 
41,214 
Current assets
Inventories
3,669 
3,669 
Cash at bank and in hand
22,520 
18,744 
26,189 
22,413 
Creditors: amounts falling due within one year
(43,397)
(50,206)
Net current liabilities
(17,208)
(27,793)
Total assets less current liabilities
14,237 
13,421 
Creditors: amounts falling due after more than one year
(8,139)
(13,223)
Net assets
6,098 
198 
Capital and reserves
Called up share capital
9 
9 
Profit and loss account
6,089 
189 
Shareholders' funds
6,098 
198 
For the year ending 30 November 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 20 January 2024 and were signed on its behalf by
S Fox Director Company Registration No. 06416531
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J & A Finishing Services Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
J & A Finishing Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06416531. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
25% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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J & A Finishing Services Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
2,138 
44,166 
37,496 
83,800 
At 30 November 2023
2,138 
44,166 
37,496 
83,800 
Depreciation
At 1 December 2022
- 
42,586 
- 
42,586 
Charge for the year
- 
395 
9,374 
9,769 
At 30 November 2023
- 
42,981 
9,374 
52,355 
Net book value
At 30 November 2023
2,138 
1,185 
28,122 
31,445 
At 30 November 2022
2,138 
1,580 
37,496 
41,214 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,800 
4,721 
VAT
6,834 
- 
Obligations under finance leases and hire purchase contracts
28,747 
36,246 
Taxes and social security
(2,044)
(2,145)
Loans from directors
5,060 
11,384 
43,397 
50,206 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,139 
13,223 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
7 Ordinary shares of £1 each
7 
7 
1 Ordinary shares A of £1 each
1 
1 
1 Ordinary shares B of £1 each
1 
1 
9 
9 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S Fox
Director loan account
(5,692)
(7,487)
(10,649)
(2,530)
J Fox
Director loan account
(5,692)
(7,487)
(10,649)
(2,530)
(11,384)
(14,974)
(21,298)
(5,060)
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J & A Finishing Services Limited Notes to the Accounts for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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