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REGISTERED NUMBER: 12023233 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Jennings Power Systems Ltd

Jennings Power Systems Ltd (Registered number: 12023233)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jennings Power Systems Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: P Jennings





REGISTERED OFFICE: 17 Tadcaster Road
Copmanthorpe
York
North Yorkshire
YO23 3UL





REGISTERED NUMBER: 12023233 (England and Wales)





ACCOUNTANTS: Beckingtons
2 Clifton Moor Business
Village
James Nicolson Link
York
North Yorkshire
YO30 4XG

Jennings Power Systems Ltd (Registered number: 12023233)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,634 3,125

CURRENT ASSETS
Debtors 5 36,857 40,830
Cash at bank 49,078 77,596
85,935 118,426
CREDITORS
Amounts falling due within one year 6 32,731 57,212
NET CURRENT ASSETS 53,204 61,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,838

64,339

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 60,738 64,239
SHAREHOLDERS' FUNDS 60,838 64,339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 17 February 2024 and were signed by:





P Jennings - Director


Jennings Power Systems Ltd (Registered number: 12023233)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Jennings Power Systems 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.

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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 - 1,573 4,739 6,312
Additions 7,000 - - 7,000
At 31 May 2023 7,000 1,573 4,739 13,312
DEPRECIATION
At 1 June 2022 - 768 2,419 3,187
Charge for year 1,750 161 580 2,491
At 31 May 2023 1,750 929 2,999 5,678
NET BOOK VALUE
At 31 May 2023 5,250 644 1,740 7,634
At 31 May 2022 - 805 2,320 3,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 25,886 33,336
Other debtors 10,971 7,494
36,857 40,830

Jennings Power Systems Ltd (Registered number: 12023233)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 32,188 30,328
Other creditors 543 26,884
32,731 57,212

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100