Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-312022-08-01falseElectrician in film production22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07717072 2022-08-01 2023-07-31 07717072 2021-08-01 2022-07-31 07717072 2023-07-31 07717072 2022-07-31 07717072 c:Director1 2022-08-01 2023-07-31 07717072 d:PlantMachinery 2022-08-01 2023-07-31 07717072 d:PlantMachinery 2023-07-31 07717072 d:PlantMachinery 2022-07-31 07717072 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07717072 d:MotorVehicles 2022-08-01 2023-07-31 07717072 d:MotorVehicles 2023-07-31 07717072 d:MotorVehicles 2022-07-31 07717072 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07717072 d:FurnitureFittings 2022-08-01 2023-07-31 07717072 d:FurnitureFittings 2023-07-31 07717072 d:FurnitureFittings 2022-07-31 07717072 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07717072 d:OfficeEquipment 2022-08-01 2023-07-31 07717072 d:OfficeEquipment 2023-07-31 07717072 d:OfficeEquipment 2022-07-31 07717072 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07717072 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07717072 d:CurrentFinancialInstruments 2023-07-31 07717072 d:CurrentFinancialInstruments 2022-07-31 07717072 d:Non-currentFinancialInstruments 2023-07-31 07717072 d:Non-currentFinancialInstruments 2022-07-31 07717072 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07717072 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 07717072 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 07717072 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 07717072 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 07717072 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 07717072 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 07717072 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 07717072 d:ShareCapital 2023-07-31 07717072 d:ShareCapital 2022-07-31 07717072 d:RetainedEarningsAccumulatedLosses 2023-07-31 07717072 d:RetainedEarningsAccumulatedLosses 2022-07-31 07717072 c:OrdinaryShareClass1 2022-08-01 2023-07-31 07717072 c:OrdinaryShareClass1 2023-07-31 07717072 c:FRS102 2022-08-01 2023-07-31 07717072 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07717072 c:FullAccounts 2022-08-01 2023-07-31 07717072 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07717072 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 07717072 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 07717072 2 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07717072














JD PRACTICAL LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 JULY 2023

 
JD PRACTICAL LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
JD PRACTICAL LTD
REGISTERED NUMBER:07717072

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,781
5,041

  
3,781
5,041

Current assets
  

Stocks
  
200
200

Debtors: amounts falling due within one year
 5 
4,161
7,695

Cash at bank and in hand
  
67,956
60,382

  
72,317
68,277

Creditors: amounts falling due within one year
 6 
(32,704)
(31,750)

Net current assets
  
 
 
39,613
 
 
36,527

Total assets less current liabilities
  
43,394
41,568

Creditors: amounts falling due after more than one year
 7 
(10,796)
(15,783)

Provisions for liabilities
  

Deferred tax
 9 
(720)
(959)

Net assets
  
31,878
24,826


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
31,778
24,726

  
31,878
24,826


Page 1

 
JD PRACTICAL LTD
REGISTERED NUMBER:07717072
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D White
Director

Date: 8 March 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JD PRACTICAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

JD Practical Ltd is a limited liability company registered in England and Wales. It's registered office address is at 5 Elstree Gate, Elstree Way,Borehamwood,Hertfordshire WD6 1JD.

The principal activity of the company during the year was that of providing electrical services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment

Page 3

 
JD PRACTICAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short term creditors are measured at the transaction price

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
JD PRACTICAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
JD PRACTICAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 August 2022
792
18,642
1,911
6,057
27,402



At 31 July 2023

792
18,642
1,911
6,057
27,402



Depreciation


At 1 August 2022
757
15,324
1,168
5,113
22,362


Charge for the year on owned assets
8
829
186
236
1,259



At 31 July 2023

765
16,153
1,354
5,349
23,621



Net book value



At 31 July 2023
27
2,489
557
708
3,781



At 31 July 2022
35
3,318
744
944
5,041


5.


Debtors

2023
2022
£
£


Trade debtors
4,161
7,695



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,986
4,863

Taxation and social security
24,479
22,474

Other creditors
439
1,813

Accruals and deferred income
2,800
2,600

32,704
31,750


Page 6

 
JD PRACTICAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
10,796
15,783



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,986
4,863

Amounts falling due 1-2 years

Bank loans
5,113
4,986

Amounts falling due 2-5 years

Bank loans
5,685
10,797


15,784
20,646



9.


Deferred taxation




2023


£






At beginning of year
(957)


Charged to profit or loss
239



At end of year
(718)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(718)
(957)

(718)
(957)

Page 7

 
JD PRACTICAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100


Page 8