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REGISTERED NUMBER: 10144133 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

JP Fabrications(South Yorkshire) Limited

JP Fabrications(South Yorkshire) Limited (Registered number: 10144133)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JP Fabrications(South Yorkshire) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr D J Phillis
Ms L Davey





REGISTERED OFFICE: Unit 2
116 Brampton Road
Wath upon Dearne
Rotherham
South Yorkshire
S63 6AW





REGISTERED NUMBER: 10144133 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

JP Fabrications(South Yorkshire) Limited (Registered number: 10144133)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 98,992 46,831

CURRENT ASSETS
Stocks 420,636 229,155
Debtors 6 183,488 149,560
Cash at bank and in hand 350 11,441
604,474 390,156
CREDITORS
Amounts falling due within one year 7 545,382 342,525
NET CURRENT ASSETS 59,092 47,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,084

94,462

CREDITORS
Amounts falling due after more than one
year

8

(99,801

)

(57,930

)

PROVISIONS FOR LIABILITIES (18,809 ) (8,530 )
NET ASSETS 39,474 28,002

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 39,374 27,902
SHAREHOLDERS' FUNDS 39,474 28,002

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 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.

JP Fabrications(South Yorkshire) Limited (Registered number: 10144133)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by:





Mr D J Phillis - Director


JP Fabrications(South Yorkshire) Limited (Registered number: 10144133)

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

1. STATUTORY INFORMATION

JP Fabrications(South Yorkshire) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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 - 15% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


JP Fabrications(South Yorkshire) Limited (Registered number: 10144133)

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

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 12 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 17,922 2,888 35,424 56,234
Additions - - 60,652 60,652
Disposals - - (1,445 ) (1,445 )
At 31 March 2023 17,922 2,888 94,631 115,441
DEPRECIATION
At 1 April 2022 1,926 1,273 6,204 9,403
Charge for year 2,400 243 5,848 8,491
Eliminated on disposal - - (1,445 ) (1,445 )
At 31 March 2023 4,326 1,516 10,607 16,449
NET BOOK VALUE
At 31 March 2023 13,596 1,372 84,024 98,992
At 31 March 2022 15,996 1,615 29,220 46,831

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 182,056 129,730
Other debtors 1,432 19,830
183,488 149,560

JP Fabrications(South Yorkshire) Limited (Registered number: 10144133)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,749 15,000
Hire purchase contracts 30,654 8,220
Trade creditors 404,295 185,238
Taxation and social security 86,023 128,867
Other creditors 4,661 5,200
545,382 342,525

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 42,369 37,369
Hire purchase contracts 57,432 20,561
99,801 57,930

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr D J Phillis
Balance outstanding at start of year 19,830 54,018
Amounts advanced 120,348 65,541
Amounts repaid (141,400 ) (99,729 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,222 ) 19,830