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REGISTERED NUMBER: 07056095 (England and Wales)










J J Power Limited

Financial Statements

for the Year Ended 30th September 2023






J J Power Limited (Registered number: 07056095)






Contents of the Financial Statements
for the Year Ended 30th September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


J J Power Limited (Registered number: 07056095)

Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 560,927 663,407

CURRENT ASSETS
Stocks 19,449 173,101
Debtors 5 322,518 152,887
Cash at bank 26,564 5,983
368,531 331,971
CREDITORS
Amounts falling due within one year 6 118,388 300,335
NET CURRENT ASSETS 250,143 31,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

811,070

695,043

CREDITORS
Amounts falling due after more than one
year

7

(479,378

)

(545,837

)

PROVISIONS FOR LIABILITIES (102,159 ) (56,844 )
NET ASSETS 229,533 92,362

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 229,433 92,262
SHAREHOLDERS' FUNDS 229,533 92,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

J J Power Limited (Registered number: 07056095)

Balance Sheet - continued
30th September 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 5th April 2024 and were signed on its behalf by:




J F Hart - Director



J A Iles - Director


J J Power Limited (Registered number: 07056095)

Notes to the Financial Statements
for the Year Ended 30th September 2023

1. STATUTORY INFORMATION

J J Power Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07056095

Registered office: 38 Dollar Street
Cirencester
GL7 2AN

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 etc - 25% on reducing balance and 15% on reducing balance

The biogas unit held within plant and machinery is depreciated at 5% straight line.

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

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.

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.

J J Power Limited (Registered number: 07056095)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants are realised in the period to which they relate once all conditions for their receipt have been met.

The grant in respect of the Biogas unit is released to the profit and loss account over its expected useful life of 20 years.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2022 1,554,810
Additions 1,496
Disposals (2,437 )
At 30th September 2023 1,553,869
DEPRECIATION
At 1st October 2022 891,403
Charge for year 103,341
Eliminated on disposal (1,802 )
At 30th September 2023 992,942
NET BOOK VALUE
At 30th September 2023 560,927
At 30th September 2022 663,407

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 308,875 132,607
Other debtors 13,643 20,280
322,518 152,887

J J Power Limited (Registered number: 07056095)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,819 24,478
Trade creditors 58,311 210,461
Taxation and social security 5,914 -
Other creditors 29,344 65,396
118,388 300,335

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 94,365 119,284
Other creditors 385,013 426,553
479,378 545,837

Other creditors include the unamortised balance of a government grant being £125,013 to be amortised after one year and £21,540 within one year. This grant is being written off to the profit and loss account over the estimated useful life of the asset to which it relates.

8. RELATED PARTY DISCLOSURES

H F Hart Limited

Shareholder and company in which director J F Hart is a shareholder.


2023 2022
£    £   
Amount due to related party at the balance sheet date 130,000 140,000

Park Farm Syndicate (Fairford) Limited

Shareholder and company in which director J A Iles is a shareholder.


2023 2022
£    £   
Amount due to related party at the balance sheet date 130,000 140,000

9. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company is equally controlled by the Iles and Hart families.