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Company Registration No. 9935496 (England and Wales)
JLR Metalworks Limited Unaudited accounts for the year ended 31 January 2024
JLR Metalworks Limited Unaudited accounts Contents
Page
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JLR Metalworks Limited Company Information for the year ended 31 January 2024
Director
J D Rushton
Secretary
Mrs L J Rushton
Company Number
9935496 (England and Wales)
Registered Office
Mount Pleasant Farm Bungalow Common Lane Caverswall Staffordshire ST11 9EU
Accountants
Thursfields Accountancy Limited Business Lodge, Trent House 234 Victoria Road Stoke-on-Trent Staffordshire ST4 2LW
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JLR Metalworks Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,397 
18,620 
Current assets
Inventories
32,044 
14,779 
Debtors
63,797 
39,504 
Cash at bank and in hand
110,410 
115,920 
206,251 
170,203 
Creditors: amounts falling due within one year
(53,400)
(39,615)
Net current assets
152,851 
130,588 
Total assets less current liabilities
169,248 
149,208 
Provisions for liabilities
Deferred tax
(3,408)
(3,538)
Net assets
165,840 
145,670 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
165,740 
145,570 
Shareholders' funds
165,840 
145,670 
For the year ending 31 January 2024 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 13 March 2024 and were signed on its behalf by
J D Rushton Director Company Registration No. 9935496
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JLR Metalworks Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
JLR Metalworks Limited is a private company, limited by shares, registered in England and Wales, registration number 9935496. The registered office is Mount Pleasant Farm Bungalow, Common Lane, Caverswall, Staffordshire, ST11 9EU. The principal place of business is Precision Studios, King Street, Stoke on Trent, Staffordshire, ST4 3DB.
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
20% Reducing balance
Computer equipment
33% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life. Goodwill is being written off in full over a period of 5 years.
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.
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JLR Metalworks Limited Notes to the Accounts for the year ended 31 January 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 February 2023
11,100 
At 31 January 2024
11,100 
Amortisation
At 1 February 2023
11,100 
At 31 January 2024
11,100 
Net book value
At 31 January 2024
- 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
39,015 
Additions
1,716 
At 31 January 2024
40,731 
Depreciation
At 1 February 2023
20,395 
Charge for the year
3,939 
At 31 January 2024
24,334 
Net book value
At 31 January 2024
16,397 
At 31 January 2023
18,620 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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JLR Metalworks Limited Notes to the Accounts for the year ended 31 January 2024
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
J D Rushton
0% interest due on demand loan
- 
6,383 
- 
6,383 
- 
6,383 
- 
6,383 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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