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REGISTERED NUMBER: 12449850 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2023

for

JSJ Precision Engineering Limited

JSJ Precision Engineering Limited (Registered number: 12449850)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JSJ Precision Engineering Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D T McNaughton
C M Hammond
A Heeps





REGISTERED OFFICE: Milburn Road
Cobridge
Stoke-on-Trent
Staffordshire
ST6 2QF





REGISTERED NUMBER: 12449850 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

JSJ Precision Engineering Limited (Registered number: 12449850)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 43,751 50,001
Tangible assets 5 56,018 66,278
99,769 116,279

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 116,997 111,495
Cash at bank 102,207 78,346
220,204 190,841
CREDITORS
Amounts falling due within one year 7 276,167 179,695
NET CURRENT (LIABILITIES)/ASSETS (55,963 ) 11,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,806

127,425

PROVISIONS FOR LIABILITIES 14,005 16,682
NET ASSETS 29,801 110,743

CAPITAL AND RESERVES
Called up share capital 272 272
Retained earnings 29,529 110,471
29,801 110,743

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

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

JSJ Precision Engineering Limited (Registered number: 12449850)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2024 and were signed on its behalf by:





C M Hammond - Director


JSJ Precision Engineering Limited (Registered number: 12449850)

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

1. STATUTORY INFORMATION

JSJ Precision Engineering 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Income Statement, 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.

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.

JSJ Precision Engineering Limited (Registered number: 12449850)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 62,501
AMORTISATION
At 1 January 2023 12,500
Charge for year 6,250
At 31 December 2023 18,750
NET BOOK VALUE
At 31 December 2023 43,751
At 31 December 2022 50,001

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 92,334
Additions 400
At 31 December 2023 92,734
DEPRECIATION
At 1 January 2023 26,056
Charge for year 10,660
At 31 December 2023 36,716
NET BOOK VALUE
At 31 December 2023 56,018
At 31 December 2022 66,278

JSJ Precision Engineering Limited (Registered number: 12449850)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 114,460 108,304
Other debtors 2,537 3,191
116,997 111,495

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 62,030 53,002
Taxation and social security 78,966 54,243
Other creditors 135,171 72,450
276,167 179,695