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REGISTERED NUMBER: 06787770 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

JKL MOULDINGS LIMITED

JKL MOULDINGS LIMITED (REGISTERED NUMBER: 06787770)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

JKL MOULDINGS LIMITED

Company Information
for the Year Ended 31 December 2023







Director: N Brooks





Registered office: St Johns Road
Meadowfield Industrial Estate
Brandon
Co. Durham
DH7 8XQ





Registered number: 06787770 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

JKL MOULDINGS LIMITED (REGISTERED NUMBER: 06787770)

Abridged Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 889,371 798,664
889,371 798,664

Current assets
Stocks 604,790 574,016
Debtors 548,048 642,582
Cash at bank and in hand 73,743 265,359
1,226,581 1,481,957
Creditors
Amounts falling due within one year 1,204,805 1,312,185
Net current assets 21,776 169,772
Total assets less current liabilities 911,147 968,436

Creditors
Amounts falling due after more than one
year

(341,387

)

(398,111

)

Provisions for liabilities (60,676 ) (46,667 )
Net assets 509,084 523,658

Capital and reserves
Called up share capital 100 100
Capital redemption reserve 30 30
Retained earnings 508,954 523,528
Shareholders' funds 509,084 523,658

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 director acknowledges his 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.

JKL MOULDINGS LIMITED (REGISTERED NUMBER: 06787770)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





N Brooks - Director


JKL MOULDINGS LIMITED (REGISTERED NUMBER: 06787770)

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

1. STATUTORY INFORMATION

JKL Mouldings 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 (£).


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.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out and goods sold during the year including amounts not yet invoiced, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance, 10% on cost and Straight line over 15 years
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

JKL MOULDINGS LIMITED (REGISTERED NUMBER: 06787770)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of one year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 50 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 4
AMORTISATION
At 1 January 2023
and 31 December 2023 4
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

JKL MOULDINGS LIMITED (REGISTERED NUMBER: 06787770)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 1,849,284
Additions 174,540
Disposals (16,099 )
Transfer to ownership (189,566 )
At 31 December 2023 1,818,159
DEPRECIATION
At 1 January 2023 1,050,620
Charge for year 83,582
Eliminated on disposal (15,848 )
Transfer to ownership (189,566 )
At 31 December 2023 928,788
NET BOOK VALUE
At 31 December 2023 889,371
At 31 December 2022 798,664

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2023 398,515
Transfer to ownership (61,150 )
At 31 December 2023 337,365
DEPRECIATION
At 1 January 2023 36,702
Charge for year 22,093
Transfer to ownership (519 )
At 31 December 2023 58,276
NET BOOK VALUE
At 31 December 2023 279,089
At 31 December 2022 361,813

JKL MOULDINGS LIMITED (REGISTERED NUMBER: 06787770)

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

6. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Hire purchase contracts 199,290 302,231
Director's loan account 194,854 173,058
394,144 475,289

Hire purchase borrowings are secured on the assets to which they relate.

Neil Brooks' director's loan account is secured against the plant and machinery of the company. It contains a fixed and floating charge.

Accountants' Report to the Director
on the Unaudited Financial Statements of
JKL Mouldings Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JKL Mouldings Limited for the year ended 31 December 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of JKL Mouldings Limited in accordance with the terms of our engagement letter dated 1 August 2022. Our work has been undertaken solely to prepare for your approval the financial statements of JKL Mouldings Limited and state those matters that we have agreed to state to the director of JKL Mouldings Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that JKL Mouldings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JKL Mouldings Limited. You consider that JKL Mouldings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JKL Mouldings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


20 March 2024