IRIS Accounts Production v24.1.9.2 01669967 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016699672022-10-31016699672023-10-31016699672022-11-012023-10-31016699672021-10-31016699672021-11-012022-10-31016699672022-10-3101669967ns15:EnglandWales2022-11-012023-10-3101669967ns14:PoundSterling2022-11-012023-10-3101669967ns10:Director12022-11-012023-10-3101669967ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3101669967ns10:SmallEntities2022-11-012023-10-3101669967ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3101669967ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3101669967ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3101669967ns10:FullAccounts2022-11-012023-10-3101669967ns10:RegisteredOffice2022-11-012023-10-3101669967ns5:CurrentFinancialInstruments2023-10-3101669967ns5:CurrentFinancialInstruments2022-10-3101669967ns5:Non-currentFinancialInstruments2023-10-3101669967ns5:Non-currentFinancialInstruments2022-10-3101669967ns5:ShareCapital2023-10-3101669967ns5:ShareCapital2022-10-3101669967ns5:CapitalRedemptionReserve2023-10-3101669967ns5:CapitalRedemptionReserve2022-10-3101669967ns5:RetainedEarningsAccumulatedLosses2023-10-3101669967ns5:RetainedEarningsAccumulatedLosses2022-10-3101669967ns5:LandBuildings2022-10-3101669967ns5:PlantMachinery2022-10-3101669967ns5:LandBuildings2022-11-012023-10-3101669967ns5:PlantMachinery2022-11-012023-10-3101669967ns5:LandBuildings2023-10-3101669967ns5:PlantMachinery2023-10-3101669967ns5:LandBuildings2022-10-3101669967ns5:PlantMachinery2022-10-3101669967ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3101669967ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 01669967 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 October 2023

for

J & J ENGINEERING (WALSALL) LIMITED

J & J ENGINEERING (WALSALL) LIMITED (REGISTERED NUMBER: 01669967)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & J ENGINEERING (WALSALL) LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: J Woodall





REGISTERED OFFICE: Fryers Road
Walsall
West Midlands
WS2 7LZ





REGISTERED NUMBER: 01669967 (England and Wales)





ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU

J & J ENGINEERING (WALSALL) LIMITED (REGISTERED NUMBER: 01669967)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,009 102,668

CURRENT ASSETS
Stocks 37,536 33,917
Debtors 5 289,898 246,520
Cash at bank 100,467 113,377
427,901 393,814
CREDITORS
Amounts falling due within one year 6 126,849 92,804
NET CURRENT ASSETS 301,052 301,010
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,061

403,678

CREDITORS
Amounts falling due after more than one
year

7

20,000

30,000
NET ASSETS 401,061 373,678

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 400,961 373,578
401,061 373,678

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

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

J & J ENGINEERING (WALSALL) LIMITED (REGISTERED NUMBER: 01669967)

Balance Sheet - continued
31 October 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 director and authorised for issue on 5 June 2024 and were signed by:





J Woodall - Director


J & J ENGINEERING (WALSALL) LIMITED (REGISTERED NUMBER: 01669967)

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

1. STATUTORY INFORMATION

J & J Engineering (Walsall) 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.

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.

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 10 (2022 - 10 ) .

J & J ENGINEERING (WALSALL) LIMITED (REGISTERED NUMBER: 01669967)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 185,713 500,080 685,793
Additions - 29,088 29,088
Disposals - 1,000 1,000
At 31 October 2023 185,713 530,168 715,881
DEPRECIATION
At 1 November 2022 99,770 483,355 583,125
Charge for year 3,714 12,593 16,307
Eliminated on disposal - (3,560 ) (3,560 )
At 31 October 2023 103,484 492,388 595,872
NET BOOK VALUE
At 31 October 2023 82,229 37,780 120,009
At 31 October 2022 85,943 16,725 102,668

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 158,445 115,488
Other debtors 131,453 131,032
289,898 246,520

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 89,544 51,775
Taxation and social security 21,329 24,726
Other creditors 5,976 6,303
126,849 92,804

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,000 30,000