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REGISTERED NUMBER: 03657174















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

J & J SYSTEMS UK LIMITED

J & J SYSTEMS UK LIMITED (REGISTERED NUMBER: 03657174)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J & J SYSTEMS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J Howard
J Offen
J N Codd





REGISTERED OFFICE: 28 Miners Way
Lakesview International Business Park
Hersden
Canterbury
Kent
CT3 4LQ





REGISTERED NUMBER: 03657174





ACCOUNTANTS: Ackland Webb Ltd
Chartered Certified Accountants
Suite 1, First Floor
3 Jubilee Way
Faversham
Kent
ME13 8GD

J & J SYSTEMS UK LIMITED (REGISTERED NUMBER: 03657174)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 448,731 450,680

CURRENT ASSETS
Stocks 31,200 31,200
Debtors 5 223,156 192,047
Cash at bank 152,654 118,446
407,010 341,693
CREDITORS
Amounts falling due within one year 6 273,754 193,805
NET CURRENT ASSETS 133,256 147,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

581,987

598,568

CREDITORS
Amounts falling due after more than one
year

7

(73,265

)

(83,827

)

PROVISIONS FOR LIABILITIES 10 (13,917 ) (12,619 )
NET ASSETS 494,805 502,122

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 494,795 502,112
SHAREHOLDERS' FUNDS 494,805 502,122

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 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.

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 25 July 2024 and were signed on its behalf by:




J Offen - Director


J & J SYSTEMS UK LIMITED (REGISTERED NUMBER: 03657174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

J & J Systems UK Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Land and buildings - at varying rates on cost
Plant and machinery etc - 33% on cost and 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.

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 18 (2022 - 16 ) .

J & J SYSTEMS UK LIMITED (REGISTERED NUMBER: 03657174)

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 447,646 645,381 1,093,027
Additions 34,195 44,862 79,057
At 31 October 2023 481,841 690,243 1,172,084
DEPRECIATION
At 1 November 2022 99,409 542,938 642,347
Charge for year 24,092 56,914 81,006
At 31 October 2023 123,501 599,852 723,353
NET BOOK VALUE
At 31 October 2023 358,340 90,391 448,731
At 31 October 2022 348,237 102,443 450,680

Included in cost of land and buildings is freehold land of £ 152,500 (2022 - £ 152,500 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 170,109 171,997
Amounts owed by associates 6,712 950
Other debtors 46,335 19,100
223,156 192,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 8) 10,723 10,337
Trade creditors 92,161 34,706
Amounts owed to associates 37,571 56,171
Taxation and social security 85,816 48,664
Other creditors 47,483 43,927
273,754 193,805

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 8) 73,265 83,827

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 26,349 38,618

J & J SYSTEMS UK LIMITED (REGISTERED NUMBER: 03657174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,723 10,337

Amounts falling due between one and two years:
Bank loans - 1-2 years 11,109 10,723

Amounts falling due between two and five years:
Bank loans - 2-5 years 35,807 34,486

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 26,349 38,618

9. SECURED DEBTS

HSBC hold a charge over the freehold property at Unit 6 Maple Leaf, Manston. Kent Council Council hold a charge over the property at Unit 28 Lakesview International Business Park. HSBC hold a charge over the property at Unit 28 Lakesview International Business Park and all other undertakings.

10. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax
Accelerated capital allowances 13,917 12,619

Deferred
tax
£   
Balance at 1 November 2022 12,619
Provided during year 1,298
Balance at 31 October 2023 13,917

11. RELATED PARTY DISCLOSURES

During the year, dividends were paid to the directors amounting to £136,000 (2021: £110,000).