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REGISTERED NUMBER: 09825643 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

J3PSO Ltd

J3PSO Ltd (Registered number: 09825643)






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


J3PSO Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr D S Jepson





REGISTERED OFFICE: Belgrave House
15 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB





REGISTERED NUMBER: 09825643 (England and Wales)





ACCOUNTANTS: Walker & Co
Chartered Accountants
Belgrave House
15 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

J3PSO Ltd (Registered number: 09825643)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 123 164
Tangible assets 5 35,404 42,842
35,527 43,006

CURRENT ASSETS
Debtors 6 104,319 110,953
Cash at bank and in hand 83,897 85,916
188,216 196,869
CREDITORS
Amounts falling due within one year 7 142,934 184,436
NET CURRENT ASSETS 45,282 12,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,809

55,439

CREDITORS
Amounts falling due after more than one
year

8

(43,495

)

(51,495

)

PROVISIONS FOR LIABILITIES (8,053 ) (8,053 )
NET ASSETS/(LIABILITIES) 29,261 (4,109 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 29,161 (4,209 )
SHAREHOLDERS' FUNDS 29,261 (4,109 )

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.

J3PSO Ltd (Registered number: 09825643)

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 31 July 2024 and were signed by:




Mr D S Jepson - Director



Mrs E R Jepson - Director


J3PSO Ltd (Registered number: 09825643)

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

1. STATUTORY INFORMATION

J3PSO Ltd 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.

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.

Private number plates are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

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.

J3PSO Ltd (Registered number: 09825643)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Private
number
plates
£   
COST
At 1 November 2022
and 31 October 2023 500
AMORTISATION
At 1 November 2022 336
Amortisation for year 41
At 31 October 2023 377
NET BOOK VALUE
At 31 October 2023 123
At 31 October 2022 164

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 79,654 27,369 3,052 110,075
DEPRECIATION
At 1 November 2022 44,567 20,071 2,595 67,233
Charge for year 5,263 1,825 350 7,438
At 31 October 2023 49,830 21,896 2,945 74,671
NET BOOK VALUE
At 31 October 2023 29,824 5,473 107 35,404
At 31 October 2022 35,087 7,298 457 42,842

J3PSO Ltd (Registered number: 09825643)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 60,000 66,633
Other debtors 32,500 32,500
Directors' current accounts 489 490
VAT 9,795 9,795
Prepayments 1,535 1,535
104,319 110,953

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 84,548 109,550
Tax 39,115 35,615
Social security and other taxes 14,191 34,191
Other creditors 2,066 2,066
Accrued expenses 3,014 3,014
142,934 184,436

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans - 2-5 years 28,806 38,806
Other loans - 1-2 years 2,000 -
Hire purchase contracts 12,689 12,689
43,495 51,495

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

J3PSO Ltd (Registered number: 09825643)

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

10. RESERVES
Retained
earnings
£   

At 1 November 2022 (4,209 )
Profit for the year 113,370
Dividends (80,000 )
At 31 October 2023 29,161