Company registration number 05100127 (England and Wales)
J DAY ENGINEERING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
J DAY ENGINEERING LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
5,062
18,562
Tangible assets
3
215,247
160,856
Investment properties
4
2,719,266
2,660,769
2,939,575
2,840,187
Current assets
Stocks
291,900
280,400
Debtors
5
172,705
108,315
Cash at bank and in hand
5,344
50,117
469,949
438,832
Creditors: amounts falling due within one year
6
(434,451)
(524,841)
Net current assets/(liabilities)
35,498
(86,009)
Total assets less current liabilities
2,975,073
2,754,178
Creditors: amounts falling due after more than one year
7
(959,173)
(1,021,327)
Provisions for liabilities
(416,316)
(377,323)
Net assets
1,599,584
1,355,528
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
1,599,582
1,355,526
Total equity
1,599,584
1,355,528
J DAY ENGINEERING LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 9 July 2024
Mr James Day
Director
Company Registration No. 05100127
J DAY ENGINEERING LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 3 -
1
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
24
25
2
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
152,500
Amortisation and impairment
At 1 January 2023
133,938
Amortisation charged for the year
13,500
At 31 December 2023
147,438
Carrying amount
At 31 December 2023
5,062
At 31 December 2022
18,562
J DAY ENGINEERING LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 4 -
3
Tangible fixed assets
Plant and machinery
Land and property
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2023
324,810
33,089
34,542
86,865
479,306
Additions
45,480
1,286
60,500
107,266
Disposals
(49,000)
(49,000)
At 31 December 2023
370,290
33,089
35,828
98,365
537,572
Depreciation and impairment
At 1 January 2023
227,989
7,785
16,523
66,153
318,450
Depreciation charged in the year
25,149
625
2,794
12,246
40,814
Eliminated in respect of disposals
(36,939)
(36,939)
At 31 December 2023
253,138
8,410
19,317
41,460
322,325
Carrying amount
At 31 December 2023
117,152
24,679
16,511
56,905
215,247
At 31 December 2022
96,821
25,304
18,019
20,712
160,856
4
Investment property
2023
£
Fair value
At 1 January 2023
2,660,769
Additions
8,342
Revaluations
50,155
At 31 December 2023
2,719,266
The fair value of the investment properties has been arrived at on the basis of a professional valuation carried out on 29 January 2024. The Director believes that the professional valuation report provides the correct value of the properties as at 31 December 2023.
J DAY ENGINEERING LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
82,300
44,877
Corporation tax recoverable
10,402
1,898
Other debtors
80,003
61,540
172,705
108,315
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
113,666
176,167
Trade creditors
140,853
273,808
Corporation tax
63,822
22,471
Other taxation and social security
59,917
41,736
Other creditors
56,193
10,659
434,451
524,841
Bank loans of £99,377 (2022 - £78,342) are secured on land owned by the Director, and fixed and floating charges over assets owned by the Company. Hire purchase liabilities of £13,747 (2022 - nil) are secured on the assets to which they relate.
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
918,344
1,021,327
Other creditors
40,829
959,173
1,021,327
Bank loans of £918,344 (2022 - £1,021,327) are secured on land owned by the Director, and fixed and floating charges over assets owned by the Company. Hire purchase liabilities of £40,829 (2022 - nil) are secured on the assets to which they relate.
Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
520,837
707,958
J DAY ENGINEERING LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 6 -
8
Directors' transactions
Advances or credits have been granted by the company to its director as follows:
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Director's loan
2.25
34,618
61,845
1,062
(36,489)
61,036
34,618
61,845
1,062
(36,489)
61,036