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REGISTERED NUMBER: 04760630 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JENCOL ENGINEERING LIMITED

JENCOL ENGINEERING LIMITED (REGISTERED NUMBER: 04760630)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JENCOL ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P H Jenner





REGISTERED OFFICE: 1 Burrel Road
St Ives
Cambridgeshire
PE27 3LE





REGISTERED NUMBER: 04760630 (England and Wales)





ACCOUNTANTS: TC CH Limited
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

JENCOL ENGINEERING LIMITED (REGISTERED NUMBER: 04760630)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 419,842 440,747

CURRENT ASSETS
Stocks 5 3,850 5,857
Debtors 6 319,437 123,694
Cash at bank 102,204 280,440
425,491 409,991
CREDITORS
Amounts falling due within one year 7 97,592 92,196
NET CURRENT ASSETS 327,899 317,795
TOTAL ASSETS LESS CURRENT LIABILITIES 747,741 758,542

CREDITORS
Amounts falling due after more than one
year

8

-

(85,871

)

PROVISIONS FOR LIABILITIES 10 (23,298 ) (17,586 )
NET ASSETS 724,443 655,085

CAPITAL AND RESERVES
Called up share capital 11 101 101
Retained earnings 12 724,342 654,984
SHAREHOLDERS' FUNDS 724,443 655,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

JENCOL ENGINEERING LIMITED (REGISTERED NUMBER: 04760630)

BALANCE SHEET - continued
31 MARCH 2024


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 25 July 2024 and were signed by:





P H Jenner - Director


JENCOL ENGINEERING LIMITED (REGISTERED NUMBER: 04760630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Jencol Engineering 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.
Freehold property - 10% on reducing balance and 2% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.


JENCOL ENGINEERING LIMITED (REGISTERED NUMBER: 04760630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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.

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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

JENCOL ENGINEERING LIMITED (REGISTERED NUMBER: 04760630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 374,760 279,497 3,150 4,421 661,828
Additions 1,105 6,665 - 784 8,554
At 31 March 2024 375,865 286,162 3,150 5,205 670,382
DEPRECIATION
At 1 April 2023 42,365 173,408 2,590 2,718 221,081
Charge for year 11,784 16,913 140 622 29,459
At 31 March 2024 54,149 190,321 2,730 3,340 250,540
NET BOOK VALUE
At 31 March 2024 321,716 95,841 420 1,865 419,842
At 31 March 2023 332,395 106,089 560 1,703 440,747

5. STOCKS
2024 2023
£    £   
Stocks 3,850 5,857

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,322 119,618
Other debtors 1 1
Directors' current accounts 200,000 -
Prepayments and accrued income 4,114 4,075
319,437 123,694

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) - 4,856
Trade creditors 22,756 44,078
Corporation tax 44,923 24,011
Social security and other taxes 3,422 4,485
Pension 1,030 -
VAT 16,033 8,617
Accrued expenses 9,428 6,149
97,592 92,196

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) - 85,871

JENCOL ENGINEERING LIMITED (REGISTERED NUMBER: 04760630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 4,856

Amounts falling due between one and two years:
Bank loans - 1-2 years - 4,856

Amounts falling due between two and five years:
Bank loans - 2-5 years - 81,015

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 23,298 17,586

Deferred
tax
£   
Balance at 1 April 2023 17,586
Provided during year 5,712
Balance at 31 March 2024 23,298

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Odrinary £1 100 100
1 Ordinary B £1 1 1
101 101

12. RESERVES
Retained
earnings
£   

At 1 April 2023 654,984
Profit for the year 120,741
Dividends (51,383 )
At 31 March 2024 724,342

JENCOL ENGINEERING LIMITED (REGISTERED NUMBER: 04760630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P H Jenner
Balance outstanding at start of year - -
Amounts advanced 200,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 200,000 -

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,383 (2023 - £51,915) were paid to the director .

As at the year end, the director owed the company £200,000. This loan is unsecured, interest free and repayable on demand.

15. ULTIMATE CONTROLLING PARTY

The controlling party is P H Jenner.