Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312024-05-022024-05-032023-01-01falseThe principal activity of the company is the distribution and installation of office furniture.76truetrue 06894187 2023-01-01 2023-12-31 06894187 2022-01-01 2022-12-31 06894187 2023-12-31 06894187 2022-12-31 06894187 2022-01-01 06894187 c:Director1 2023-01-01 2023-12-31 06894187 d:MotorVehicles 2023-01-01 2023-12-31 06894187 d:MotorVehicles 2023-12-31 06894187 d:MotorVehicles 2022-12-31 06894187 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06894187 d:CurrentFinancialInstruments 2023-12-31 06894187 d:CurrentFinancialInstruments 2022-12-31 06894187 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06894187 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06894187 d:ShareCapital 2023-12-31 06894187 d:ShareCapital 2022-12-31 06894187 d:RetainedEarningsAccumulatedLosses 2023-12-31 06894187 d:RetainedEarningsAccumulatedLosses 2022-12-31 06894187 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 06894187 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 06894187 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06894187 c:OrdinaryShareClass1 2023-12-31 06894187 c:OrdinaryShareClass1 2022-12-31 06894187 c:FRS102 2023-01-01 2023-12-31 06894187 c:Audited 2023-01-01 2023-12-31 06894187 c:FullAccounts 2023-01-01 2023-12-31 06894187 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06894187 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06894187 2 2023-01-01 2023-12-31 06894187 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06894187









JPS INSTALLS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
JPS INSTALLS LIMITED
REGISTERED NUMBER: 06894187

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Notes
£
£
£
£

FIXED ASSETS
  

Tangible assets
 4 
46,043
66,360

  
46,043
66,360

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
232,038
176,948

Cash at bank and in hand
  
123,696
161,754

  
355,734
338,702

Creditors: amounts falling due within one year
 6 
(233,520)
(189,292)

NET CURRENT ASSETS
  
 
 
122,214
 
 
149,410

TOTAL ASSETS LESS CURRENT LIABILITIES
  
168,257
215,770

PROVISION FOR LIABILITIES
  

Deferred tax
 7 
(11,511)
(16,590)

NET ASSETS
  
156,746
199,180


CAPITAL AND RESERVES
  

Called up share capital 
 8 
10,000
10,000

Profit and loss account
  
146,746
189,180

SHAREHOLDERS' FUNDS
  
156,746
199,180


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 1

 
JPS INSTALLS LIMITED
REGISTERED NUMBER: 06894187
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the Board of Directors and were signed on its behalf by: 




J N Welch
Director

Date: 2 May 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
JPS INSTALLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

JPS Installs Limited (the "Company") is a private company limited by shares and incorporated in England & Wales. Its registered office is Moorfield Road, Duxford, Cambridge, CB22 4PS.
The parent undertaking of the smallest and largest group to consolidate the results of the Company is Welch's Group Holdings Limited, a private company limited by shares and incorporated in England & Wales.  The registered office of Welch's Group Holdings Limited is Moorfield Road, Duxford, Cambridge, CB22 4PS.
The Company's functional and presentational currency is Sterling.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

Whilst the impact of COVID-19 and the war in Europe have fallen away, the UK economy remains in a fragile state. Global supply issues keep re-surfacing and the prices of many goods and services remain elevated. The directors continually monitor this situation, assessing the impact that a period of interrupted trading would bring, planning measures to reduce the Company's cost base if there was a significant reduction in revenues and sourcing alternative suppliers where needed. Accordingly, the Directors continue to adopt the going concern basis of accounting in preparing these financial statements.

 
2.3

TURNOVER

Turnover comprises revenue recognised by the Company in respect of the distribution and installation of office furniture during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised as the fair value of the consideration received or receivable and is recognised once the goods or services have been supplied.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

DEFINED CONTRIBUTION PENSION SCHEME

The Company operates a defined contribution pension scheme for its employees. A defined contribution pension scheme is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds..

Page 3

 
JPS INSTALLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as Other Comprehensive Income or to an item recognised directly in equity is also recognised in Other Comprehensive Income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
3%
monthly reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. 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.

Page 4

 
JPS INSTALLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

CREDITORS

Short-term creditors are measured at the transaction price. 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

The average monthly number of employees, including the Directors, during the year was 7 (2022 - 6).


4.


TANGIBLE FIXED ASSETS





Motor vehicles

£



COST


At 1 January 2023
85,176



At 31 December 2023

85,176



DEPRECIATION


At 1 January 2023
18,816


Charge for the year on owned assets
20,317



At 31 December 2023

39,133



NET BOOK VALUE



At 31 December 2023
46,043



At 31 December 2022
66,360

Page 5

 
JPS INSTALLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


DEBTORS

2023
2022
£
£


Trade debtors
219,989
169,839

Other debtors
4,629
-

Prepayments and accrued income
7,420
7,109

232,038
176,948



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
107,014
92,152

Amounts owed to group undertakings
34,816
56,829

Corporation tax payable
-
12,966

Other taxation and social security
41,514
22,208

Other creditors
4,707
1,348

Accruals and deferred income
45,469
3,789

233,520
189,292


Included within other creditors are amounts due to the defined contribution pension scheme of £1,028 (2022 - £849).


7.


DEFERRED TAXATION




2023
2022


£

£






At beginning of year
16,590
8,378


(Credit)/charge to profit or loss
(5,079)
8,212



AT END OF YEAR
11,511
16,590

Page 6

 
JPS INSTALLS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
7.DEFERRED TAXATION (CONTINUED)

The deferred tax liability comprises of:

2023
2022
£
£


Accelerated capital allowances
11,511
16,590


8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



10,000 (2022 - 10,000) Ordinary shares of £1 each
10,000
10,000



9.


AUDITOR'S INFORMATION

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 3 May 2024 by Adam Smith (Senior Statutory Auditor) on behalf of Peters Elworthy & Moore.

 
Page 7