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REGISTERED NUMBER: 13031093 (England and Wales)















J.S ELECTRICS (JSE) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023






J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.S ELECTRICS (JSE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: J Bradshaw
A Maggs
S C T Watkins





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 13031093 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,798 25,929

CURRENT ASSETS
Stocks 4,456 9,887
Debtors 5 156,258 25,855
Cash at bank 26,976 95,441
187,690 131,183
CREDITORS
Amounts falling due within one year 6 105,208 67,222
NET CURRENT ASSETS 82,482 63,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,280

89,890

CREDITORS
Amounts falling due after more than one
year

7

(9,307

)

(5,000

)

PROVISIONS FOR LIABILITIES (6,302 ) -
NET ASSETS 94,671 84,890

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 94,571 84,790
94,671 84,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)

BALANCE SHEET - continued
30TH NOVEMBER 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th August 2024 and were signed on its behalf by:





J Bradshaw - Director


J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

J.S Electrics (JSE) 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.

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 - 25% on cost
Office Equipment - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery Equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2022 6,559 3,571 28,710 1,361 40,201
Additions 706 - 11,650 819 13,175
At 30th November 2023 7,265 3,571 40,360 2,180 53,376
DEPRECIATION
At 1st December 2022 2,538 1,397 10,177 160 14,272
Charge for year 1,759 893 8,148 506 11,306
At 30th November 2023 4,297 2,290 18,325 666 25,578
NET BOOK VALUE
At 30th November 2023 2,968 1,281 22,035 1,514 27,798
At 30th November 2022 4,021 2,174 18,533 1,201 25,929

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 81,900 17,132
Other debtors 33,377 8,723
J.S Properties 40,250 -
Prepayments 731 -
156,258 25,855

J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,981 2,000
Trade creditors 22,360 10,846
Corporation Tax 38,023 19,531
VAT 221 12,535
Other creditors - 11,180
Directors' current accounts 34,989 10,500
Accrued expenses 4,634 630
105,208 67,222

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,307 5,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Nominal
Number: Class: value: 2023 2022
£    £   
NIL Ordinary £1 - 100
34 Ordinary A £1 34 -
33 Ordinary B £1 33 -
33 Ordinary C £1 33 -
100 100


9. RELATED PARTY DISCLOSURES

As at the year end, £6,865 was owed to the director A Maggs (2022: £173),

As at the year end, £11,777 was owed to the director S C T Watkins (2022: £2,514),

As at the year end, £16,348 was owed to the director J Bradshaw (2022: £7,814).