IRIS Accounts Production v24.2.0.383 05445244 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054452442023-05-31054452442024-05-31054452442023-06-012024-05-31054452442022-05-31054452442022-06-012023-05-31054452442023-05-3105445244ns15:EnglandWales2023-06-012024-05-3105445244ns14:PoundSterling2023-06-012024-05-3105445244ns10:Director12023-06-012024-05-3105445244ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105445244ns10:SmallEntities2023-06-012024-05-3105445244ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105445244ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105445244ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105445244ns10:FullAccounts2023-06-012024-05-3105445244ns10:RegisteredOffice2023-06-012024-05-3105445244ns5:CurrentFinancialInstruments2024-05-3105445244ns5:CurrentFinancialInstruments2023-05-3105445244ns5:ShareCapital2024-05-3105445244ns5:ShareCapital2023-05-3105445244ns5:RetainedEarningsAccumulatedLosses2024-05-3105445244ns5:RetainedEarningsAccumulatedLosses2023-05-3105445244ns5:PlantMachinery2023-06-012024-05-3105445244ns5:FurnitureFittings2023-06-012024-05-3105445244ns5:PlantMachinery2023-05-3105445244ns5:FurnitureFittings2023-05-3105445244ns5:PlantMachinery2024-05-3105445244ns5:FurnitureFittings2024-05-3105445244ns5:PlantMachinery2023-05-3105445244ns5:FurnitureFittings2023-05-3105445244ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3105445244ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31054452441ns10:Director12023-05-31054452441ns10:Director12022-05-31054452441ns10:Director12023-06-012024-05-31054452441ns10:Director12022-06-012023-05-31054452441ns10:Director12024-05-31054452441ns10:Director12023-05-31
REGISTERED NUMBER: 05445244 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

JPH STEELWORKS LIMITED

JPH STEELWORKS LIMITED (REGISTERED NUMBER: 05445244)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JPH STEELWORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr J P Higgs





REGISTERED OFFICE: 19 Saddington Road
Smeeton Westerby
Leicester
LE8 0QS





REGISTERED NUMBER: 05445244 (England and Wales)

JPH STEELWORKS LIMITED (REGISTERED NUMBER: 05445244)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,108 17,478

CURRENT ASSETS
Stocks 219,761 187,680
Debtors 5 366,270 336,148
Cash at bank and in hand 492,309 439,514
1,078,340 963,342
CREDITORS
Amounts falling due within one year 6 202,814 109,566
NET CURRENT ASSETS 875,526 853,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

888,634

871,254

PROVISIONS FOR LIABILITIES 3,239 3,838
NET ASSETS 885,395 867,416

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 885,295 867,316
885,395 867,416

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

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

JPH STEELWORKS LIMITED (REGISTERED NUMBER: 05445244)

BALANCE SHEET - continued
31 MAY 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 29 July 2024 and were signed by:





Mr J P Higgs - Director


JPH STEELWORKS LIMITED (REGISTERED NUMBER: 05445244)

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


1. STATUTORY INFORMATION

Jph Steelworks 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.

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 reducing balance
Fixtures and fittings - 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.

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.

JPH STEELWORKS LIMITED (REGISTERED NUMBER: 05445244)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 94,794 4,365 99,159
DEPRECIATION
At 1 June 2023 79,528 2,153 81,681
Charge for year 3,817 553 4,370
At 31 May 2024 83,345 2,706 86,051
NET BOOK VALUE
At 31 May 2024 11,449 1,659 13,108
At 31 May 2023 15,266 2,212 17,478

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 257,935 243,982
Other debtors 108,335 92,166
366,270 336,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 131,593 65,133
Taxation and social security 62,937 43,170
Other creditors 8,284 1,263
202,814 109,566

JPH STEELWORKS LIMITED (REGISTERED NUMBER: 05445244)

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


7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr J P Higgs
Balance outstanding at start of year 48,542 -
Amounts advanced 135,105 48,542
Amounts repaid (91,695 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 91,952 48,542