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REGISTERED NUMBER: 09901706 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

JJP Services Limited

JJP Services Limited (Registered number: 09901706)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JJP Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M D Prior





REGISTERED OFFICE: Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY





REGISTERED NUMBER: 09901706 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

JJP Services Limited (Registered number: 09901706)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 261,729 245,059

CURRENT ASSETS
Stocks 204,164 253,933
Debtors 5 1,168,104 1,124,187
Cash at bank 37,859 170,153
1,410,127 1,548,273
CREDITORS
Amounts falling due within one year 6 592,338 1,008,114
NET CURRENT ASSETS 817,789 540,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,079,518

785,218

CREDITORS
Amounts falling due after more than one
year

7

(267,716

)

(313,470

)

PROVISIONS FOR LIABILITIES (49,729 ) (46,468 )
NET ASSETS 762,073 425,280

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 762,071 425,278
SHAREHOLDERS' FUNDS 762,073 425,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

JJP Services Limited (Registered number: 09901706)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





M D Prior - Director


JJP Services Limited (Registered number: 09901706)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

JJP Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

JJP Services Limited (Registered number: 09901706)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 307,085
Additions 92,557
Disposals (30,000 )
At 31 December 2023 369,642
DEPRECIATION
At 1 January 2023 62,026
Charge for year 57,070
Eliminated on disposal (11,183 )
At 31 December 2023 107,913
NET BOOK VALUE
At 31 December 2023 261,729
At 31 December 2022 245,059

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 275,062
Additions 83,727
Disposals (30,000 )
At 31 December 2023 328,789
DEPRECIATION
At 1 January 2023 50,513
Charge for year 51,117
Eliminated on disposal (11,183 )
At 31 December 2023 90,447
NET BOOK VALUE
At 31 December 2023 238,342
At 31 December 2022 224,549

JJP Services Limited (Registered number: 09901706)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 455,075 1,003,578
Other debtors 713,029 120,609
1,168,104 1,124,187

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 65,920 44,354
Hire purchase contracts 69,601 57,632
Trade creditors 206,933 780,300
Taxation and social security 85,008 63,725
Other creditors 164,876 62,103
592,338 1,008,114

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 13,407 21,621
Hire purchase contracts 158,094 168,220
Other creditors 96,215 123,629
267,716 313,470

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal - 13,973

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Other loans 123,629 151,043
Hire purchase contracts 227,695 225,852
351,324 376,895

Included in 'Other loans' is a loan from DBW Investments (3) Limited which is secured by a fixed and floating charge over the company's assets.