2022-12-01 07831960 2023-11-30 07831960 2022-12-01 2023-11-30 07831960 2022-11-30 07831960 2021-12-01 2022-11-30 07831960 uk-core:WithinOneYear 2022-11-30 07831960 uk-core:WithinOneYear 2023-11-30 07831960 uk-core:AfterOneYear 2022-11-30 07831960 uk-core:AfterOneYear 2023-11-30 07831960 uk-core:ShareCapital 2023-11-30 07831960 uk-core:ShareCapital 2022-11-30 07831960 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 07831960 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 07831960 uk-bus:Director1 2022-12-01 2023-11-30 07831960 uk-core:PlantMachinery 2022-12-01 2023-11-30 07831960 uk-core:ToolsEquipment 2022-12-01 2023-11-30 07831960 uk-core:CommercialMotorVehicles 2022-12-01 2023-11-30 07831960 uk-core:ToolsEquipment 2022-11-30 07831960 uk-core:CommercialMotorVehicles 2022-11-30 07831960 uk-core:PlantMachinery 2022-11-30 07831960 uk-core:PlantMachinery 2023-11-30 07831960 uk-core:CommercialMotorVehicles 2023-11-30 07831960 uk-core:ToolsEquipment 2023-11-30 07831960 uk-core:CostValuation 2022-11-30 07831960 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-11-30 07831960 uk-core:AdditionsToInvestments 2023-11-30 07831960 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2023-11-30 07831960 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-11-30 07831960 uk-core:CostValuation 2023-11-30 07831960 uk-core:Non-currentFinancialInstruments 2023-11-30 07831960 uk-core:Non-currentFinancialInstruments 2022-11-30 07831960 uk-core:WithinOneYear uk-core:Secured 2023-11-30 07831960 uk-core:WithinOneYear uk-core:Secured 2022-11-30 07831960 uk-core:WithinOneYear 2023-11-30 07831960 uk-core:WithinOneYear 2022-11-30 07831960 uk-core:AfterOneYear uk-core:Secured 2023-11-30 07831960 uk-core:AfterOneYear uk-core:Secured 2022-11-30 iso4217:GBP xbrli:pure 07831960 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07831960 uk-bus:FRS102 2022-12-01 2023-11-30 07831960 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 07831960 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
J P Sports Limited
Registered Number:07831960
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2023
J P Sports Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07831960
As at 30 November 2023
J P Sports Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
137,811
227,251
2
Financial assets
32,550
36,050
3
173,861
259,801
Current assets
Inventories
733,475
1,088,837
4
Trade and other receivables
522,244
437,031
5
82,342
Cash and cash equivalents
15,188
1,541,056
1,338,061
Trade and other payables: amounts falling due within one year
(656,463)
(661,992)
6
681,598
879,064
Net current assets
Total assets less current liabilities
1,052,925
941,399
Trade and other payables: amounts falling due after more than one year
(295,535)
(492,401)
7
560,524
Net assets
645,864
Capital and reserves
Called up share capital
11
11
Retained earnings
560,513
645,853
560,524
645,864
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr J P Sims Director
These financial statements were approved and authorised for issue by the Board on 01 May 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2023
J P Sports Limited
Notes to the Financial Statements
Statutory Information
J P Sports Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07831960.
Principal place of business:
Churchgate House
Rectory Lane
Battlesbridge
Essex
SS11 7QR
Registered address:
26A
Mill Road
Burnham-On-Crouch
Essex
CM0 8PZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
25% Straight line
Computer equipment
25% Straight line
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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5
For the year ended 30 November 2023
J P Sports Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 December 2022
563,014
33,532
390,416
139,066
5,000
-
5,000
-
Additions
-
(178,169)
(7,200)
Disposals
(185,369)
At 30 November 2023
131,866
217,247
33,532
382,645
Provision for depreciation and impairment
At 01 December 2022
335,763
17,928
223,144
94,691
Charge for year
76,846
7,006
-
69,840
(167,775)
-
(164,175)
(3,600)
On disposal
At 30 November 2023
244,834
24,934
58,969
160,931
At 30 November 2023
Net book value
(29,065)
158,278
8,598
137,811
At 30 November 2022
44,375
167,272
15,604
227,251
3. Investments held as fixed assets
Other investments
Total
At 01 December 2022
32,550
32,550
Cost
£
£
3,500
3,500
Additions
At 30 November 2023
36,050
36,050
At 30 November 2023
Net book value
36,050
36,050
At 01 December 2022
32,550
32,550
4. Inventories
2022
2023
£
£
Stocks
1,088,837
733,475
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6
For the year ended 30 November 2023
J P Sports Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
129,584
245,292
Amounts owed by group undertakings and participating interests
304,297
273,802
Other debtors
3,150
3,150
522,244
437,031
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
-
10,000
Bank loans and overdraft
121,374
-
Trade creditors
87,143
462,529
Taxation and social security
76,652
92,113
Other creditors
376,823
91,821
661,992
656,463
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
15,635
24,957
Amounts owed to group undertaking and undertaking in which the company has a
participating interest
284,678
249,577
Other creditors
192,088
21,001
492,401
295,535
8. Average number of persons employed
During the year the average number of employees was 0 (2022 : 4)
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