Registered Number:07831960 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
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
J P Sports Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
137,811
227,251
2
32,550
36,050
3
173,861
259,801
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
11
11
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. |
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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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
26A
Mill Road
Burnham-On-Crouch
Essex
CM0 8PZ
The presentation currency is £ sterling. |
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
Computer equipment
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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For the year ended 30 November 2023
J P Sports Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
563,014
33,532
390,416
139,066
5,000
-
5,000
-
-
(178,169)
(7,200)
(185,369)
131,866
217,247
33,532
382,645
Provision for depreciation and impairment |
335,763
17,928
223,144
94,691
Charge for year
76,846
7,006
-
69,840
(167,775)
-
(164,175)
(3,600)
244,834
24,934
58,969
160,931
(29,065)
158,278
8,598
137,811
44,375
167,272
15,604
227,251
3. Investments held as fixed assets |
Other investments
32,550
32,550
3,500
3,500
36,050
36,050
36,050
36,050
32,550
32,550
2022
2023
1,088,837
733,475
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For the year ended 30 November 2023
J P Sports Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
129,584
245,292
Amounts owed by group undertakings and participating interests |
304,297
273,802
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
121,374
-
87,143
462,529
Taxation and social security |
76,652
92,113
376,823
91,821
661,992
656,463
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
15,635
24,957
Amounts owed to group undertaking and undertaking in which the company has a |
participating interest |
284,678
249,577
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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