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REGISTERED NUMBER: 07079065 (England and Wales)















Jch Marine & Offshore Supplies Ltd

Unaudited Financial Statements for the Year Ended 30 November 2023






Jch Marine & Offshore Supplies Ltd (Registered number: 07079065)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jch Marine & Offshore Supplies Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J Hynes
D J Bond





REGISTERED OFFICE: JCH House
Highgate Trade Park
Charles Clowes Drive
Stoke-on-Trent
Staffordshire
ST6 4JZ





REGISTERED NUMBER: 07079065 (England and Wales)





ACCOUNTANTS: Marshall Accountancy Ltd
St Mary's House
Crewe Road
Alsager
Stoke-On-Trent
ST7 2EW

Jch Marine & Offshore Supplies Ltd (Registered number: 07079065)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,000 2,000
Tangible assets 5 186,657 193,319
187,657 195,319

CURRENT ASSETS
Stocks 935,822 1,151,541
Debtors 6 3,282,477 2,914,084
Cash at bank and in hand 603,520 458,219
4,821,819 4,523,844
CREDITORS
Amounts falling due within one year 7 (3,970,707 ) (3,595,590 )
NET CURRENT ASSETS 851,112 928,254
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,038,769

1,123,573

CREDITORS
Amounts falling due after more than one
year

8

(93,118

)

(67,110

)

PROVISIONS FOR LIABILITIES (35,750 ) (27,207 )
NET ASSETS 909,901 1,029,256

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 909,801 1,029,156
SHAREHOLDERS' FUNDS 909,901 1,029,256

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

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 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.

Jch Marine & Offshore Supplies Ltd (Registered number: 07079065)

Balance Sheet - continued
30 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 30 August 2024 and were signed on its behalf by:





J Hynes - Director


Jch Marine & Offshore Supplies Ltd (Registered number: 07079065)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Jch Marine & Offshore Supplies 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Improvements to property - not provided
Fixtures, fittings & equipment - 15% on cost
Motor vehicles - 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 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.

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.

Jch Marine & Offshore Supplies Ltd (Registered number: 07079065)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

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 26 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 10,000
AMORTISATION
At 1 December 2022 8,000
Charge for year 1,000
At 30 November 2023 9,000
NET BOOK VALUE
At 30 November 2023 1,000
At 30 November 2022 2,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures,
Land and to fittings Motor
buildings property & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 8,860 878 219,971 149,912 379,621
Additions - - 2,499 116,044 118,543
Disposals - - (8,015 ) (81,292 ) (89,307 )
At 30 November 2023 8,860 878 214,455 184,664 408,857
DEPRECIATION
At 1 December 2022 - - 138,381 47,921 186,302
Charge for year - - 28,048 54,509 82,557
Eliminated on disposal - - (6,754 ) (39,905 ) (46,659 )
At 30 November 2023 - - 159,675 62,525 222,200
NET BOOK VALUE
At 30 November 2023 8,860 878 54,780 122,139 186,657
At 30 November 2022 8,860 878 81,590 101,991 193,319

Jch Marine & Offshore Supplies Ltd (Registered number: 07079065)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,447,847 2,103,260
Amounts owed by group undertakings 460,818 499,318
Other debtors 373,812 311,506
3,282,477 2,914,084

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 32,400 33,308
Trade creditors 1,601,632 1,939,830
Taxation and social security 75,080 86,895
Other creditors 2,261,595 1,535,557
3,970,707 3,595,590

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 93,118 67,110

9. RELATED PARTY DISCLOSURES

2023 2022
£ £

Directors' loan account
Balance brought forward 19,261 19,224
(Capital Introduced)/Drawings 327,953 243,037
Dividends (250,000 ) (243,000 )
Balance carried forward 97,214 19,261

D J Bond
A company in which Mr Bond is a director


2023 2022
£    £   
Amounts written off during the year 1 -