Company registration number 10469563 (England and Wales)
J PLANT LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
J PLANT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
J PLANT LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,076
4,076
Tangible assets
4
574,066
747,512
578,142
751,588
Current assets
Debtors
5
201,811
208,356
Cash at bank and in hand
7,381
25,627
209,192
233,983
Creditors: amounts falling due within one year
6
(435,311)
(521,155)
Net current liabilities
(226,119)
(287,172)
Total assets less current liabilities
352,023
464,416
Creditors: amounts falling due after more than one year
7
(151,365)
(276,064)
Provisions for liabilities
(33,547)
(30,412)
Net assets
167,111
157,940
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
167,011
157,840
Total equity
167,111
157,940

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 30 August 2024
Mr J R Norvill
Director
Company Registration No. 10469563
J PLANT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

J Plant Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bradbury House, Mission Court, Newport, Gwent, United Kingdom, NP20 2DW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for services provided in the normal course of business net of VAT and trade discounts.

 

Revenue from the hire of machinery is recognised over the period of hire when, and to the extent that, the company obtains the right to consideration in exchange for services provided.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% straight line
Fixtures and fittings
20% reducing balance
Computers
33% reducing balance
Motor vehicles
25% reducing balance
J PLANT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

J PLANT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
7
7
3
Intangible fixed assets
Other intangible assets
£
Cost
At 1 December 2022 and 30 November 2023
4,076
Amortisation and impairment
At 1 December 2022 and 30 November 2023
-
0
Carrying amount
At 30 November 2023
4,076
At 30 November 2022
4,076
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 December 2022
650,093
767
3,804
336,011
990,675
Disposals
(69,200)
-
0
-
0
-
0
(69,200)
At 30 November 2023
580,893
767
3,804
336,011
921,475
Depreciation and impairment
At 1 December 2022
192,842
225
2,205
47,891
243,163
Depreciation charged in the year
69,868
108
528
72,030
142,534
Eliminated in respect of disposals
(38,288)
-
0
-
0
-
0
(38,288)
At 30 November 2023
224,422
333
2,733
119,921
347,409
Carrying amount
At 30 November 2023
356,471
434
1,071
216,090
574,066
At 30 November 2022
457,251
542
1,599
288,120
747,512
J PLANT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
189,926
195,046
Other debtors
8,800
8,083
Prepayments and accrued income
3,085
5,227
201,811
208,356
6
Creditors: amounts falling due within one year
2023
2022
£
£
Obligations under finance leases
110,109
147,954
Trade creditors
19,651
36,839
Taxation and social security
25,786
4,315
Other creditors
276,965
328,247
Accruals and deferred income
2,800
3,800
435,311
521,155

The hire purchase creditors are secured by fixed charges over the assets.

7
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Obligations under finance leases
151,365
276,064

The hire purchase creditors are secured by fixed charges over the assets.

8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
2023-11-302022-12-01false30 August 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr J R Norvillfalsefalse104695632022-12-012023-11-30104695632023-11-30104695632022-11-3010469563core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-11-3010469563core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-11-3010469563core:PlantMachinery2023-11-3010469563core:FurnitureFittings2023-11-3010469563core:ComputerEquipment2023-11-3010469563core:MotorVehicles2023-11-3010469563core:PlantMachinery2022-11-3010469563core:FurnitureFittings2022-11-3010469563core:ComputerEquipment2022-11-3010469563core:MotorVehicles2022-11-3010469563core:CurrentFinancialInstrumentscore:WithinOneYear2023-11-3010469563core:CurrentFinancialInstrumentscore:WithinOneYear2022-11-3010469563core:Non-currentFinancialInstrumentscore:AfterOneYear2023-11-3010469563core:Non-currentFinancialInstrumentscore:AfterOneYear2022-11-3010469563core:CurrentFinancialInstruments2023-11-3010469563core:CurrentFinancialInstruments2022-11-3010469563core:ShareCapital2023-11-3010469563core:ShareCapital2022-11-3010469563core:RetainedEarningsAccumulatedLosses2023-11-3010469563core:RetainedEarningsAccumulatedLosses2022-11-3010469563bus:Director12022-12-012023-11-3010469563core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3010469563core:PlantMachinery2022-12-012023-11-3010469563core:FurnitureFittings2022-12-012023-11-3010469563core:ComputerEquipment2022-12-012023-11-3010469563core:MotorVehicles2022-12-012023-11-30104695632021-12-012022-11-3010469563core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2022-11-3010469563core:PlantMachinery2022-11-3010469563core:FurnitureFittings2022-11-3010469563core:ComputerEquipment2022-11-3010469563core:MotorVehicles2022-11-30104695632022-11-3010469563core:Non-currentFinancialInstruments2023-11-3010469563core:Non-currentFinancialInstruments2022-11-3010469563bus:PrivateLimitedCompanyLtd2022-12-012023-11-3010469563bus:SmallCompaniesRegimeForAccounts2022-12-012023-11-3010469563bus:FRS1022022-12-012023-11-3010469563bus:AuditExemptWithAccountantsReport2022-12-012023-11-3010469563bus:FullAccounts2022-12-012023-11-30xbrli:purexbrli:sharesiso4217:GBP