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REGISTERED NUMBER: 03796737 (England and Wales)











J1 Technologies Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






J1 Technologies Limited (Registered number: 03796737)






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


J1 Technologies Limited

Company Information
for the Year Ended 31 December 2023







Directors: K Burgess
K H Minister





Secretary: T V Warr





Registered office: Unit 6 Centre Point
Marshall Stevens Way
Trafford Park
Manchester
M17 1PP





Registered number: 03796737 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

J1 Technologies Limited (Registered number: 03796737)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
Fixed assets
Tangible assets 4 68,321 70,722
Investments 5 7,100 7,100
75,421 77,822

Current assets
Stocks 744,981 1,185,273
Debtors 6 3,176,190 3,056,520
Cash at bank 873,617 763,442
4,794,788 5,005,235
Creditors
Amounts falling due within one year 7 (677,152 ) (1,126,210 )
Net current assets 4,117,636 3,879,025
Total assets less current liabilities 4,193,057 3,956,847

Provisions for liabilities (10,800 ) (12,700 )
Net assets 4,182,257 3,944,147

Capital and reserves
Called up share capital 10,000 10,000
Retained earnings 4,172,257 3,934,147
Shareholders' funds 4,182,257 3,944,147

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 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.

J1 Technologies Limited (Registered number: 03796737)

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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





K Burgess - Director


J1 Technologies Limited (Registered number: 03796737)

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

1. Statutory information

J1 Technologies 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about J1 Technologies Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the business. Turnover is shown net of value added tax, of goods sold to external customers.

Turnover is recognised at the point of sale at which the goods are despatched.

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 - 50% on cost, 33% on cost, 25% on reducing balance, 20% on cost, 15% on cost, 10% on cost and in accordance with the property

Tangible fixed assets are reviewed for impairments in periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Investments in subsidiaries
Investments in subsidiaries, are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

Investments in subsidiaries are assessed for impairment at each reporting date. Any impairments losses or reversals of impairment losses are recognised immediately in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


J1 Technologies Limited (Registered number: 03796737)

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

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 19 (2022 - 20 ) .

J1 Technologies Limited (Registered number: 03796737)

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 693,771
Additions 14,843
Disposals (2,795 )
At 31 December 2023 705,819
Depreciation
At 1 January 2023 623,049
Charge for year 16,678
Eliminated on disposal (2,229 )
At 31 December 2023 637,498
Net book value
At 31 December 2023 68,321
At 31 December 2022 70,722


5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 January 2023
and 31 December 2023 7,100
Net book value
At 31 December 2023 7,100
At 31 December 2022 7,100

6. Debtors
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 808,051 1,137,663
Amounts owed by group undertakings 1,328,718 1,168,118
Other debtors 1,024,488 736,186
3,161,257 3,041,967

J1 Technologies Limited (Registered number: 03796737)

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

6. Debtors - continued
31.12.23 31.12.22
£    £   
Amounts falling due after more than one year:
Other debtors 14,933 14,553

Aggregate amounts 3,176,190 3,056,520

7. Creditors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Trade creditors 473,334 782,525
Taxation and social security 116,530 157,551
Other creditors 87,288 186,134
677,152 1,126,210

8. Contingent liabilities

The company has given an unlimited guarantee in respect of the bank borrowings of Solupak Limited and Core Additive Technologies Limited. There was no potential liability at 31 December 2022 and 2023.

The company has also given an unlimited guarantee in respect of other borrowings of those companies. The maximum potential liability at 31 December 2023 was £365,659 (2022: £450,859).

The company has given a guarantee for an operating lease of Core Additive Technologies Limited with an annual rental commitment of £96,075 (2022: £86,653).

The company has given a guarantee for an operating lease of Solupak Limited with an annual rental commitment of £96,075.

It is the opinion of the directors that these guarantees are unlikely to be called upon in the foreseeable future.

J1 Technologies Limited (Registered number: 03796737)

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

9. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
K Burgess
Balance outstanding at start of year 57,448 56,322
Amounts advanced 1,255 1,126
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 58,703 57,448

The loan is at commercial rates of interest and repayable on demand.