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REGISTERED NUMBER: SC562612 (Scotland)















JLS Formwork Ltd

Financial Statements For The Year Ended 30 April 2024






JLS Formwork Ltd (Registered number: SC562612)






Contents of the Financial Statements
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JLS Formwork Ltd

Company Information
For The Year Ended 30 April 2024







DIRECTOR: J L Stewart





REGISTERED OFFICE: 26 Lindsay Drive
Wick
KW1 4PG





REGISTERED NUMBER: SC562612 (Scotland)





ACCOUNTANTS: The Long Partnership
Chartered Accountants
Chartered Tax Advisers
1 Sir John's Square
Thurso
Caithness
KW14 7AN

JLS Formwork Ltd (Registered number: SC562612)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,255 17,634

CURRENT ASSETS
Debtors 5 47,351 18,033
Cash at bank 25,659 20,253
73,010 38,286
CREDITORS
Amounts falling due within one year 6 30,060 7,211
NET CURRENT ASSETS 42,950 31,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,205

48,709

CREDITORS
Amounts falling due after more than one
year

7

4,200

6,600
NET ASSETS 60,005 42,109

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 59,905 42,009
60,005 42,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JLS Formwork Ltd (Registered number: SC562612)

Balance Sheet - continued
30 April 2024


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 director and authorised for issue on 11 September 2024 and were signed by:





J L Stewart - Director


JLS Formwork Ltd (Registered number: SC562612)

Notes to the Financial Statements
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

JLS Formwork Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on reducing balance and 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

JLS Formwork Ltd (Registered number: SC562612)

Notes to the Financial Statements - continued
For The Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 May 2023 70,427
Additions 11,390
Disposals (16,000 )
At 30 April 2024 65,817
DEPRECIATION
At 1 May 2023 52,793
Charge for year 7,053
Eliminated on disposal (15,284 )
At 30 April 2024 44,562
NET BOOK VALUE
At 30 April 2024 21,255
At 30 April 2023 17,634

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 38,220 5,037
Other debtors 9,131 12,996
47,351 18,033

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 2,400 2,400
Trade creditors 13,094 94
Taxation and social security 5,042 2,621
Other creditors 9,524 2,096
30,060 7,211

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 4,200 6,600