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COMPANY REGISTRATION NUMBER: 04045320
Jordan Safety Services Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
Jordan Safety Services Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
6
503
759
Current assets
Debtors
7
134
Cash at bank and in hand
37,567
24,358
--------
--------
37,567
24,492
Creditors: amounts falling due within one year
8
24,936
24,841
--------
--------
Net current assets/(liabilities)
12,631
( 349)
--------
----
Total assets less current liabilities
13,134
410
--------
----
Net assets
13,134
410
--------
----
Jordan Safety Services Limited
Statement of Financial Position (continued)
31 December 2023
2023
2022
Note
£
£
£
£
Capital and reserves
Called up share capital
2
2
Profit and loss account
13,132
408
--------
----
Shareholders funds
13,134
410
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 September 2024 , and are signed on behalf of the board by:
Mrs. T.M. Campbell
Director
Company registration number: 04045320
Jordan Safety Services Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Carlton View, Allerton Bywater, Castleford, West Yorkshire, WF10 2HD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Going concern The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. (c) Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. In respect of long term contracts and contracts for on going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced and is recognised by reference to the stage of completion. (d) Current & deferred tax The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. (e) Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
(f) Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
(g) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(h) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Website Development
-
33% reducing balance
Equipment
-
33% reducing balance
(i) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
(j) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 3 ).
5. Intangible assets
Patents, trademarks and licences
£
Cost
At 1 January 2023 and 31 December 2023
38,000
--------
Amortisation
At 1 January 2023 and 31 December 2023
38,000
--------
Carrying amount
At 31 December 2023
--------
At 31 December 2022
--------
6. Tangible assets
Website development
Equipment
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
1,003
21,532
22,535
-------
--------
--------
Depreciation
At 1 January 2023
944
20,832
21,776
Charge for the year
20
236
256
-------
--------
--------
At 31 December 2023
964
21,068
22,032
-------
--------
--------
Carrying amount
At 31 December 2023
39
464
503
-------
--------
--------
At 31 December 2022
59
700
759
-------
--------
--------
7. Debtors
2023
2022
£
£
Trade debtors
134
----
----
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
844
2,284
Accruals and deferred income
1,455
1,345
Corporation tax
9,695
10,343
Social security and other taxes
6,923
3,883
Director loan accounts
6,019
6,986
--------
--------
24,936
24,841
--------
--------
9. Related party transactions
During the year the directors made available loans to the company . At 31 December 2023 the balance outstanding was £ 6,019 (2022: £6,986). No interest is charged on this loan and the balance is repayable on demand.