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REGISTERED NUMBER: 01092436 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

J.C.S. TOOLS LIMITED

J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)






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


J.C.S. TOOLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs V A Scaldwell
G Scaldwell





SECRETARY: Mrs V A Scaldwell





REGISTERED OFFICE: 101 Kettlebrook Road
Tamworth
Staffordshire
B77 1AG





REGISTERED NUMBER: 01092436 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 345,692 366,473

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 5 185,471 133,607
Cash at bank and in hand 15,947 364
209,418 141,971
CREDITORS
Amounts falling due within one year 6 155,114 117,211
NET CURRENT ASSETS 54,304 24,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,996

391,233

CREDITORS
Amounts falling due after more than one
year

7

(101,393

)

(130,371

)

PROVISIONS FOR LIABILITIES (15,900 ) (19,900 )
NET ASSETS 282,703 240,962

CAPITAL AND RESERVES
Called up share capital 9 125 125
Capital redemption reserve 75 75
Retained earnings 282,503 240,762
SHAREHOLDERS' FUNDS 282,703 240,962

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.

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 account has not been delivered.

J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)

BALANCE SHEET - continued
31 DECEMBER 2023



The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2024 and were signed on its behalf by:





G Scaldwell - Director


J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

J.C.S. Tools 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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.
Freehold property - 0% - 2% on cost
Plant and machinery - 15% reducing balance
Fixtures and fittings - 33% reducing balance and 15% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Stocks and work in progress are valued based on the directors estimates of the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that 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.

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

The average number of employees during the year was 9 (2022 - 9 ) .

J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 326,801 124,013 16,326 75,245 542,385
Additions - - 395 - 395
At 31 December 2023 326,801 124,013 16,721 75,245 542,780
DEPRECIATION
At 1 January 2023 40,415 90,041 13,592 31,864 175,912
Charge for year 4,736 5,096 499 10,845 21,176
At 31 December 2023 45,151 95,137 14,091 42,709 197,088
NET BOOK VALUE
At 31 December 2023 281,650 28,876 2,630 32,536 345,692
At 31 December 2022 286,386 33,972 2,734 43,381 366,473


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 113,540 58,895
Other debtors 71,931 74,712
185,471 133,607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,400 40,877
Hire purchase contracts 14,259 12,900
Trade creditors 53,952 26,583
Taxation and social security 64,513 23,753
Other creditors 7,990 13,098
155,114 117,211

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 72,109 86,828
Hire purchase contracts 29,284 43,543
101,393 130,371

8. SECURED DEBTS

Creditors includes a mortgage secured on a property. The amount outstanding at the year end is £86,509 (2022 - £100,274).

J.C.S. TOOLS LIMITED (REGISTERED NUMBER: 01092436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
125 Ordinary £1 125 125

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is £62,881 (2022 - £69,648) due from G Scaldwelll. Interest of £1,588 (2022 - £1,852) has been charged on amounts due using the applicable official beneficial loan interest rate. There are no fixed repayment terms.