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REGISTERED NUMBER: 02864339 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JENNINGS (CONTAINERS & STORAGE) LIMITED

JENNINGS (CONTAINERS & STORAGE) LIMITED (REGISTERED NUMBER: 02864339)






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


JENNINGS (CONTAINERS & STORAGE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A Greenhalgh
M D Jennings
Mrs S E Eadle
Mrs A Wright





SECRETARY: M D Jennings





REGISTERED OFFICE: 50 Monument Industrial Park
Chalgrove
Oxfordshire
OX44 7RW





REGISTERED NUMBER: 02864339 (England and Wales)





ACCOUNTANTS: Wentworths & Associates Limited
White Hart House
Silwood Road
Ascot
Berkshire
SL5 0PY

JENNINGS (CONTAINERS & STORAGE) LIMITED (REGISTERED NUMBER: 02864339)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,943,596 1,419,078

CURRENT ASSETS
Stocks 5 44,854 25,800
Debtors 6 173,736 121,577
Cash at bank and in hand 487 246,935
219,077 394,312
CREDITORS
Amounts falling due within one year 7 474,019 382,114
NET CURRENT (LIABILITIES)/ASSETS (254,942 ) 12,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,688,654

1,431,276

CREDITORS
Amounts falling due after more than one
year

8

(644,501

)

(555,753

)

PROVISIONS FOR LIABILITIES (273,863 ) (208,753 )
NET ASSETS 770,290 666,770

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 769,290 665,770
SHAREHOLDERS' FUNDS 770,290 666,770

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.

JENNINGS (CONTAINERS & STORAGE) LIMITED (REGISTERED NUMBER: 02864339)

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 17 July 2024 and were signed on its behalf by:




M D Jennings - Director A Greenhalgh - Director




Mrs S E Eadle - Director Mrs A Wright - Director


JENNINGS (CONTAINERS & STORAGE) LIMITED (REGISTERED NUMBER: 02864339)

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

1. STATUTORY INFORMATION

Jennings (Containers & Storage) 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.

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.
Short leasehold - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Containers - 10% on reducing balance

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

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

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.

JENNINGS (CONTAINERS & STORAGE) LIMITED (REGISTERED NUMBER: 02864339)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2023 249,214 39,831 13,110
Additions 271,220 14,500 108,519
At 31 December 2023 520,434 54,331 121,629
DEPRECIATION
At 1 January 2023 - 28,548 7,560
Charge for year 10,409 6,446 28,517
At 31 December 2023 10,409 34,994 36,077
NET BOOK VALUE
At 31 December 2023 510,025 19,337 85,552
At 31 December 2022 249,214 11,283 5,550

Motor
vehicles Containers Totals
£    £    £   
COST
At 1 January 2023 13,215 1,668,337 1,983,707
Additions - 301,762 696,001
At 31 December 2023 13,215 1,970,099 2,679,708
DEPRECIATION
At 1 January 2023 12,725 515,796 564,629
Charge for year 490 125,621 171,483
At 31 December 2023 13,215 641,417 736,112
NET BOOK VALUE
At 31 December 2023 - 1,328,682 1,943,596
At 31 December 2022 490 1,152,541 1,419,078

5. STOCKS
2023 2022
£    £   
Stocks 44,854 25,800

JENNINGS (CONTAINERS & STORAGE) LIMITED (REGISTERED NUMBER: 02864339)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 63,550 88,209
Other debtors 110,186 33,368
173,736 121,577

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 91,072 84,569
Finance leases 181,068 86,660
Trade creditors 102,429 130,619
Taxation and social security 26,949 7,283
Other creditors 72,501 72,983
474,019 382,114

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 353,484 412,735
Finance leases 191,017 136,253
Other creditors 100,000 6,765
644,501 555,753

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 421,952 481,203

A legal charge was registered on 28 September 2022 against the company assets, debts and rights.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000