Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseTHAT OF THE SALE, INSTALLATION AND REPAIR OF OFFICE FURNITURE77truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01082076 2023-01-01 2023-12-31 01082076 2022-01-01 2022-12-31 01082076 2023-12-31 01082076 2022-12-31 01082076 c:Director1 2023-01-01 2023-12-31 01082076 c:Director4 2023-01-01 2023-12-31 01082076 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 01082076 d:PlantMachinery 2023-01-01 2023-12-31 01082076 d:FurnitureFittings 2023-01-01 2023-12-31 01082076 d:OfficeEquipment 2023-01-01 2023-12-31 01082076 d:OfficeEquipment 2023-12-31 01082076 d:OfficeEquipment 2022-12-31 01082076 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01082076 d:CurrentFinancialInstruments 2023-12-31 01082076 d:CurrentFinancialInstruments 2022-12-31 01082076 d:Non-currentFinancialInstruments 2023-12-31 01082076 d:Non-currentFinancialInstruments 2022-12-31 01082076 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01082076 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01082076 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 01082076 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 01082076 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 01082076 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 01082076 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 01082076 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 01082076 d:ShareCapital 2023-12-31 01082076 d:ShareCapital 2022-12-31 01082076 d:RetainedEarningsAccumulatedLosses 2023-12-31 01082076 d:RetainedEarningsAccumulatedLosses 2022-12-31 01082076 c:OrdinaryShareClass1 2023-01-01 2023-12-31 01082076 c:OrdinaryShareClass1 2023-12-31 01082076 c:OrdinaryShareClass1 2022-12-31 01082076 c:OrdinaryShareClass2 2023-01-01 2023-12-31 01082076 c:OrdinaryShareClass2 2023-12-31 01082076 c:OrdinaryShareClass2 2022-12-31 01082076 c:OrdinaryShareClass4 2023-01-01 2023-12-31 01082076 c:OrdinaryShareClass4 2023-12-31 01082076 c:OrdinaryShareClass4 2022-12-31 01082076 c:OrdinaryShareClass5 2023-01-01 2023-12-31 01082076 c:OrdinaryShareClass5 2023-12-31 01082076 c:OrdinaryShareClass5 2022-12-31 01082076 c:FRS102 2023-01-01 2023-12-31 01082076 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01082076 c:FullAccounts 2023-01-01 2023-12-31 01082076 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01082076 2 2023-01-01 2023-12-31 01082076 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01082076









J.S. SEATING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
J.S. SEATING LIMITED
REGISTERED NUMBER: 01082076

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,611
4,615

Current assets
  

Stocks
 5 
32,988
36,712

Debtors: amounts falling due within one year
 6 
166,185
232,749

Cash at bank and in hand
  
39,552
36,529

  
238,725
305,990

Creditors: amounts falling due within one year
 7 
(144,018)
(200,768)

Net current assets
  
 
 
94,707
 
 
105,222

Total assets less current liabilities
  
99,318
109,837

Creditors: amounts falling due after more than one year
 8 
(22,500)
(32,500)

  

Net assets
  
76,818
77,337


Capital and reserves
  

Called up share capital 
 10 
76,083
76,083

Profit and loss account
  
735
1,254

  
76,818
77,337


Page 1

 
J.S. SEATING LIMITED
REGISTERED NUMBER: 01082076
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf 23 September 2024.




C D Johnson Esq
M Johnson Esq
Director
Director


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
J.S. SEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

J S Seating Limited is a company limited by shares and incorporated in the England and Wales. The registered office of the company is Office 2, 3 Rectory Lane, Brasted, Westerham, Kent, TN16 1JP. The principal activity of the company during the year was that of the sale, installation and repair of office furniture.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the company as lessee

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

Page 3

 
J.S. SEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases.


Leasehold improvements
-
10%
reducing balance
Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
J.S. SEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average number of employees, including directors, during the year was 7 (2022 - 7).


4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 January 2023
69,394


Additions
1,551


Disposals
(9,143)



At 31 December 2023

61,802



Depreciation


At 1 January 2023
64,779


Charge for the year on owned assets
1,509


Disposals
(9,097)



At 31 December 2023

57,191



Net book value



At 31 December 2023
4,611



At 31 December 2022
4,615

Page 5

 
J.S. SEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Stocks

2023
2022
£
£

Work in progress
135
135

Finished goods and goods for resale
32,853
36,577

32,988
36,712


Page 6

 
J.S. SEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
142,189
155,847

Other debtors
13,458
67,371

Prepayments and accrued income
10,538
9,531

166,185
232,749



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
91,443
117,478

Corporation tax
23,815
19,753

Other taxation and social security
13,469
22,059

Other creditors
646
27,183

Accruals and deferred income
4,645
4,295

144,018
200,768



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
22,500
32,500

22,500
32,500


Page 7

 
J.S. SEATING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
12,500
22,500


32,500
42,500



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



204 (2022 - 204) Ordinary "A" shares of £0.10 each
20.40
20.40
205 (2022 - 205) Ordinary "B" shares of £0.10 each
20.50
20.50
205 (2022 - 205) Ordinary "D" shares of £0.10 each
20.50
20.50
120 (2022 - 120) Ordinary "E" shares of £0.10 each
12.00
12.00
100 (2022 - 100) Ordinary "F" shares of £0.10 each
10.00
10.00
380,000 (2022 - 380,000) Ordinary "G" shares of £0.10 each
38,000.00
38,000.00
380,000 (2022 - 380,000) Ordinary "H" shares of £0.10 each
38,000.00
38,000.00

76,083.40

76,083.40


 
Page 8