1 April 2023 false Taxfiler 2024.5 01549261business:PrivateLimitedCompanyLtd2023-04-012024-03-31 015492612023-03-31 015492612023-04-012024-03-31 01549261business:AuditExemptWithAccountantsReport2023-04-012024-03-31 01549261business:FilletedAccounts2023-04-012024-03-31 015492612024-03-31 01549261business:Director12023-04-012024-03-31 01549261business:RegisteredOffice2023-04-012024-03-31 015492612023-03-31 01549261core:WithinOneYear2024-03-31 01549261core:WithinOneYear2023-03-31 01549261core:AfterOneYear2024-03-31 01549261core:AfterOneYear2023-03-31 01549261core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 01549261core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 01549261core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 01549261core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 01549261core:CapitalRedemptionReservecore:PreviouslyStatedAmount2024-03-31 01549261core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-03-31 01549261core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 01549261core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 01549261core:PreviouslyStatedAmount2024-03-31 01549261core:PreviouslyStatedAmount2023-03-31 01549261business:SmallEntities2023-04-012024-03-31 01549261countries:EnglandWales2023-04-012024-03-31 01549261core:MotorVehicles2023-04-012024-03-31 01549261core:FurnitureFittings2023-04-012024-03-31 01549261core:MotorVehicles2023-03-31 01549261core:FurnitureFittings2023-03-31 01549261core:MotorVehicles2024-03-31 01549261core:FurnitureFittings2024-03-31 01549261core:AcceleratedTaxDepreciationDeferredTax2024-03-31 01549261core:AcceleratedTaxDepreciationDeferredTax2023-03-31 015492612022-04-012023-03-31 01549261business:OrdinaryShareClass12023-04-012024-03-31 01549261business:OrdinaryShareClass12022-04-012023-03-31 01549261business:OrdinaryShareClass22023-04-012024-03-31 01549261business:OrdinaryShareClass22022-04-012023-03-31 01549261business:OrdinaryShareClass32023-04-012024-03-31 01549261business:OrdinaryShareClass32022-04-012023-03-31 01549261business:OrdinaryShareClass42023-04-012024-03-31 01549261business:OrdinaryShareClass42022-04-012023-03-31 01549261business:AllOrdinaryShares2023-04-012024-03-31 01549261business:AllOrdinaryShares2022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 01549261 (England and Wales)
J.N.C. Enterprises Limited Unaudited accounts for the year ended 31 March 2024
J.N.C. Enterprises Limited Unaudited accounts Contents
Page
- 2 -
J.N.C. Enterprises Limited Company Information for the year ended 31 March 2024
Director
Thomas Clarke
Company Number
01549261 (England and Wales)
Registered Office
D5-D6 GREENSPLOTT ROAD CHITTENING TRAD ESTATE AVONMOUTH BRISTOL BS11 0YB
Accountants
Evans Entwistle 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of J.N.C. Enterprises Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of J.N.C. Enterprises Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice 10 Fountain Court, Elm House New Leaze Bradley Stoke Bristol BS32 4LA 7 October 2024
- 4 -
J.N.C. Enterprises Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,333 
41,886 
Current assets
Inventories
1,458,236 
1,606,936 
Debtors
395,790 
380,621 
Cash at bank and in hand
184,640 
210,175 
2,038,666 
2,197,732 
Creditors: amounts falling due within one year
(536,537)
(698,133)
Net current assets
1,502,129 
1,499,599 
Total assets less current liabilities
1,525,462 
1,541,485 
Creditors: amounts falling due after more than one year
(118,866)
(133,934)
Provisions for liabilities
Deferred tax
(5,308)
- 
Net assets
1,401,288 
1,407,551 
Capital and reserves
Called up share capital
1,275 
1,275 
Share premium
116,350 
116,350 
Capital redemption reserve
375 
375 
Profit and loss account
1,283,288 
1,289,551 
Shareholders' funds
1,401,288 
1,407,551 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 October 2024 and were signed on its behalf by
Thomas Clarke Director Company Registration No. 01549261
- 5 -
J.N.C. Enterprises Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
J.N.C. Enterprises Limited is a private company, limited by shares, registered in England and Wales, registration number 01549261. The registered office is D5-D6 GREENSPLOTT ROAD, CHITTENING TRAD ESTATE, AVONMOUTH BRISTOL, BS11 0YB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years straight line
Fixtures & fittings
5 years straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the amounts on a contract basis by recording revenue and related costs as contract activity progresses.
- 6 -
J.N.C. Enterprises Limited Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
52,475 
17,113 
69,588 
Disposals
(20,475)
- 
(20,475)
At 31 March 2024
32,000 
17,113 
49,113 
Depreciation
At 1 April 2023
12,862 
14,840 
27,702 
Charge for the year
8,920 
2,273 
11,193 
On disposals
(13,115)
- 
(13,115)
At 31 March 2024
8,667 
17,113 
25,780 
Net book value
At 31 March 2024
23,333 
- 
23,333 
At 31 March 2023
39,613 
2,273 
41,886 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
391,221 
374,788 
Accrued income and prepayments
4,569 
5,833 
395,790 
380,621 
- 7 -
J.N.C. Enterprises Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
186,658 
53,332 
VAT
86,304 
25,531 
Obligations under finance leases and hire purchase contracts
9,589 
9,600 
Trade creditors
128,281 
322,536 
Amounts owed to group undertakings and other participating interests
65,000 
190,000 
Taxes and social security
30,676 
37,634 
Other creditors
27,529 
56,048 
Accruals
2,500 
3,452 
536,537 
698,133 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
58,334 
108,334 
Obligations under finance leases and hire purchase contracts
10,532 
25,600 
Loans from directors
50,000 
- 
118,866 
133,934 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
5,308 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
5,308 
- 
Provision at end of year
5,308 
- 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
- Ordinary shares of £1 each
- 
1,275 
1,084 A Ordinary shares of £1 each
1,084 
- 
127 B Ordinary shares of £1 each
127 
- 
64 C Ordinary shares of £1 each
64 
- 
1,275 
1,275 
Shares issued during the period:
1,084 A Ordinary shares of £1 each
1,084 
127 B Ordinary shares of £1 each
127 
64 C Ordinary shares of £1 each
64 
1,275 
- 8 -
J.N.C. Enterprises Limited Notes to the Accounts for the year ended 31 March 2024
10
Transactions with related parties
On 31 March 2024 the company was owed £65,000 (2023: £190,00) to Asteria Leisure Limited, a company under common control.
11
Average number of employees
During the year the average number of employees was 16 (2023: 14).
- 9 -