JDS Supplies (Midlands) Ltd |
Registered Number:08544101 |
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2024
JDS Supplies (Midlands) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
JDS Supplies (Midlands) Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
11,145
14,860
2
11,145
14,860
45,731
31,387
3
Trade and other receivables |
4,095
141
4
802
Cash and cash equivalents |
7,697
39,225
50,628
Trade and other payables: amounts falling due within one year |
(52,469)
(42,405)
5
(1,841)
(3,180)
Net current liabilities
Total assets less current liabilities |
7,965
13,019
(2,117)
(2,823)
Provisions for liabilities |
5,848
Net assets
10,196
2
2
5,846
10,194
5,848
10,196
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Stephen William Cash Director |
These financial statements were approved and authorised for issue by the Board on 15 October 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 May 2024
JDS Supplies (Midlands) Ltd
Notes to the Financial Statements
Statutory Information
JDS Supplies (Midlands) Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 08544101. |
Principal place of business: |
17 The Butts
Little Weighton
Cottingham
East Yorkshire
HU20 3XD
40 High Street
Pershore
Worcestershire
WR10 1DP
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets. |
Significant judgements and estimates
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who has undertaken to provide such support for the foreseeable future. If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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For the year ended 31 May 2024
JDS Supplies (Midlands) Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
26,600
183
26,417
26,417
183
26,600
Provision for depreciation and impairment |
11,740
183
11,557
Charge for year
3,715
-
3,715
15,455
183
15,272
11,145
-
11,145
14,860
-
14,860
2023
2024
31,387
45,731
4. Trade and other receivables |
2023
2024
141
4,095
5. Trade and other payables: amounts falling due within one year |
2023
2024
22,788
32,513
Taxation and social security |
152
-
19,465
19,956
42,405
52,469
6. Average number of persons employed |
During the year the average number of employees was 2.
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For the year ended 31 May 2024
JDS Supplies (Midlands) Ltd
Notes to the Financial Statements Continued
The principal accounting polices applied in the preparation of the financial statements are set out above. These policies have |
been consistently applied to all the years presented, unless otherwise stated. No changes have arisen as a result of the |
transition to Section 1A of Financial Reporting Standard 102. |
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