2023-02-01 08354577 2024-01-31 08354577 2023-02-01 2024-01-31 08354577 2023-01-31 08354577 2022-02-01 2023-01-31 08354577 uk-core:WithinOneYear 2023-01-31 08354577 uk-core:WithinOneYear 2024-01-31 08354577 uk-core:AfterOneYear 2023-01-31 08354577 uk-core:AfterOneYear 2024-01-31 08354577 uk-core:ShareCapital 2024-01-31 08354577 uk-core:ShareCapital 2023-01-31 08354577 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 08354577 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 08354577 uk-bus:Director1 2023-02-01 2024-01-31 08354577 uk-bus:Director2 2023-02-01 2024-01-31 08354577 uk-core:NetGoodwill 2023-02-01 2024-01-31 08354577 uk-core:ToolsEquipment 2023-02-01 2024-01-31 08354577 uk-core:FurnitureFittings 2023-02-01 2024-01-31 08354577 uk-core:Goodwill 2023-01-31 08354577 uk-core:Goodwill 2024-01-31 08354577 uk-core:Goodwill 2023-02-01 2024-01-31 08354577 uk-core:ToolsEquipment 2023-01-31 08354577 uk-core:FurnitureFittings 2023-01-31 08354577 uk-core:FurnitureFittings 2024-01-31 08354577 uk-core:ToolsEquipment 2024-01-31 08354577 uk-core:WithinOneYear 2024-01-31 08354577 uk-core:WithinOneYear 2023-01-31 08354577 uk-core:AfterOneYear uk-core:Secured 2024-01-31 08354577 uk-core:AfterOneYear uk-core:Secured 2023-01-31 iso4217:GBP xbrli:pure 08354577 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 08354577 uk-bus:FRS102 2023-02-01 2024-01-31 08354577 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 08354577 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
JSS & SONS LTD
Registered Number:08354577
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
JSS & SONS LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08354577
As at 31 January 2024
JSS & SONS LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
96,000
108,000
2
Property, plant and equipment
47,151
47,137
3
143,151
155,137
Current assets
Trade and other receivables
45,147
94,453
4
103,075
Cash and cash equivalents
44,411
138,864
148,222
Trade and other payables: amounts falling due within one
year
(266,998)
(262,091)
5
(118,776)
(123,227)
Net current liabilities
Total assets less current liabilities
19,924
36,361
Trade and other payables: amounts falling due after more
than one year
(19,373)
(11,882)
6
8,042
Net assets
16,988
Capital and reserves
Called up share capital
100
100
Retained earnings
7,942
16,888
8,042
16,988
Shareholders' funds
For the year ended 31 January 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 January 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.
Jagtar Singh Saggu Director
Khushvinder Singh Saggu Director
These financial statements were approved and authorised for issue by the Board on 27 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2024
JSS & SONS LTD
Notes to the Financial Statements
Statutory Information
JSS & SONS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number
08354577.
Registered address:
3 Stanhope Gate
Yorktown Business Park
Camberley
Surrey
GU15 3DW
The presentation currency is £ sterling.
1. Accounting policies
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.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, 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:
15% Reducing balance
Computer equipment
15% Reducing balance
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 January 2024
JSS & SONS LTD
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 February 2023
120,000
At 31 January 2024
120,000
Amortisation
At 01 February 2023
12,000
12,000
Charge for year
At 31 January 2024
24,000
Net book value
At 31 January 2024
96,000
At 31 January 2023
108,000
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 February 2023
64,728
34,725
30,003
8,334
8,334
-
Additions
At 31 January 2024
30,003
43,059
73,062
Provision for depreciation and impairment
At 01 February 2023
17,591
11,792
5,799
Charge for year
8,320
4,690
3,630
At 31 January 2024
25,911
16,482
9,429
At 31 January 2024
Net book value
20,574
26,577
47,151
At 31 January 2023
24,204
22,933
47,137
4. Trade and other receivables
2023
2024
£
£
Trade debtors
63,360
41,997
Other debtors
31,093
3,150
45,147
94,453
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6
For the year ended 31 January 2024
JSS & SONS LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
45,717
7,703
Trade creditors
2,599
4,645
Taxation and social security
28,065
18,984
Other creditors
185,710
235,666
262,091
266,998
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
11,882
19,373
7. Average number of persons employed
During the year the average number of employees was 6 (2023 : 5)
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