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REGISTERED NUMBER: 06219254















Unaudited Financial Statements for the Year Ended 31st January 2024

for

JJR ASSOCIATES LTD

JJR ASSOCIATES LTD (REGISTERED NUMBER: 06219254)

Contents of the Financial Statements
for the Year Ended 31st January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JJR ASSOCIATES LTD

Company Information
for the Year Ended 31st January 2024







DIRECTORS: Mr JR Osborne
Mr J Osborne





REGISTERED OFFICE: 1 Burns Close
Headless Cross
Redditch
Worcestershire
B97 5BS





REGISTERED NUMBER: 06219254





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

JJR ASSOCIATES LTD (REGISTERED NUMBER: 06219254)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,511 47,110
Tangible assets 5 217,846 242,492
255,357 289,602

CURRENT ASSETS
Stocks 6 5,948 5,948
Debtors 7 91,236 80,253
Cash at bank and in hand 282,352 296,683
379,536 382,884
CREDITORS
Amounts falling due within one year 8 362,512 310,865
NET CURRENT ASSETS 17,024 72,019
TOTAL ASSETS LESS CURRENT LIABILITIES 272,381 361,621

CREDITORS
Amounts falling due after more than one year 9 (115,302 ) (173,963 )

PROVISIONS FOR LIABILITIES 11 (38,084 ) (45,289 )
NET ASSETS 118,995 142,369

JJR ASSOCIATES LTD (REGISTERED NUMBER: 06219254)

Balance Sheet - continued
31st January 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 4 4
Retained earnings 118,991 142,365
SHAREHOLDERS' FUNDS 118,995 142,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2024 and were signed on its behalf by:




Mr JR Osborne - Director



Mr J Osborne - Director


JJR ASSOCIATES LTD (REGISTERED NUMBER: 06219254)

Notes to the Financial Statements
for the Year Ended 31st January 2024


1. STATUTORY INFORMATION

JJR Associates Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% 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 Statement of Income and Retained Earnings, 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.


JJR ASSOCIATES LTD (REGISTERED NUMBER: 06219254)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 93 (2023 - 109 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
Goodwill licences software Totals
£    £    £    £   
COST
At 1st February 2023
and 31st January 2024 104,484 9,636 8,856 122,976
AMORTISATION
At 1st February 2023 65,735 4,818 5,313 75,866
Amortisation for year 7,749 964 886 9,599
At 31st January 2024 73,484 5,782 6,199 85,465
NET BOOK VALUE
At 31st January 2024 31,000 3,854 2,657 37,511
At 31st January 2023 38,749 4,818 3,543 47,110

JJR ASSOCIATES LTD (REGISTERED NUMBER: 06219254)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2023 208,028 434,069 9,000 33,655 684,752
Additions - 14,431 - - 14,431
At 31st January 2024 208,028 448,500 9,000 33,655 699,183
DEPRECIATION
At 1st February 2023 159,962 261,212 7,426 13,660 442,260
Charge for year 7,309 28,572 314 2,882 39,077
At 31st January 2024 167,271 289,784 7,740 16,542 481,337
NET BOOK VALUE
At 31st January 2024 40,757 158,716 1,260 17,113 217,846
At 31st January 2023 48,066 172,857 1,574 19,995 242,492

6. STOCKS
2024 2023
£    £   
Stocks 5,948 5,948

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 91,236 80,253

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 72,510 75,607
Trade creditors 168,512 95,996
Taxation and social security 105,695 124,006
Other creditors 15,795 15,256
362,512 310,865

JJR ASSOCIATES LTD (REGISTERED NUMBER: 06219254)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 115,302 173,963

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 8,166

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 13,111 11,919
Bank loans 59,399 63,688
72,510 75,607

Amounts falling due between one and two years:
Bank loans - 1-2 years 44,649 59,399

Amounts falling due between two and five years:
Bank loans - 2-5 years 70,653 106,398

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 8,166

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 40,748 45,289
Tax losses carried forward (2,664 ) -
38,084 45,289

JJR ASSOCIATES LTD (REGISTERED NUMBER: 06219254)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st February 2023 45,289
Provided during year (7,205 )
Balance at 31st January 2024 38,084

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary 1 4 4