2023-04-012024-03-312024-03-31false07212552JERSEY ROAD 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JERSEY ROAD LIMITED

Registered Number
07212552
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

JERSEY ROAD LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

GIBSON, Charis Emilia Mastris
MARTIN, Lynda Ruth
RUSSELL, Andrea Rebecca
RUSSELL, Gareth Wilson

Registered Address

Garden Office, Cowley's Yard Mill Lane
Stony Stratford
Milton Keynes
MK11 1BQ

Registered Number

07212552 (England and Wales)
JERSEY ROAD LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets38,84012,414
8,84012,414
Current assets
Debtors52,79878,090
Current asset investments6767
Cash at bank and on hand8227,924
52,947106,081
Creditors amounts falling due within one year4(211,657)(159,245)
Net current assets (liabilities)(158,710)(53,164)
Total assets less current liabilities(149,870)(40,750)
Net assets(149,870)(40,750)
Capital and reserves
Called up share capital100100
Profit and loss account(149,970)(40,850)
Shareholders' funds(149,870)(40,750)
The financial statements were approved and authorised for issue by the Board of Directors on 15 August 2024, and are signed on its behalf by:
RUSSELL, Gareth Wilson
Director
Registered Company No. 07212552
JERSEY ROAD LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The financial statements have been prepared on a going concern basis.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is measured by comparing costs incurred for work performed to date compared to the total estimated contract costs.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings20
Office Equipment33
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year2117
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2330,224
At 31 March 2430,224
Depreciation and impairment
At 01 April 2317,810
Charge for year3,574
At 31 March 2421,384
Net book value
At 31 March 248,840
At 31 March 2312,414
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables65,37138,214
Bank borrowings and overdrafts40,966-
Taxation and social security74,16661,428
Other creditors27,3148,779
Accrued liabilities and deferred income3,84050,824
Total211,657159,245
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.