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REGISTERED NUMBER: 10564198 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

JP Plastering Limited

JP Plastering Limited (Registered number: 10564198)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JP Plastering Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs V Peel
J D Peel





REGISTERED OFFICE: 18 Sheridan Way
Pudsey
Leeds
West Yorkshire
LS28 9NU





REGISTERED NUMBER: 10564198 (England and Wales)





ACCOUNTANTS: Tasker Accounting Services Limited
Chartered Accountants
3 Feast Field
Horsforth
Leeds
West Yorkshire
LS18 4TJ

JP Plastering Limited (Registered number: 10564198)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 16,879 1,204

CURRENT ASSETS
Debtors 5 43,853 32,624
Cash at bank 80 11,890
43,933 44,514
CREDITORS
Amounts falling due within one year 6 12,676 12,880
NET CURRENT ASSETS 31,257 31,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,136

32,838

CREDITORS
Amounts falling due after more than
one year

7

19,147

21,451
NET ASSETS 28,989 11,387

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,889 11,287
28,989 11,387

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

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 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.

JP Plastering Limited (Registered number: 10564198)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Mrs V Peel - Director


JP Plastering Limited (Registered number: 10564198)

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

1. STATUTORY INFORMATION

JP Plastering Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

JP Plastering Limited (Registered number: 10564198)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 February 2023 4,261 - 1,567 5,828
Additions - 19,100 - 19,100
At 31 January 2024 4,261 19,100 1,567 24,928
DEPRECIATION
At 1 February 2023 3,057 - 1,567 4,624
Charge for year 241 3,184 - 3,425
At 31 January 2024 3,298 3,184 1,567 8,049
NET BOOK VALUE
At 31 January 2024 963 15,916 - 16,879
At 31 January 2023 1,204 - - 1,204

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 600 552
Other debtors 43,253 32,072
43,853 32,624

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 8)
2,120

1,925
Trade creditors - 30
Taxation and social security 7,489 8,548
Other creditors 3,067 2,377
12,676 12,880

JP Plastering Limited (Registered number: 10564198)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£ £
Bank loans (see note 8) 19,147 21,451

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,314 12,147

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 2,120 1,925

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,247 2,085

Amounts falling due between two and five years:
Bank loans - 2-5 years 7,586 7,219

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,314 12,147

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£ £
J D Peel and Mrs V Peel
Balance outstanding at start of year 27,325 37,717
Amounts advanced 51,081 37,682
Amounts repaid (39,900 ) (48,074 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,506 27,325