2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2024 - FRS102_2024 21,000 21,000 xbrli:pure xbrli:shares iso4217:GBP 6046910 2023-02-01 2024-01-31 6046910 2024-01-31 6046910 2023-01-31 6046910 2022-02-01 2023-01-31 6046910 2023-01-31 6046910 2022-01-31 6046910 core:MotorVehicles 2023-02-01 2024-01-31 6046910 bus:Director1 2023-02-01 2024-01-31 6046910 core:NetGoodwill 2024-01-31 6046910 core:MotorVehicles 2023-01-31 6046910 core:MotorVehicles 2024-01-31 6046910 core:WithinOneYear 2024-01-31 6046910 core:WithinOneYear 2023-01-31 6046910 core:AfterOneYear 2024-01-31 6046910 core:AfterOneYear 2023-01-31 6046910 core:ShareCapital 2024-01-31 6046910 core:ShareCapital 2023-01-31 6046910 core:RetainedEarningsAccumulatedLosses 2024-01-31 6046910 core:RetainedEarningsAccumulatedLosses 2023-01-31 6046910 core:BetweenOneFiveYears 2024-01-31 6046910 core:BetweenOneFiveYears 2023-01-31 6046910 core:MotorVehicles 2023-01-31 6046910 bus:SmallEntities 2023-02-01 2024-01-31 6046910 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 6046910 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 6046910 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 6046910 bus:FullAccounts 2023-02-01 2024-01-31
COMPANY REGISTRATION NUMBER: 6046910
JAV Controls & Systems Limited
Filleted Unaudited Financial Statements
31 January 2024
JAV Controls & Systems Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
10,955
16,418
Current assets
Stocks
16,732
16,831
Debtors
7
37,177
15,827
Cash at bank and in hand
12,740
26,893
-------
-------
66,649
59,551
Creditors: amounts falling due within one year
8
63,390
56,420
-------
-------
Net current assets
3,259
3,131
-------
-------
Total assets less current liabilities
14,214
19,549
Creditors: amounts falling due after more than one year
9
10,617
15,517
Provisions
Taxation including deferred tax
2,081
3,119
-------
-------
Net assets
1,516
913
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,416
813
------
---
Shareholders funds
1,516
913
------
---
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 October 2024 , and are signed on behalf of the board by:
Mr P R Gurney
Director
Company registration number: 6046910
JAV Controls & Systems Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 112-114 High Street, Rickmansworth, Herts, WD3 1AQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered during the year, stated net of discounts and of Value Added Tax.
(c) Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
25% straight line
Office and Site Equipment
-
25% straight line
(f) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(g) Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attached to them and the grants will be received.
(h) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 February 2023 and 31 January 2024
21,000
-------
Amortisation
At 1 February 2023 and 31 January 2024
21,000
-------
Carrying amount
At 31 January 2024
-------
At 31 January 2023
-------
6. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 February 2023
16,992
10,448
27,440
Additions
834
834
-------
-------
-------
At 31 January 2024
16,992
11,282
28,274
-------
-------
-------
Depreciation
At 1 February 2023
6,726
4,296
11,022
Charge for the year
4,248
2,049
6,297
-------
-------
-------
At 31 January 2024
10,974
6,345
17,319
-------
-------
-------
Carrying amount
At 31 January 2024
6,018
4,937
10,955
-------
-------
-------
At 31 January 2023
10,266
6,152
16,418
-------
-------
-------
7. Debtors
2024
2023
£
£
Trade debtors
36,764
15,331
Other debtors
413
496
-------
-------
37,177
15,827
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,900
4,900
Trade creditors
8,828
978
Corporation tax
6,105
3,204
Social security and other taxes
2,952
1,984
Other creditors
40,605
45,354
-------
-------
63,390
56,420
-------
-------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,617
15,517
-------
-------
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
3,049
3,049
Later than 1 year and not later than 5 years
1,524
4,573
------
------
4,573
7,622
------
------