IRIS Accounts Production v24.2.0.383 03318346 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033183462023-03-31033183462024-03-31033183462023-04-012024-03-31033183462022-03-31033183462022-04-012023-03-31033183462023-03-3103318346ns15:EnglandWales2023-04-012024-03-3103318346ns14:PoundSterling2023-04-012024-03-3103318346ns10:Director12023-04-012024-03-3103318346ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103318346ns10:SmallEntities2023-04-012024-03-3103318346ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103318346ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103318346ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103318346ns10:AbridgedAccounts2023-04-012024-03-3103318346ns10:RegisteredOffice2023-04-012024-03-3103318346ns5:CurrentFinancialInstruments2024-03-3103318346ns5:CurrentFinancialInstruments2023-03-3103318346ns5:Non-currentFinancialInstruments2024-03-3103318346ns5:Non-currentFinancialInstruments2023-03-3103318346ns5:ShareCapital2024-03-3103318346ns5:ShareCapital2023-03-3103318346ns5:RetainedEarningsAccumulatedLosses2024-03-3103318346ns5:RetainedEarningsAccumulatedLosses2023-03-3103318346ns5:PlantMachinery2023-04-012024-03-31
REGISTERED NUMBER: 03318346 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

JPS CONSTRUCTION LTD

JPS CONSTRUCTION LTD (REGISTERED NUMBER: 03318346)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


JPS CONSTRUCTION LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr S J O'Craft



REGISTERED OFFICE: 5 Merryfield Road
Dudley
West Midlands
DY1 2NA



REGISTERED NUMBER: 03318346 (England and Wales)



ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ



BANKERS: Lloyds TSB
28 Market Place
Tipton
Great Bridge
West Midlands
DY4 7EN

JPS CONSTRUCTION LTD (REGISTERED NUMBER: 03318346)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,316 8,105

CURRENT ASSETS
Debtors 3,729 5,069
Cash at bank and in hand 2,960 552
6,689 5,621
CREDITORS
Amounts falling due within one year 43,754 48,273
NET CURRENT LIABILITIES (37,065 ) (42,652 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,749

)

(34,547

)

CREDITORS
Amounts falling due after more than one year 3,434 5,335
NET LIABILITIES (35,183 ) (39,882 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (35,187 ) (39,886 )
SHAREHOLDERS' FUNDS (35,183 ) (39,882 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





Mr S J O'Craft - Director


JPS CONSTRUCTION LTD (REGISTERED NUMBER: 03318346)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

JPS Construction Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 2 (2023 - 2 ) .

JPS CONSTRUCTION LTD (REGISTERED NUMBER: 03318346)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 51,432
Additions 233
Disposals (20,644 )
At 31 March 2024 31,021
DEPRECIATION
At 1 April 2023 43,327
Charge for year 1,771
Eliminated on disposal (19,393 )
At 31 March 2024 25,705
NET BOOK VALUE
At 31 March 2024 5,316
At 31 March 2023 8,105

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023 25,350
Disposals (15,500 )
Reclassification/transfer (855 )
At 31 March 2024 8,995
DEPRECIATION
At 1 April 2023 23,993
Charge for year 1,687
Eliminated on disposal (14,337 )
Reclassification/transfer (7,408 )
At 31 March 2024 3,935
NET BOOK VALUE
At 31 March 2024 5,060
At 31 March 2023 1,357