8 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08049906 2023-04-01 2024-03-31 08049906 2024-03-31 08049906 2023-03-31 08049906 2022-04-01 2023-03-31 08049906 2023-03-31 08049906 2022-03-31 08049906 core:PlantMachinery 2023-04-01 2024-03-31 08049906 core:FurnitureFittings 2023-04-01 2024-03-31 08049906 core:MotorVehicles 2023-04-01 2024-03-31 08049906 bus:Director1 2023-04-01 2024-03-31 08049906 core:PlantMachinery 2023-03-31 08049906 core:MotorVehicles 2023-03-31 08049906 core:PlantMachinery 2024-03-31 08049906 core:FurnitureFittings 2024-03-31 08049906 core:MotorVehicles 2024-03-31 08049906 core:WithinOneYear 2024-03-31 08049906 core:WithinOneYear 2023-03-31 08049906 core:AfterOneYear 2024-03-31 08049906 core:ShareCapital 2024-03-31 08049906 core:ShareCapital 2023-03-31 08049906 core:RetainedEarningsAccumulatedLosses 2024-03-31 08049906 core:RetainedEarningsAccumulatedLosses 2023-03-31 08049906 core:PlantMachinery 2023-03-31 08049906 core:MotorVehicles 2023-03-31 08049906 bus:Director1 2023-03-31 08049906 bus:Director1 2024-03-31 08049906 bus:Director1 2022-03-31 08049906 bus:Director1 2023-03-31 08049906 bus:Director1 2022-04-01 2023-03-31 08049906 bus:SmallEntities 2023-04-01 2024-03-31 08049906 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08049906 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08049906 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08049906 bus:FullAccounts 2023-04-01 2024-03-31 08049906 core:OfficeEquipment 2023-04-01 2024-03-31 08049906 core:OfficeEquipment 2023-03-31 08049906 core:OfficeEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 08049906
JCC Electrical Limited
Filleted Unaudited Financial Statements
31 March 2024
JCC Electrical Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
105,429
46,467
Current assets
Debtors
6
39,320
35,503
Cash at bank and in hand
59,551
27,825
--------
--------
98,871
63,328
Creditors: amounts falling due within one year
7
103,970
50,152
---------
--------
Net current (liabilities)/assets
( 5,099)
13,176
---------
--------
Total assets less current liabilities
100,330
59,643
Creditors: amounts falling due after more than one year
8
32,365
---------
--------
Net assets
67,965
59,643
---------
--------
Capital and reserves
Called up share capital
105
105
Profit and loss account
67,860
59,538
--------
--------
Shareholders funds
67,965
59,643
--------
--------
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 comprehensive income has not been delivered.
For the year ending 31 March 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 .
JCC Electrical Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 8 November 2024 , and are signed on behalf of the board by:
Mr J Clack
Director
Company registration number: 08049906
JCC Electrical Limited
Notes to the Financial Statements
Year ended 31 March 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 Unit 1, Landscape View, Weston-on-the-Green, Bicester, OX25 3AD, England.
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
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Equipment
-
25% reducing balance
Fixtures & Fittings
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 6 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 April 2023
9,992
82,450
10,954
103,396
Additions
2,235
3,471
89,312
5,715
100,733
Disposals
( 20,000)
( 20,000)
--------
-------
---------
--------
---------
At 31 March 2024
12,227
3,471
151,762
16,669
184,129
--------
-------
---------
--------
---------
Depreciation
At 1 April 2023
8,396
44,573
3,960
56,929
Charge for the year
630
397
18,596
2,148
21,771
--------
-------
---------
--------
---------
At 31 March 2024
9,026
397
63,169
6,108
78,700
--------
-------
---------
--------
---------
Carrying amount
At 31 March 2024
3,201
3,074
88,593
10,561
105,429
--------
-------
---------
--------
---------
At 31 March 2023
1,596
37,877
6,994
46,467
--------
-------
---------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
28,004
31,172
Other debtors
11,316
4,331
--------
--------
39,320
35,503
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
56,977
12,569
Corporation tax
27,731
19,743
Social security and other taxes
5,303
9,483
Other creditors
13,959
8,357
---------
--------
103,970
50,152
---------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
32,365
--------
----
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr J Clack
679
96,996
( 98,020)
( 345)
----
--------
--------
----
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr J Clack
( 2,194)
76,413
( 73,540)
679
-------
--------
--------
----