IRIS Accounts Production v24.2.0.383 11340245 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113402452023-03-31113402452024-03-31113402452023-04-012024-03-31113402452022-03-31113402452022-04-012023-03-31113402452023-03-3111340245ns15:EnglandWales2023-04-012024-03-3111340245ns14:PoundSterling2023-04-012024-03-3111340245ns10:Director12023-04-012024-03-3111340245ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111340245ns10:SmallEntities2023-04-012024-03-3111340245ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111340245ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111340245ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111340245ns10:FullAccounts2023-04-012024-03-3111340245ns10:Director22023-04-012024-03-3111340245ns10:Director32023-04-012024-03-3111340245ns10:RegisteredOffice2023-04-012024-03-3111340245ns5:CurrentFinancialInstruments2024-03-3111340245ns5:CurrentFinancialInstruments2023-03-3111340245ns5:Non-currentFinancialInstruments2024-03-3111340245ns5:Non-currentFinancialInstruments2023-03-3111340245ns5:ShareCapital2024-03-3111340245ns5:ShareCapital2023-03-3111340245ns5:RetainedEarningsAccumulatedLosses2024-03-3111340245ns5:RetainedEarningsAccumulatedLosses2023-03-3111340245ns5:PlantMachinery2023-03-3111340245ns5:MotorVehicles2023-03-3111340245ns5:ComputerEquipment2023-03-3111340245ns5:PlantMachinery2023-04-012024-03-3111340245ns5:MotorVehicles2023-04-012024-03-3111340245ns5:ComputerEquipment2023-04-012024-03-3111340245ns5:PlantMachinery2024-03-3111340245ns5:MotorVehicles2024-03-3111340245ns5:ComputerEquipment2024-03-3111340245ns5:PlantMachinery2023-03-3111340245ns5:MotorVehicles2023-03-3111340245ns5:ComputerEquipment2023-03-3111340245ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3111340245ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3111340245ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3111340245ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3111340245ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3111340245ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 11340245 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JALCO PROJECTS LTD

JALCO PROJECTS LTD (REGISTERED NUMBER: 11340245)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JALCO PROJECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr M I Daniels
Mr L Daniels
Mr C M Daniels





REGISTERED OFFICE: Unit 15
Aylsham Industrial Estate
Aylsham
Norfolk
NR11 6SS





REGISTERED NUMBER: 11340245 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

JALCO PROJECTS LTD (REGISTERED NUMBER: 11340245)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 160,711 164,682

CURRENT ASSETS
Debtors 5 725,422 500,313
Cash at bank 110,875 109,581
836,297 609,894
CREDITORS
Amounts falling due within one year 6 248,613 191,974
NET CURRENT ASSETS 587,684 417,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,395

582,602

CREDITORS
Amounts falling due after more than one
year

7

(16,490

)

(22,310

)

PROVISIONS FOR LIABILITIES (40,178 ) (43,773 )
NET ASSETS 691,727 516,519

CAPITAL AND RESERVES
Called up share capital 12 12
Retained earnings 691,715 516,507
691,727 516,519

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 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.

JALCO PROJECTS LTD (REGISTERED NUMBER: 11340245)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





Mr M I Daniels - Director


JALCO PROJECTS LTD (REGISTERED NUMBER: 11340245)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Jalco Projects 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has accepted delivery of the goods.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 3 year straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

JALCO PROJECTS LTD (REGISTERED NUMBER: 11340245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from other third parties.

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

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.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

JALCO PROJECTS LTD (REGISTERED NUMBER: 11340245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 70,800 158,380 700 229,880
Additions 17,436 20,500 - 37,936
At 31 March 2024 88,236 178,880 700 267,816
DEPRECIATION
At 1 April 2023 30,322 34,176 700 65,198
Charge for year 7,013 34,894 - 41,907
At 31 March 2024 37,335 69,070 700 107,105
NET BOOK VALUE
At 31 March 2024 50,901 109,810 - 160,711
At 31 March 2023 40,478 124,204 - 164,682

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 69,290
DEPRECIATION
At 1 April 2023 4,330
Charge for year 16,240
At 31 March 2024 20,570
NET BOOK VALUE
At 31 March 2024 48,720
At 31 March 2023 64,960

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 698,235 411,665
Other debtors 27,187 88,648
725,422 500,313

JALCO PROJECTS LTD (REGISTERED NUMBER: 11340245)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,820 5,820
Trade creditors 103,633 140,022
Taxation and social security 136,342 41,731
Other creditors 2,818 4,401
248,613 191,974

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 16,490 22,310

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 22,310 28,130