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REGISTERED NUMBER: 04492885 (England and Wales)















J.T.S. Gas And Electrical Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






J.T.S. Gas And Electrical Limited (Registered number: 04492885)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.T.S. Gas And Electrical Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J Tante





REGISTERED OFFICE: 104 Raikes Lane
Birstall
West Yorkshire
WF17 9QF





REGISTERED NUMBER: 04492885 (England and Wales)





ACCOUNTANTS: Howard & Co. Accountants LLP
6 Market Street
Birstall
West Yorkshire
WF17 9EN

J.T.S. Gas And Electrical Limited (Registered number: 04492885)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,699 5,931

CURRENT ASSETS
Stocks 814 825
Debtors 5 - 90
Cash at bank and in hand 21,216 16,776
22,030 17,691
CREDITORS
Amounts falling due within one year 6 10,198 11,236
NET CURRENT ASSETS 11,832 6,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,531

12,386

PROVISIONS FOR LIABILITIES 893 1,127
NET ASSETS 15,638 11,259

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,538 11,159
SHAREHOLDERS' FUNDS 15,638 11,259

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

J.T.S. Gas And Electrical Limited (Registered number: 04492885)

Balance Sheet - continued
31 July 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 director and authorised for issue on 12 November 2024 and were signed by:





J Tante - Director


J.T.S. Gas And Electrical Limited (Registered number: 04492885)

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


1. STATUTORY INFORMATION

J.T.S. Gas And Electrical 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.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 1 (2023 - 1 ) .

J.T.S. Gas And Electrical Limited (Registered number: 04492885)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 27,751
Additions 168
At 31 July 2024 27,919
DEPRECIATION
At 1 August 2023 21,820
Charge for year 1,400
At 31 July 2024 23,220
NET BOOK VALUE
At 31 July 2024 4,699
At 31 July 2023 5,931

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 90

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 84 323
Taxation and social security 4,416 6,240
Other creditors 5,698 4,673
10,198 11,236

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors: amounts falling due within one year were loans from the director of £4,319 (2023: £3,304). The loans were interest free, with no fixed date for repayment.