JKP Engineering Limited |
Notes to the Accounts |
for the year ended 29 April 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is derived soley from rental income. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows: |
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Plant and machinery |
20% Straight Line |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. |
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2 |
Employees |
2024 |
|
2023 |
Number |
Number |
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Average number of persons employed by the company |
2 |
|
2 |
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3 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Total |
£ |
£ |
£ |
|
Cost |
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At 30 April 2023 |
193,406 |
|
3,878 |
|
197,284 |
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At 29 April 2024 |
193,406 |
|
3,878 |
|
197,284 |
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|
|
|
|
|
|
|
|
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Depreciation |
|
At 30 April 2023 |
- |
|
3,878 |
|
3,878 |
|
At 29 April 2024 |
- |
|
3,878 |
|
3,878 |
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|
|
|
|
|
|
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|
Net book value |
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At 29 April 2024 |
193,406 |
|
- |
|
193,406 |
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At 29 April 2023 |
193,406 |
|
- |
|
193,406 |
|
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Corporation tax |
2,168 |
|
875 |
|
Other creditors |
86,335 |
|
95,318 |
|
|
|
|
|
|
88,503 |
|
96,193 |
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5 |
Other information |
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JKP Engineering Limited is a private company limited by shares and incorporated in Scotland. Its registered office is: |
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66 Duncanson Drive |
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Burntisland |
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Fife |
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KY3 9JS |