0 30/11/2023 2023-11-30 false false false false true false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-05-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 14033745 2023-05-01 2023-11-30 14033745 2023-11-30 14033745 2023-04-30 14033745 2022-05-01 2023-04-30 14033745 2023-04-30 14033745 2022-04-30 14033745 bus:RegisteredOffice 2023-05-01 2023-11-30 14033745 bus:LeadAgentIfApplicable 2023-05-01 2023-11-30 14033745 bus:Director1 2023-05-01 2023-11-30 14033745 bus:Director2 2023-05-01 2023-11-30 14033745 bus:Director3 2023-05-01 2023-11-30 14033745 core:WithinOneYear 2023-11-30 14033745 core:WithinOneYear 2023-04-30 14033745 core:ShareCapital 2022-05-01 2023-04-30 14033745 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 14033745 core:RetainedEarningsAccumulatedLosses 2023-05-01 2023-11-30 14033745 core:ShareCapital 2023-11-30 14033745 core:ShareCapital 2023-04-30 14033745 core:RetainedEarningsAccumulatedLosses 2023-11-30 14033745 core:RetainedEarningsAccumulatedLosses 2023-04-30 14033745 bus:SmallEntities 2023-05-01 2023-11-30 14033745 bus:Audited 2023-05-01 2023-11-30 14033745 bus:FullAccounts 2023-05-01 2023-11-30 14033745 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2023-11-30 14033745 bus:PrivateLimitedCompanyLtd 2023-05-01 2023-11-30
Company registration number: 14033745
JPK Supplies Limited
Filleted financial statements
30 November 2023
JPK Supplies Limited
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Statement of changes in equity
Notes to the financial statements
JPK Supplies Limited
Directors and other information
Directors Mrs J Jump
Mr C A Pugh
Mrs J I M Pugh
Company number 14033745
Registered office Unit 900 Castlegate Business Park
Caldicot
Monmouthshire
NP26 5YR
Auditor Leftley Rowe & Company
Second Floor
87 Kenton Road
Kenton, Harrow
Middlesex
HA3 0AH
Bankers HSBC Bank PLC
56 Queen Street
South Glamorgan
Cardiff
CF10 2PX
JPK Supplies Limited
Directors responsibilities statement
Period ended 30 November 2023
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
JPK Supplies Limited
Statement of financial position
30 November 2023
30/11/23 30/04/23
Note £ £ £ £
Current assets
Debtors 5 764,430 391,034
Cash at bank and in hand 9,000 21,013
_______ _______
773,430 412,047
Creditors: amounts falling due
within one year 6 ( 188,632) ( 264,887)
_______ _______
Net current assets 584,798 147,160
_______ _______
Total assets less current liabilities 584,798 147,160
_______ _______
Net assets 584,798 147,160
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 584,698 147,060
_______ _______
Shareholders funds 584,798 147,160
_______ _______
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.
These financial statements were approved by the board of directors and authorised for issue on 09 August 2024 , and are signed on behalf of the board by:
Mrs J I M Pugh
Director
Company registration number: 14033745
JPK Supplies Limited
Statement of changes in equity
Period ended 30 November 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 May 2022 - - -
Profit for the period 147,060 147,060
_______ _______ _______
Total comprehensive income for the period - 147,060 147,060
Issue of shares 100 100
_______ _______ _______
Total investments by and distributions to owners 100 - 100
_______ _______ _______
At 30 April 2023 and 1 May 2023 100 147,060 147,160
Profit for the period 437,638 437,638
_______ _______ _______
Total comprehensive income for the period - 437,638 437,638
_______ _______ _______
At 30 November 2023 100 584,698 584,798
_______ _______ _______
JPK Supplies Limited
Notes to the financial statements
Period ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 900 Castlegate Business Park, Caldicot, Monmouthshire, NP26 5YR.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
4. Employee numbers
The average number of persons employed by the company during the period amounted to Nil (2023: Nil).
5. Debtors
30/11/23 30/04/23
£ £
Trade debtors 290,440 259,758
Amounts owed by group undertakings and undertakings in which the company has a participating interest 423,626 131,276
Other debtors 50,364 -
_______ _______
764,430 391,034
_______ _______
6. Creditors: amounts falling due within one year
30/11/23 30/04/23
£ £
Bank loans and overdrafts 157,237 167,646
Trade creditors 14,273 49,237
Corporation tax 7,112 35,741
Social security and other taxes - 5,462
Other creditors 10,010 6,801
_______ _______
188,632 264,887
_______ _______
The bank loans are secured by a charge over the company's assets.
7. Summary audit opinion
The auditor's report for the period dated 09 August 2024 was unqualified.
The senior statutory auditor was Hussein Alibhai for and on behalf of Leftley Rowe & Company
8. Ultimate parent undertaking
The parent company is Wunda Group plc, a company incorporated in England & Wales.