Company registration number 10227624 (England and Wales)
JFC (Yorkshire) Ltd
Unaudited
financial statements
for the year ended 30 June 2024
PAGES FOR FILING WITH REGISTRAR
JFC (Yorkshire) Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
JFC (Yorkshire) Ltd
Statement Of Financial Position
as at 30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,548
4,549
Current assets
Debtors
15,720
17,263
Cash at bank and in hand
8,385
1,827
24,105
19,090
Creditors: amounts falling due within one year
(21,997)
(20,775)
Net current assets/(liabilities)
2,108
(1,685)
Net assets
5,656
2,864
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
5,655
2,863
Total equity
5,656
2,864
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 20 November 2024
P Cunningham
Director
Company Registration No. 10227624
JFC (Yorkshire) Ltd
Notes to the financial statements
for the year ended 30 June 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The total turnover of the company for the period has been derived from its principal activity wholly undertaken in the UK.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
20% reducing balance
Motor vehicles
25% reducing balance
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
JFC (Yorkshire) Ltd
Notes to the financial statements (continued)
for the year ended 30 June 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2023 and 30 June 2024
4,471
13,700
18,171
Depreciation and impairment
At 1 July 2023
1,750
11,872
13,622
Depreciation charged in the year
544
457
1,001
At 30 June 2024
2,294
12,329
14,623
Carrying amount
At 30 June 2024
2,177
1,371
3,548
At 30 June 2023
2,721
1,828
4,549
4
Company information
JFC (Yorkshire) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, Sharp lane, Robin Hood, Wakefield, West Yorkshire, WF3 3AJ.