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REGISTERED NUMBER: 08409487 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

JZP Limited

JZP Limited (Registered number: 08409487)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JZP Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J Powell





SECRETARY: J Powell





REGISTERED OFFICE: 21 Gold Tops
Newport
South Wales
NP20 4PG





REGISTERED NUMBER: 08409487 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

JZP Limited (Registered number: 08409487)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 63,734 34,566
63,734 34,566

CURRENT ASSETS
Stocks 7 100,854 155,375
Debtors 8 369,155 314,342
Cash at bank 586,698 649,051
1,056,707 1,118,768
CREDITORS
Amounts falling due within one year 9 289,217 429,857
NET CURRENT ASSETS 767,490 688,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

831,224

723,477

PROVISIONS FOR LIABILITIES 15,934 6,568
NET ASSETS 815,290 716,909

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 815,190 716,809
SHAREHOLDERS' FUNDS 815,290 716,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

JZP Limited (Registered number: 08409487)

Balance Sheet - continued
29 February 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 director and authorised for issue on 26 November 2024 and were signed by:





J Powell - Director


JZP Limited (Registered number: 08409487)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

JZP 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.

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


JZP Limited is a private company, limited by shares and is incorporated in England and Wales. The company's registered number is 08409487, the address of its registered office is 21 Gold Tops, Newport, South Wales, NP20 4PG and the principle place of business is Unit D Llancayo Farm, Llancayo, NP15 1HY

These financial statements are the company's separate financial statements, covering the year to 28 February 2021 and are presented in Sterling (£), the company's functional currency, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the presentation of these financial statements are set out
below. These policies have been consistently applied to all periods presented unless otherwise stated.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with its parent company.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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 - 25% on cost and 20% on cost

JZP Limited (Registered number: 08409487)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

JZP Limited (Registered number: 08409487)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 50,000
AMORTISATION
At 1 March 2023
and 29 February 2024 50,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 167,490
Additions 39,879
At 29 February 2024 207,369
DEPRECIATION
At 1 March 2023 132,924
Charge for year 10,711
At 29 February 2024 143,635
NET BOOK VALUE
At 29 February 2024 63,734
At 28 February 2023 34,566

7. STOCKS
29.2.24 28.2.23
£    £   
Stocks 75,000 50,200
Work-in-progress 25,854 105,175
100,854 155,375

JZP Limited (Registered number: 08409487)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 355,159 300,997
Other debtors 13,996 13,345
369,155 314,342

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 158,664 284,250
Amounts owed to group undertakings 17,000 17,000
Taxation and social security 99,827 121,298
Other creditors 13,726 7,309
289,217 429,857

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary 1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company has made advances to its director with an aggregate value of £93,999 (2022- £71,079). These have been offset by capital injections such that at the year end there was a balance of £7,720 (2022- £200) due to the director.
Loans to and from the director are treated as being repayable on demand and no interest is charged.