IRIS Accounts Production v24.3.0.553 05289469 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052894692022-11-30052894692023-11-30052894692022-12-012023-11-30052894692021-11-30052894692021-12-012022-11-30052894692022-11-3005289469ns15:EnglandWales2022-12-012023-11-3005289469ns14:PoundSterling2022-12-012023-11-3005289469ns10:Director12022-12-012023-11-3005289469ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3005289469ns10:SmallEntities2022-12-012023-11-3005289469ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3005289469ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3005289469ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3005289469ns10:FullAccounts2022-12-012023-11-3005289469ns10:OrdinaryShareClass12022-12-012023-11-3005289469ns10:Director22022-12-012023-11-3005289469ns10:CompanySecretary12022-12-012023-11-3005289469ns10:RegisteredOffice2022-12-012023-11-3005289469ns5:CurrentFinancialInstruments2023-11-3005289469ns5:CurrentFinancialInstruments2022-11-3005289469ns5:ShareCapital2023-11-3005289469ns5:ShareCapital2022-11-3005289469ns5:SharePremium2023-11-3005289469ns5:SharePremium2022-11-3005289469ns5:CapitalRedemptionReserve2023-11-3005289469ns5:CapitalRedemptionReserve2022-11-3005289469ns5:RetainedEarningsAccumulatedLosses2023-11-3005289469ns5:RetainedEarningsAccumulatedLosses2022-11-3005289469ns5:PlantMachinery2022-11-3005289469ns5:MotorVehicles2022-11-3005289469ns5:ComputerEquipment2022-11-3005289469ns5:PlantMachinery2022-12-012023-11-3005289469ns5:MotorVehicles2022-12-012023-11-3005289469ns5:ComputerEquipment2022-12-012023-11-3005289469ns5:PlantMachinery2023-11-3005289469ns5:MotorVehicles2023-11-3005289469ns5:ComputerEquipment2023-11-3005289469ns5:PlantMachinery2022-11-3005289469ns5:MotorVehicles2022-11-3005289469ns5:ComputerEquipment2022-11-3005289469ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3005289469ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-3005289469ns5:WithinOneYear2023-11-3005289469ns5:WithinOneYear2022-11-3005289469ns5:BetweenOneFiveYears2023-11-3005289469ns5:BetweenOneFiveYears2022-11-3005289469ns5:AllPeriods2023-11-3005289469ns5:AllPeriods2022-11-3005289469ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 05289469 (England and Wales)















JTL Fire Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






JTL Fire Limited (Registered number: 05289469)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JTL Fire Limited

Company Information
for the year ended 30 November 2023







Directors: C M Murray
C M E Murray





Secretary: J Murray





Registered office: Unit 11
LDL Business Park
Station Road West
Ash Vale
Surrey
GU12 5RT





Registered number: 05289469 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

JTL Fire Limited (Registered number: 05289469)

Balance Sheet
30 November 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 75,410 33,580

Current assets
Stocks 12,000 10,508
Debtors 5 1,530,073 1,406,897
Cash at bank and in hand 476,745 133,561
2,018,818 1,550,966
Creditors
Amounts falling due within one year 6 783,406 449,074
Net current assets 1,235,412 1,101,892
Total assets less current liabilities 1,310,822 1,135,472

Provisions for liabilities 18,853 8,395
Net assets 1,291,969 1,127,077

Capital and reserves
Called up share capital 8 3,304 3,304
Share premium 70 70
Capital redemption reserve 2,202 2,202
Retained earnings 1,286,393 1,121,501
Shareholders' funds 1,291,969 1,127,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





C M Murray - Director


JTL Fire Limited (Registered number: 05289469)

Notes to the Financial Statements
for the year ended 30 November 2023


1. Statutory information

JTL Fire 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 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 pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;

- the Company retains neither continuing managerial involvement to the degree usually associated with
ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Motor vehicles4 years
Plant and machinery3 years
Computer software5 years


JTL Fire Limited (Registered number: 05289469)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


2. Accounting policies - continued
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Statement.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of note more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.


JTL Fire Limited (Registered number: 05289469)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


2. Accounting policies - continued
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.

Operating leases
Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight line basis over the lease term.

Pensions
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in an independently administered fund.

Provisions for liabilities
Provision are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Profit and Loss Statement in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payment are eventually made, they are changed to the provision carried in the Balance sheet.

3. Employees and directors

The average number of employees during the year was 10 (2022 - 8 ) .

JTL Fire Limited (Registered number: 05289469)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
Cost
At 1 December 2022 83,209 142,701 17,387 243,297
Additions - 67,446 2,809 70,255
Disposals - (46,191 ) - (46,191 )
At 30 November 2023 83,209 163,956 20,196 267,361
Depreciation
At 1 December 2022 78,519 119,065 12,133 209,717
Charge for year 4,690 19,313 4,422 28,425
Eliminated on disposal - (46,191 ) - (46,191 )
At 30 November 2023 83,209 92,187 16,555 191,951
Net book value
At 30 November 2023 - 71,769 3,641 75,410
At 30 November 2022 4,690 23,636 5,254 33,580

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 873,268 748,214
Amounts recoverable on long term contracts 351,055 275,042
Other debtors 305,750 383,641
1,530,073 1,406,897

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 377,367 144,211
Taxation and social security 161,840 129,336
Other creditors 244,199 175,527
783,406 449,074

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 25,125 35,545
Between one and five years 1,125 26,250
26,250 61,795

JTL Fire Limited (Registered number: 05289469)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
3,304 Ordinary £1 3,304 3,304

9. Related party disclosures

At the year end an amount of £16,607 (2022 - £16,607) was owed to the company by a director. The maximum amount outstanding during the year is £16,607.