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REGISTERED NUMBER: 13206699 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

JDI HOLDINGS LTD

JDI HOLDINGS LTD (REGISTERED NUMBER: 13206699)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Balance sheet 1

Notes to the financial statements 2


JDI HOLDINGS LTD (REGISTERED NUMBER: 13206699)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
Current assets
Debtors 4 134,073 132,611
Cash at bank 3,038 501
137,111 133,112
Creditors
Amounts falling due within one year 5 13,615 13,054
Net current assets 123,496 120,058
Total assets less current liabilities 123,496 120,058

Creditors
Amounts falling due after more than one year 6 124,244 136,601
Net liabilities (748 ) (16,543 )

Capital and reserves
Called up share capital 8 4 4
Retained earnings (752 ) (16,547 )
Shareholders' funds (748 ) (16,543 )

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 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Mr I E Allcoat - Director


JDI HOLDINGS LTD (REGISTERED NUMBER: 13206699)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. Statutory information

JDI Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13206699. The registered office and business address is 27 Penybryn, Builth Wells, Wales, LD2 3LF

2. Accounting policies

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

The Company has made a profit during the year but has a deficiency of assets at the year end of £748. The Company is dependent upon the continued support of its directors. The directors have confirmed their support of the Company over the next 12 months, in order that it can meet its day to day working capital requirements

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.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Debtors: amounts falling due within one year
2024 2023
£    £   
Directors' current accounts 134,073 132,611

JDI HOLDINGS LTD (REGISTERED NUMBER: 13206699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. Creditors: amounts falling due within one year
2024 2023
£    £   
Other loans 12,356 11,380
Accruals and deferred income 1,259 1,674
13,615 13,054

6. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other loans - 1-2 years 13,381 12,355
Other loans - 2-5 years 47,165 43,547
Other loans more 5yrs instal 63,698 80,699
124,244 136,601

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 63,698 80,699

7. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 136,600 147,981

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4

1 Ordinary share issued at par for cash in the comparative year.

9. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr I E Allcoat
Balance outstanding at start of year 132,611 -
Amounts advanced 83,020 132,611
Amounts repaid (81,557 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 134,074 132,611

JDI HOLDINGS LTD (REGISTERED NUMBER: 13206699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. Directors' advances, credits and guarantees - continued

At the balance sheet date the Director, Mr Allcoat, owed the company £134,074. The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

10. Ultimate controlling party

The Company is under the control of the Directors who between them hold 100% of the issued voting share capital of the Company.