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REGISTERED NUMBER: 04193879 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

JSS (SOUTH EAST) LIMITED

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)






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


JSS (SOUTH EAST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: A C Hancock
JJ Wilmoth





SECRETARY: A C Hancock





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 04193879 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 55,747 -
Tangible assets 5 235,568 214,846
Investments 6 - 32,186
291,315 247,032

CURRENT ASSETS
Debtors 7 310,175 635,123
Cash at bank and in hand 33,450 128,346
343,625 763,469
CREDITORS
Amounts falling due within one year 8 (466,804 ) (537,469 )
NET CURRENT (LIABILITIES)/ASSETS (123,179 ) 226,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,136

473,032

CREDITORS
Amounts falling due after more than one
year

9

(152,648

)

(172,317

)
NET ASSETS 15,488 300,715

CAPITAL AND RESERVES
Called up share capital 12 85 85
Fair value reserve 13 31,021 14,616
Retained earnings (15,618 ) 286,014
SHAREHOLDERS' FUNDS 15,488 300,715

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.

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





A C Hancock - Director


JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

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

1. STATUTORY INFORMATION

JSS (South East) 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 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 as modified by the revaluation of certain assets.

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 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - in accordance with the property
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously


JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

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

2. ACCOUNTING POLICIES - continued
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
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2023 - 62 ) .

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 69,683
At 29 February 2024 69,683
AMORTISATION
Charge for year 13,936
At 29 February 2024 13,936
NET BOOK VALUE
At 29 February 2024 55,747

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 March 2023 173,979 33,567 100,895 46,435 354,876
Revaluations 31,021 - - - 31,021
At 29 February 2024 205,000 33,567 100,895 46,435 385,897
DEPRECIATION
At 1 March 2023 - 26,595 67,598 45,837 140,030
Charge for year - 1,395 8,324 580 10,299
At 29 February 2024 - 27,990 75,922 46,417 150,329
NET BOOK VALUE
At 29 February 2024 205,000 5,577 24,973 18 235,568
At 28 February 2023 173,979 6,972 33,297 598 214,846

Cost or valuation at 29 February 2024 is represented by:

Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2024 31,021 - - - 31,021
Cost 173,979 33,567 100,895 46,435 354,876
205,000 33,567 100,895 46,435 385,897

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
Reclassification/transfer 61,195
At 29 February 2024 61,195
DEPRECIATION
Charge for year 7,634
Reclassification/transfer 30,659
At 29 February 2024 38,293
NET BOOK VALUE
At 29 February 2024 22,902

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 March 2023 32,186
Disposals (32,186 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 32,186

Cost or valuation at 29 February 2024 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2017 15,000 40,000 55,000
Valuation in 2018 60,495 (20,000 ) 40,495
Valuation in 2019 (13,490 ) - (13,490 )
Valuation in 2020 (28,636 ) - (28,636 )
Valuation in 2021 16,330 - 16,330
Valuation in 2022 (5,917 ) (20,000 ) (25,917 )
Valuation in 2023 (11,596 ) - (11,596 )
32,186 - 32,186

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

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

6. FIXED ASSET INVESTMENTS - continued

Unlisted investment
The company holds 20% of the issued share capital of The Plough (Cock Marling) Limited, a company in which Mr A Hancock is also a director.

Listed investment
The company held an investment in Agents Mutual Limited. The investment was transferred to On The Market Plc on 9 February 2018 and is listed on AIM stock exchange.The company sold all of it's shares on 26 May 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,345 49,662
Amounts owed by group undertakings 198,949 573,112
Other debtors 78,881 12,349
310,175 635,123

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 279,194 158,528
Hire purchase contracts (see note 10) 8,322 -
Trade creditors 53,036 55,690
Taxation and social security 59,674 110,147
Other creditors 66,578 213,104
466,804 537,469

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 127,758 93,333
Hire purchase contracts (see note 10) 24,890 -
Other creditors - 78,984
152,648 172,317

JSS (SOUTH EAST) LIMITED (REGISTERED NUMBER: 04193879)

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

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 8,322 -
Between one and five years 24,890 -
33,212 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 52,000 60,000
Between one and five years 11,667 63,667
63,667 123,667

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 196,272 133,333

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
65 Ordinary A Shares £1 65 65
10 Ordinary B Shares £1 10 10
10 Ordinary C shares £1 10 10
85 85

13. RESERVES
Fair
value
reserve
£   
At 1 March 2023 14,616
Investments revalued 16,405

At 29 February 2024 31,021