IRIS Accounts Production v24.3.0.553 12627161 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh126271612023-05-31126271612024-05-31126271612023-06-012024-05-31126271612022-05-31126271612022-06-012023-05-31126271612023-05-3112627161ns15:EnglandWales2023-06-012024-05-3112627161ns14:PoundSterling2023-06-012024-05-3112627161ns10:Director12023-06-012024-05-3112627161ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3112627161ns10:SmallEntities2023-06-012024-05-3112627161ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3112627161ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3112627161ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3112627161ns10:FullAccounts2023-06-012024-05-311262716112023-06-012024-05-3112627161ns10:OrdinaryShareClass12023-06-012024-05-3112627161ns10:OrdinaryShareClass22023-06-012024-05-3112627161ns10:OrdinaryShareClass32023-06-012024-05-3112627161ns10:Director22023-06-012024-05-3112627161ns10:RegisteredOffice2023-06-012024-05-3112627161ns5:CurrentFinancialInstruments2024-05-3112627161ns5:CurrentFinancialInstruments2023-05-3112627161ns5:ShareCapital2024-05-3112627161ns5:ShareCapital2023-05-3112627161ns5:RetainedEarningsAccumulatedLosses2024-05-3112627161ns5:RetainedEarningsAccumulatedLosses2023-05-3112627161ns5:NetGoodwill2023-06-012024-05-3112627161ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3112627161ns5:NetGoodwill2023-05-3112627161ns5:NetGoodwill2024-05-3112627161ns5:NetGoodwill2023-05-3112627161ns5:PlantMachinery2023-06-012024-05-3112627161ns5:PlantMachinery2024-05-3112627161ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3112627161ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3112627161ns5:DeferredTaxation2023-05-3112627161ns5:DeferredTaxation2023-06-012024-05-3112627161ns5:DeferredTaxation2024-05-3112627161ns10:OrdinaryShareClass12024-05-3112627161ns10:OrdinaryShareClass22024-05-3112627161ns10:OrdinaryShareClass32024-05-31
REGISTERED NUMBER: 12627161 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

JX3 GROUP LTD

JX3 GROUP LTD (REGISTERED NUMBER: 12627161)

Contents of the Financial Statements
for the Year Ended 31st May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JX3 GROUP LTD

Company Information
for the Year Ended 31st May 2024







DIRECTORS: Mr JR Osborne
Mr J Osborne





REGISTERED OFFICE: Charnwood Perrymill Lane
Sambourne
Redditch
Warwickshire
B96 6PD





REGISTERED NUMBER: 12627161 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

JX3 GROUP LTD (REGISTERED NUMBER: 12627161)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,127 34,860
Tangible assets 5 2,661 -
32,788 34,860

CURRENT ASSETS
Debtors 6 25,968 22,297
Cash at bank 37,400 21,331
63,368 43,628
CREDITORS
Amounts falling due within one year 7 142,455 125,622
NET CURRENT LIABILITIES (79,087 ) (81,994 )
TOTAL ASSETS LESS CURRENT LIABILITIES (46,299 ) (47,134 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (46,399 ) (47,234 )
SHAREHOLDERS' FUNDS (46,299 ) (47,134 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

JX3 GROUP LTD (REGISTERED NUMBER: 12627161)

Balance Sheet - continued
31st May 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 Board of Directors and authorised for issue on 29th November 2024 and were signed on its behalf by:





Mr J Osborne - Director


JX3 GROUP LTD (REGISTERED NUMBER: 12627161)

Notes to the Financial Statements
for the Year Ended 31st May 2024


1. STATUTORY INFORMATION

JX3 Group Ltd 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.

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 2021, is being amortised evenly over its estimated useful life of ten 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.

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.

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.

JX3 GROUP LTD (REGISTERED NUMBER: 12627161)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 47,325
AMORTISATION
At 1st June 2023 12,465
Amortisation for year 4,733
At 31st May 2024 17,198
NET BOOK VALUE
At 31st May 2024 30,127
At 31st May 2023 34,860

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,548
At 31st May 2024 3,548
DEPRECIATION
Charge for year 887
At 31st May 2024 887
NET BOOK VALUE
At 31st May 2024 2,661

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,488 11,043
Deferred tax asset 6,053 8,155
Prepayments 2,427 3,099
25,968 22,297

JX3 GROUP LTD (REGISTERED NUMBER: 12627161)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 27,003 17,120
Social security and other taxes 7,843 3,691
VAT 4,595 2,533
Other creditors 80,357 85,968
Net wages (206 ) -
Directors' loan accounts 9,980 9,980
Deferred income 12,883 6,330
142,455 125,622

8. DEFERRED TAX
£   
Balance at 1st June 2023 (8,155 )
Provided during year 2,102
Balance at 31st May 2024 (6,053 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
35 Ordinary A 1 35 35
35 Ordinary B 1 35 35
30 Ordinary C 1 30 30
100 100