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REGISTERED NUMBER: 03995411 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

JSK ULTRASONICS LIMITED

JSK ULTRASONICS LIMITED (REGISTERED NUMBER: 03995411)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JSK ULTRASONICS LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S D Hinds
K T Crownshaw





REGISTERED OFFICE: Unit 14 Twizel Close
R024 Business Park
Stonebridge
Milton Keynes
Buckinghamshire
MK13 0DX





REGISTERED NUMBER: 03995411 (England and Wales)





ACCOUNTANTS: LSR Management Ltd
Unit C2A, Comet Studios
De Havilland Court
Penn Street
Amersham
Buckinghamshire
HP7 0PX

JSK ULTRASONICS LIMITED (REGISTERED NUMBER: 03995411)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,140,311 497,633

CURRENT ASSETS
Stocks 224,482 145,216
Debtors 5 79,311 87,449
Cash at bank and in hand 17,161 213,717
320,954 446,382
CREDITORS
Amounts falling due within one year 6 86,889 201,029
NET CURRENT ASSETS 234,065 245,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,374,376

742,986

CREDITORS
Amounts falling due after more than
one year

7

(208,788

)

(231,925

)

PROVISIONS FOR LIABILITIES (8,073 ) (12,058 )
NET ASSETS 1,157,515 499,003

JSK ULTRASONICS LIMITED (REGISTERED NUMBER: 03995411)

Balance Sheet - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 66 66
Revaluation reserve 8 679,848 (17,551 )
Retained earnings 477,601 516,488
SHAREHOLDERS' FUNDS 1,157,515 499,003

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2024 and were signed on its behalf by:





K T Crownshaw - Director


JSK ULTRASONICS LIMITED (REGISTERED NUMBER: 03995411)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

JSK Ultrasonics 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
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 ("FRS 102"), the financial reporting standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The Directors have assessed the company's ability to continue in operational existence for the foreseeable future in accordance with the FRC (going concern and liquidity risk guidance (October 2009). Therefore it is considered appropriate to prepare the financial statements on a going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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

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.


JSK ULTRASONICS LIMITED (REGISTERED NUMBER: 03995411)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

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.

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.

Going concern
The directors review the on going working capital of the company to ensure that there are sufficient resources to meet its financial liabilities to continue trading in the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 588,745 498,955 103,193 2,380 1,193,273
Additions - - - 1,911 1,911
Revaluations 522,605 163,019 - - 685,624
At 31 March 2024 1,111,350 661,974 103,193 4,291 1,880,808
DEPRECIATION
At 1 April 2023 154,575 448,987 91,285 793 695,640
Charge for year 11,775 29,230 2,977 875 44,857
At 31 March 2024 166,350 478,217 94,262 1,668 740,497
NET BOOK VALUE
At 31 March 2024 945,000 183,757 8,931 2,623 1,140,311
At 31 March 2023 434,170 49,968 11,908 1,587 497,633

JSK ULTRASONICS LIMITED (REGISTERED NUMBER: 03995411)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2024 1,111,350 661,974 103,193 4,291 1,880,808

If Freehold land and property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 588,745 588,745
Aggregate depreciation 166,350 154,575

Value of land in freehold land and buildings 422,395 434,170

Freehold land and property were valued on an open market basis on 10 June 2024 by Eddisons Limited .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 49,249 57,799
Tax 14,617 29,650
VAT 15,445 -
79,311 87,449

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,692 26,245
Trade creditors 39,821 141,745
Social security and other taxes 4,483 6,080
VAT - 26,959
Directors' current accounts 5,893 -
86,889 201,029

JSK ULTRASONICS LIMITED (REGISTERED NUMBER: 03995411)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Mortgage 208,788 231,925

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023 (17,551 )
Revaluation reserve 697,399

At 31 March 2024 679,848