IRIS Accounts Production v24.3.0.553 04277177 director 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042771772023-08-31042771772024-08-31042771772023-09-012024-08-31042771772022-08-31042771772022-09-012023-08-31042771772023-08-3104277177ns15:EnglandWales2023-09-012024-08-3104277177ns14:PoundSterling2023-09-012024-08-3104277177ns10:Director12023-09-012024-08-3104277177ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3104277177ns10:SmallEntities2023-09-012024-08-3104277177ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3104277177ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3104277177ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3104277177ns10:FullAccounts2023-09-012024-08-3104277177ns10:OrdinaryShareClass12023-09-012024-08-3104277177ns10:CompanySecretary12023-09-012024-08-3104277177ns10:RegisteredOffice2023-09-012024-08-3104277177ns5:CurrentFinancialInstruments2024-08-3104277177ns5:CurrentFinancialInstruments2023-08-3104277177ns5:Non-currentFinancialInstruments2024-08-3104277177ns5:Non-currentFinancialInstruments2023-08-3104277177ns5:ShareCapital2024-08-3104277177ns5:ShareCapital2023-08-3104277177ns5:RetainedEarningsAccumulatedLosses2024-08-3104277177ns5:RetainedEarningsAccumulatedLosses2023-08-3104277177ns5:PlantMachinery2023-09-012024-08-3104277177ns5:FurnitureFittings2023-09-012024-08-3104277177ns5:MotorVehicles2023-09-012024-08-3104277177ns5:PlantMachinery2023-08-3104277177ns5:FurnitureFittings2023-08-3104277177ns5:MotorVehicles2023-08-3104277177ns5:PlantMachinery2024-08-3104277177ns5:FurnitureFittings2024-08-3104277177ns5:MotorVehicles2024-08-3104277177ns5:PlantMachinery2023-08-3104277177ns5:FurnitureFittings2023-08-3104277177ns5:MotorVehicles2023-08-3104277177ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3104277177ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-012024-08-3104277177ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-08-3104277177ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3104277177ns5:CostValuation2024-08-3104277177ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3104277177ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3104277177ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 04277177 (England and Wales)












JED PROPERTY SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






JED PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04277177)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JED PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr J Davies





SECRETARY: Mrs S Davies





REGISTERED OFFICE: Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT





REGISTERED NUMBER: 04277177 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

JED PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04277177)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,200 7,636
Investments 5 50 50
29,250 7,686

CURRENT ASSETS
Stocks 22,785 2,545
Debtors 6 204,648 272,329
Cash at bank 138,236 73,379
365,669 348,253
CREDITORS
Amounts falling due within one year 7 220,012 188,947
NET CURRENT ASSETS 145,657 159,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,907

166,992

CREDITORS
Amounts falling due after more than one
year

8

18,018

18,333
NET ASSETS 156,889 148,659

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 156,887 148,657
SHAREHOLDERS' FUNDS 156,889 148,659

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JED PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04277177)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 20 December 2024 and were signed by:





Mr J Davies - Director


JED PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04277177)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

JED Property Services 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.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Preparation of consolidated financial statements
The financial statements contain information about JED Property Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% reducing balance
Equipment - 33% on reducing balance
Motor vehicles - 25% reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowances for obsolete and slow moving items.

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.


JED PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04277177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery Equipment vehicles Totals
£    £    £    £   
COST
At 1 September 2023 6,069 6,362 24,636 37,067
Additions 7,819 - 28,748 36,567
Disposals (2,905 ) (3,197 ) (24,636 ) (30,738 )
At 31 August 2024 10,983 3,165 28,748 42,896
DEPRECIATION
At 1 September 2023 3,494 5,686 20,251 29,431
Charge for year 2,398 223 7,187 9,808
Eliminated on disposal (2,101 ) (3,191 ) (20,251 ) (25,543 )
At 31 August 2024 3,791 2,718 7,187 13,696
NET BOOK VALUE
At 31 August 2024 7,192 447 21,561 29,200
At 31 August 2023 2,575 676 4,385 7,636

JED PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04277177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 24,636
Additions 28,748
Disposals (24,636 )
At 31 August 2024 28,748
DEPRECIATION
At 1 September 2023 14,242
Charge for year 13,197
Eliminated on disposal (20,251 )
At 31 August 2024 7,188
NET BOOK VALUE
At 31 August 2024 21,560
At 31 August 2023 10,394

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 September 2023
and 31 August 2024 50
NET BOOK VALUE
At 31 August 2024 50
At 31 August 2023 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 183,638 244,433
Amounts owed by group undertakings 20,166 27,896
Other debtors 844 -
204,648 272,329

JED PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04277177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,003 10,003
Hire purchase contracts and finance leases 3,875 -
Trade creditors 38,123 1,945
Taxation and social security 87,070 124,226
Other creditors 80,941 52,773
220,012 188,947

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,333 18,333
Hire purchase contracts and finance leases 9,685 -
18,018 18,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2