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REGISTERED NUMBER: 06594276 (England and Wales)












JRSW SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024






JRSW SERVICES LTD (REGISTERED NUMBER: 06594276)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JRSW SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: J A C Wright





SECRETARY: J A C Wright





REGISTERED OFFICE: Lower Coachlands Sageston
Sageston
Milton
Tenby
Pembrokeshire
SA70 8SB





REGISTERED NUMBER: 06594276 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB

JRSW SERVICES LTD (REGISTERED NUMBER: 06594276)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,619 -
Tangible assets 5 84,324 67,368
86,943 67,368

CURRENT ASSETS
Stocks 65,943 84,000
Debtors 6 166,457 128,841
Cash at bank and in hand 112,714 107,385
345,114 320,226
CREDITORS
Amounts falling due within one year 7 215,183 184,370
NET CURRENT ASSETS 129,931 135,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,874

203,224

CREDITORS
Amounts falling due after more than one
year

8

45,805

42,384
NET ASSETS 171,069 160,840

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 170,969 160,740
171,069 160,840

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

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

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 director and authorised for issue on 10 January 2025 and were signed by:





J A C Wright - Director


JRSW SERVICES LTD (REGISTERED NUMBER: 06594276)

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

1. STATUTORY INFORMATION

JRSW Services 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% reducing balance and 15% 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

JRSW SERVICES LTD (REGISTERED NUMBER: 06594276)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 3,274
At 31 May 2024 3,274
AMORTISATION
Charge for year 655
At 31 May 2024 655
NET BOOK VALUE
At 31 May 2024 2,619

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 157,583
Additions 53,169
Disposals (34,906 )
At 31 May 2024 175,846
DEPRECIATION
At 1 June 2023 90,215
Charge for year 23,647
Eliminated on disposal (22,340 )
At 31 May 2024 91,522
NET BOOK VALUE
At 31 May 2024 84,324
At 31 May 2023 67,368

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 165,308 128,841
Other debtors 1,149 -
166,457 128,841

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 11,660 11,961
Trade creditors 126,008 102,607
Taxation and social security 38,665 17,774
Other creditors 28,202 41,380
215,183 184,370

JRSW SERVICES LTD (REGISTERED NUMBER: 06594276)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,169 20,182
Hire purchase contracts 35,636 22,202
45,805 42,384

9. RELATED PARTY DISCLOSURES

During the year under review the company traded with PN & MF Merriman which is controlled by family members of Mr JAC Wright, a director.

The company paid - tractor diesel £1,292 (£419 2023) and annual rent of £2,400 (£2,400 2023)

10. ULTIMATE CONTROLLING PARTY

During the year under review the company was controlled by Mr J A C Wright, by virtue of his 60% holding of the issued share capital.