JK THERMAL INSULATION SERVICES LIMITED

Company Registration Number:
10239819 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

JK THERMAL INSULATION SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

JK THERMAL INSULATION SERVICES LIMITED

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 1,132,399 980,304
Cost of sales: ( 556,131 ) ( 551,730 )
Gross profit(or loss): 576,268 428,574
Administrative expenses: ( 538,373 ) ( 83,044 )
Other operating income: 7,249
Operating profit(or loss): 45,144 345,530
Interest receivable and similar income: 3,162 726
Interest payable and similar charges: ( 80 ) ( 334 )
Profit(or loss) before tax: 48,226 345,922
Tax: ( 18,619 ) ( 67,444 )
Profit(or loss) for the financial year: 29,607 278,478

JK THERMAL INSULATION SERVICES LIMITED

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 134,717 10,733
Total fixed assets: 134,717 10,733
Current assets
Debtors: 4 306,699 382,252
Cash at bank and in hand: 206,427 320,541
Total current assets: 513,126 702,793
Creditors: amounts falling due within one year: 5 ( 136,221 ) ( 164,638 )
Net current assets (liabilities): 376,905 538,155
Total assets less current liabilities: 511,622 548,888
Creditors: amounts falling due after more than one year: 6 ( 121,897 ) ( 8,750 )
Total net assets (liabilities): 389,725 540,138
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 389,625 540,038
Total Shareholders' funds: 389,725 540,138

The notes form part of these financial statements

JK THERMAL INSULATION SERVICES LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 January 2025
and signed on behalf of the board by:

Name: Kevin Williams
Status: Director

The notes form part of these financial statements

JK THERMAL INSULATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 20% Motor vehicles 20%

JK THERMAL INSULATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

JK THERMAL INSULATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 6,164 35,520 41,684
Additions 2,855 146,625 149,480
Disposals
Revaluations
Transfers
At 30 April 2024 9,019 182,145 191,164
Depreciation
At 1 May 2023 1,930 29,021 30,951
Charge for year 1,335 24,161 25,496
On disposals
Other adjustments
At 30 April 2024 3,265 53,182 56,447
Net book value
At 30 April 2024 5,754 128,963 134,717
At 30 April 2023 4,234 6,499 10,733

JK THERMAL INSULATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Trade debtors 232,072 330,136
Prepayments and accrued income 2,450
Other debtors 72,177 52,116
Total 306,699 382,252

JK THERMAL INSULATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 3,260 3,000
Amounts due under finance leases and hire purchase contracts 22,971
Trade creditors 1,016 78,369
Taxation and social security 101,736 74,736
Accruals and deferred income 1,190 840
Other creditors 6,048 7,693
Total 136,221 164,638

JK THERMAL INSULATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 5,309 8,750
Amounts due under finance leases and hire purchase contracts 116,588
Total 121,897 8,750