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REGISTERED NUMBER: 02707870 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

JSP Aluminium Limited

JSP Aluminium Limited (Registered number: 02707870)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JSP Aluminium Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S Gorasia
Mrs S Gorasia
P Gorasia





SECRETARY: S Gorasia





REGISTERED OFFICE: Unit 29
Popin Buildings
Southway
Wembley
Middlesex
HAP 0HB





REGISTERED NUMBER: 02707870 (England and Wales)





ACCOUNTANTS: Tanna & Co
Chartered Accountants
Lynx House
Ferndown
Northwood
Middlesex
HA6 1PQ

JSP Aluminium Limited (Registered number: 02707870)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,240 97,180

CURRENT ASSETS
Stocks 125,740 164,500
Debtors 5 607,239 321,101
Cash at bank 285,730 513,194
1,018,709 998,795
CREDITORS
Amounts falling due within one year 6 245,214 319,244
NET CURRENT ASSETS 773,495 679,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

884,735

776,731

CREDITORS
Amounts falling due after more than one
year

7

60,532

70,609
NET ASSETS 824,203 706,122

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 823,203 705,122
SHAREHOLDERS' FUNDS 824,203 706,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

JSP Aluminium Limited (Registered number: 02707870)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





P Gorasia - Director


JSP Aluminium Limited (Registered number: 02707870)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

JSP Aluminium 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.

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 etc - 25% 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.

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.

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.

JSP Aluminium Limited (Registered number: 02707870)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 183,265
Additions 51,213
At 30 April 2024 234,478
DEPRECIATION
At 1 May 2023 86,085
Charge for year 37,153
At 30 April 2024 123,238
NET BOOK VALUE
At 30 April 2024 111,240
At 30 April 2023 97,180

Fixed assets, included in the above, which are held under finance leases are as follows:
Plant and
machinery
£   
COST
At 1 May 2023 78,957
Additions 49,172
At 30 April 2024 128,129
DEPRECIATION
At 1 May 2023 7,136
Charge for year 25,814
Transfer to ownership 17,955
At 30 April 2024 50,905
NET BOOK VALUE
At 30 April 2024 77,224
At 30 April 2023 71,821

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 261,238 321,101
Other debtors 346,001 -
607,239 321,101

JSP Aluminium Limited (Registered number: 02707870)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Finance leases 17,837 11,252
Trade creditors 108,689 59,567
Taxation and social security 80,925 (32,792 )
Other creditors 27,763 271,217
245,214 319,244

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,833 20,834
Finance leases 49,699 49,775
60,532 70,609

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 May 2023 705,122
Profit for the year 178,081
Dividends (60,000 )
At 30 April 2024 823,203

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company occupies the premises at unit 29, Popin Buildings, Wembley, Middlesex HA9 0HB at
an annual rental of £NIL. The property is owned by Mrs S Gorasia.

11. RELATED PARTY DISCLOSURES

The company purchased goods and services amounting to £117,166and sold goods amounting to £301,248 from/to a business controlled by the directors.