JSA Rope Access Ltd 12282545 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is Rope Access Digita Accounts Production Advanced 6.30.9574.0 true true 12282545 2023-11-01 2024-10-31 12282545 2024-10-31 12282545 bus:OrdinaryShareClass1 2024-10-31 12282545 core:RetainedEarningsAccumulatedLosses 2024-10-31 12282545 core:ShareCapital 2024-10-31 12282545 core:CurrentFinancialInstruments 2024-10-31 12282545 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 12282545 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 12282545 core:MotorVehicles 2024-10-31 12282545 bus:SmallEntities 2023-11-01 2024-10-31 12282545 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12282545 bus:AbridgedAccounts 2023-11-01 2024-10-31 12282545 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12282545 bus:RegisteredOffice 2023-11-01 2024-10-31 12282545 bus:Director1 2023-11-01 2024-10-31 12282545 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 12282545 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12282545 bus:Agent1 2023-11-01 2024-10-31 12282545 core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 12282545 core:ShareCapital 2023-11-01 2024-10-31 12282545 core:MotorVehicles 2023-11-01 2024-10-31 12282545 countries:England 2023-11-01 2024-10-31 12282545 2023-10-31 12282545 core:RetainedEarningsAccumulatedLosses 2023-10-31 12282545 core:ShareCapital 2023-10-31 12282545 core:MotorVehicles 2023-10-31 12282545 2022-11-01 2023-10-31 12282545 2023-10-31 12282545 bus:OrdinaryShareClass1 2023-10-31 12282545 core:CurrentFinancialInstruments 2023-10-31 12282545 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12282545 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 12282545 core:MotorVehicles 2023-10-31 12282545 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 12282545 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 12282545 core:ShareCapital 2022-11-01 2023-10-31 12282545 2022-10-31 12282545 core:RetainedEarningsAccumulatedLosses 2022-10-31 12282545 core:ShareCapital 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12282545

JSA Rope Access Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 October 2024

 

JSA Rope Access Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 12

 

JSA Rope Access Ltd

Company Information

Director

Mr James Scott Aitchison

Registered office

23 Dale Road
Darlington
DL3 8LX

Accountants

SM Accountancy
Chartered Certified
Willow Barn
Low Pla‌ins Court
Calthwaite
Cumbria
CA11 9RQ

 

JSA Rope Access Ltd

Director's Report for the Year Ended 31 October 2024

The director presents his report and the abridged financial statements for the year ended 31 October 2024.

Director of the company

The director who held office during the year was as follows:

Mr James Scott Aitchison

Principal activity

The principal activity of the company is Rope Access

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 21 November 2024
 

.........................................
Mr James Scott Aitchison
Director

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
JSA Rope Access Ltd
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JSA Rope Access Ltd for the year ended 31 October 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of JSA Rope Access Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of JSA Rope Access Ltd and state those matters that we have agreed to state to the Board of Directors of JSA Rope Access Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JSA Rope Access Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that JSA Rope Access Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of JSA Rope Access Ltd. You consider that JSA Rope Access Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of JSA Rope Access Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

SM Accountancy
Chartered Certified
Willow Barn
Low Pla‌ins Court
Calthwaite
Cumbria
CA11 9RQ

21 November 2024

 

JSA Rope Access Ltd

Abridged Profit and Loss Account for the Year Ended 31 October 2024

Note

2024
£

2023
£

Gross profit

 

82,114

72,257

Administrative expenses

 

(54,446)

(46,097)

Profit before tax

4

27,668

26,160

Tax on profit

 

(6,340)

(6,006)

Profit for the financial year

 

21,328

20,154

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

JSA Rope Access Ltd

Statement of Comprehensive Income for the Year Ended 31 October 2024

2024
£

2023
£

Profit for the year

21,328

20,154

Total comprehensive income for the year

21,328

20,154

 

JSA Rope Access Ltd

(Registration number: 12282545)
Abridged Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

8,081

14,917

Current assets

 

Debtors

6

25,570

-

Cash at bank and in hand

 

14,144

43,523

 

39,714

43,523

Creditors: Amounts falling due within one year

(8,408)

(10,297)

Net current assets

 

31,306

33,226

Total assets less current liabilities

 

39,387

48,143

Creditors: Amounts falling due after more than one year

-

(84)

Net assets

 

39,387

48,059

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

39,386

48,058

Shareholders' funds

 

39,387

48,059

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 21 November 2024
 

.........................................
Mr James Scott Aitchison
Director

 

JSA Rope Access Ltd

Statement of Changes in Equity for the Year Ended 31 October 2024

Share capital
£

Retained earnings
£

Total
£

At 1 November 2023

-

48,058

48,058

Profit for the year

-

21,328

21,328

Dividends

-

(30,000)

(30,000)

New share capital subscribed

1

-

1

At 31 October 2024

1

39,386

39,387

Share capital
£

Retained earnings
£

Total
£

At 1 November 2022

-

49,904

49,904

Profit for the year

-

20,154

20,154

Dividends

-

(22,000)

(22,000)

New share capital subscribed

1

-

1

At 31 October 2023

1

48,058

48,059

 

JSA Rope Access Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
23 Dale Road
Darlington
DL3 8LX

These financial statements were authorised for issue by the director on 21 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

JSA Rope Access Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Van

20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

JSA Rope Access Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

6,837

6,836

5

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

34,182

34,182

At 31 October 2024

34,182

34,182

Depreciation

At 1 November 2023

19,265

19,265

Charge for the year

6,836

6,836

At 31 October 2024

26,101

26,101

Carrying amount

At 31 October 2024

8,081

8,081

At 31 October 2023

14,917

14,917

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

 

JSA Rope Access Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £Nil (2023 - £1.00) per each Ordinary

30,000

22,000

 

 

9

Related party transactions

 

JSA Rope Access Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,570

12,581