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REGISTERED NUMBER: 08257237 (England and Wales)











JPS INTERIORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






JPS INTERIORS LIMITED (REGISTERED NUMBER: 08257237)






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


JPS INTERIORS LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTOR: M Shine





REGISTERED OFFICE: Unit B3 Thamesview Business Centre
Barlow Way
Fairview Industrial Park
Rainham
Essex
RM13 8BT





REGISTERED NUMBER: 08257237 (England and Wales)






JPS INTERIORS LIMITED (REGISTERED NUMBER: 08257237)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,880 10,112

CURRENT ASSETS
Stocks 250,000 454,034
Debtors 5 472,023 399,670
Cash at bank 55,438 2,073
777,461 855,777
CREDITORS
Amounts falling due within one year 6 885,029 860,948
NET CURRENT LIABILITIES (107,568 ) (5,171 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(100,688

)

4,941

CREDITORS
Amounts falling due after more than one
year

7

(225,630

)

(234,789

)

PROVISIONS FOR LIABILITIES (1,720 ) (2,528 )
NET LIABILITIES (328,038 ) (232,376 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (328,138 ) (232,476 )
SHAREHOLDERS' FUNDS (328,038 ) (232,376 )

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 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.

JPS INTERIORS LIMITED (REGISTERED NUMBER: 08257237)

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





M Shine - Director


JPS INTERIORS LIMITED (REGISTERED NUMBER: 08257237)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

JPS Interiors 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

Going concern
The director of the company believe it will be able to continue to trade in the future for the reasons as stated in the report of the directors report.

JPS INTERIORS LIMITED (REGISTERED NUMBER: 08257237)

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 6 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 21,587 16,738 5,252 43,577
Disposals - (16,738 ) - (16,738 )
At 30 April 2024 21,587 - 5,252 26,839
DEPRECIATION
At 1 May 2023 14,028 14,804 4,633 33,465
Charge for year 1,134 - 164 1,298
Eliminated on disposal - (14,804 ) - (14,804 )
At 30 April 2024 15,162 - 4,797 19,959
NET BOOK VALUE
At 30 April 2024 6,425 - 455 6,880
At 30 April 2023 7,559 1,934 619 10,112

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 301,093 252,039
Other debtors 170,930 147,631
472,023 399,670

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 43,725 45,559
Trade creditors 367,217 253,745
Taxation and social security 150,104 201,739
Other creditors 323,983 359,905
885,029 860,948

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 25,630 34,789
Other creditors 200,000 200,000
225,630 234,789

JPS INTERIORS LIMITED (REGISTERED NUMBER: 08257237)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 11,506