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REGISTERED NUMBER: SC626216 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

JST SPARES LTD

JST SPARES LTD (Registered number: SC626216)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JST SPARES LTD

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S Tumilty





REGISTERED OFFICE: 19 James Street
Righead Industrial Estate
Bellshill
ML4 3LU





REGISTERED NUMBER: SC626216 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

JST SPARES LTD (Registered number: SC626216)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 873 1,028

CURRENT ASSETS
Stocks 5 24,393 18,781
Debtors 6 596,324 190,830
Cash at bank 196,628 109,032
817,345 318,643
CREDITORS
Amounts falling due within one year 7 403,941 201,372
NET CURRENT ASSETS 413,404 117,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,277

118,299

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 414,276 118,298
SHAREHOLDERS' FUNDS 414,277 118,299

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 her 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 30 December 2024 and were signed by:




S Tumilty - Director


JST SPARES LTD (Registered number: SC626216)

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

1. STATUTORY INFORMATION

JST SPARES LTD is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 1,209
DEPRECIATION
At 1 May 2023 181
Charge for year 155
At 30 April 2024 336
NET BOOK VALUE
At 30 April 2024 873
At 30 April 2023 1,028

JST SPARES LTD (Registered number: SC626216)

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

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 24,393 18,781

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 620,524 177,930
JST Distribution Ltd (24,200 ) 12,900
596,324 190,830

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 134,663 111,232
Tax 119,579 26,996
Social security and other taxes 3,210 2,122
VAT 96,370 38,622
Loan 1,600 1,600
Accrued expenses 48,519 20,800
403,941 201,372

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1 May 2023 118,298
Profit for the year 300,376
Dividends (4,398 )
At 30 April 2024 414,276