JNS BROS LTD.

Company Registration Number:
07298854 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

JNS BROS LTD.

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

JNS BROS LTD.

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 329,000 289,000
Total fixed assets: 329,000 289,000
Current assets
Stocks: 418,438 480,310
Debtors: 4 1,009,205 1,290,564
Cash at bank and in hand: 925,989 555,882
Total current assets: 2,353,632 2,326,756
Creditors: amounts falling due within one year: 5 (342,342) (370,684)
Net current assets (liabilities): 2,011,290 1,956,072
Total assets less current liabilities: 2,340,290 2,245,072
Provision for liabilities: (62,265) (52,474)
Total net assets (liabilities): 2,278,025 2,192,598
Capital and reserves
Called up share capital: 20 20
Profit and loss account: 2,278,005 2,192,578
Shareholders funds: 2,278,025 2,192,598

The notes form part of these financial statements

JNS BROS LTD.

Balance sheet statements

For the year ending 30 June 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 January 2025
and signed on behalf of the board by:

Name: J Tangi
Status: Director

The notes form part of these financial statements

JNS BROS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant, machinery and motors -15% reducing balance

Valuation and information policy

Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Other accounting policies

Provisions Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

JNS BROS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 7 7

JNS BROS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 610,197
Additions 98,398
At 30 June 2024 708,595
Depreciation
At 01 July 2023 321,197
Charge for year 58,398
At 30 June 2024 379,595
Net book value
At 30 June 2024 329,000
At 30 June 2023 289,000

JNS BROS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

JNS BROS LTD.

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023 Trade creditors 148647 238169 Corporation tax 68842 - Social security 124474 45053 Other creditors 379 87462 Total 342342 370684