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REGISTERED NUMBER: 06212220 (England and Wales)















J L C ENTERPRISES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






J L C ENTERPRISES LTD (REGISTERED NUMBER: 06212220)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


J L C ENTERPRISES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J L Chell





SECRETARY: Mrs T H Chell





REGISTERED OFFICE: 3 Firs Street
Dudley
West Midlands
DY2 7DN





REGISTERED NUMBER: 06212220 (England and Wales)





ACCOUNTANTS: PPG Accountants Ltd
Ferndale House
3 Firs Street
Dudley
West Midlands
DY2 7DN

J L C ENTERPRISES LTD (REGISTERED NUMBER: 06212220)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 820,470 835,024

CURRENT ASSETS
Debtors 5 7,050 7,050
Cash at bank 25,515 66,941
32,565 73,991
CREDITORS
Amounts falling due within one year 6 148,143 314,442
NET CURRENT LIABILITIES (115,578 ) (240,451 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

704,892

594,573

CREDITORS
Amounts falling due after more than one
year

7

(690,366

)

(590,366

)

PROVISIONS FOR LIABILITIES 10 (511 ) (754 )
NET ASSETS 14,015 3,453

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 11 13,015 2,453
SHAREHOLDERS' FUNDS 14,015 3,453

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.

J L C ENTERPRISES LTD (REGISTERED NUMBER: 06212220)

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 17 February 2025 and were signed by:





J L Chell - Director


J L C ENTERPRISES LTD (REGISTERED NUMBER: 06212220)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

J L C Enterprises Ltd 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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% of reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

J L C ENTERPRISES LTD (REGISTERED NUMBER: 06212220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 888,378 12,724 901,102
DEPRECIATION
At 1 May 2023 57,383 8,695 66,078
Charge for year 13,263 1,291 14,554
At 30 April 2024 70,646 9,986 80,632
NET BOOK VALUE
At 30 April 2024 817,732 2,738 820,470
At 30 April 2023 830,995 4,029 835,024

Included in cost of land and buildings is freehold land of £ 225,294 (2023 - £ 225,294 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,050 7,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 7,505 10,837
Trade creditors - 2
Tenants deposits 5,800 7,050
Tax 6,567 3,816
Social security and other taxes - 405
Directors' current accounts 120,270 284,331
Accruals and deferred income 8,001 8,001
148,143 314,442

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 690,366 590,366

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 690,366 590,366

J L C ENTERPRISES LTD (REGISTERED NUMBER: 06212220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 7,505 10,837

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 690,366 590,366

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 690,366 590,366

The bank loans from Kent Reliance are secured on the freehold properties owned by the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 511 754

Deferred
tax
£   
Balance at 1 May 2023 754
Provided during year (243 )
Balance at 30 April 2024 511

11. RESERVES
Retained
earnings
£   

At 1 May 2023 2,453
Profit for the year 13,562
Dividends (3,000 )
At 30 April 2024 13,015

J L C ENTERPRISES LTD (REGISTERED NUMBER: 06212220)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. ULTIMATE CONTROLLING PARTY

The controlling party is J L Chell.