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Company No: 14924151 (England and Wales)

JLP CONTRACT LIMITED

Unaudited Financial Statements
For the financial period from 08 June 2023 to 30 June 2024
Pages for filing with the registrar

JLP CONTRACT LIMITED

Unaudited Financial Statements

For the financial period from 08 June 2023 to 30 June 2024

Contents

JLP CONTRACT LIMITED

BALANCE SHEET

As at 30 June 2024
JLP CONTRACT LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 30.06.2024
£
Fixed assets
Tangible assets 3 457,710
457,710
Current assets
Debtors 4 19,239
Cash at bank and in hand 9,359
28,598
Creditors: amounts falling due within one year 5 ( 558,537)
Net current liabilities (529,939)
Total assets less current liabilities (72,229)
Net liabilities ( 72,229)
Capital and reserves
Called-up share capital 6 1
Profit and loss account ( 72,230 )
Total shareholder's deficit ( 72,229)

For the financial period ending 30 June 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 financial statements of JLP Contract Limited (registered number: 14924151) were approved and authorised for issue by the Director on 13 February 2025. They were signed on its behalf by:

Mr J Poulter
Director
JLP CONTRACT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 08 June 2023 to 30 June 2024
JLP CONTRACT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 08 June 2023 to 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

JLP Contract Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, United Kingdom. The principal place of business is Moorland View, Wotter, Plymouth, Devon, PL7 5HP.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

This period is the first since incorporation and as such the reporting period exceeds twelve months.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Vehicles 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Period from
08.06.2023 to
30.06.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 0

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 08 June 2023 0 0 0
Additions 527,327 21,500 548,827
At 30 June 2024 527,327 21,500 548,827
Accumulated depreciation
At 08 June 2023 0 0 0
Charge for the financial period 88,250 2,867 91,117
At 30 June 2024 88,250 2,867 91,117
Net book value
At 30 June 2024 439,077 18,633 457,710

4. Debtors

30.06.2024
£
Trade debtors 8,358
Other debtors 10,881
19,239

5. Creditors: amounts falling due within one year

30.06.2024
£
Other creditors 558,537

6. Called-up share capital

30.06.2024
£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1

During the year, upon incorporation, 1 share was issued at par.