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REGISTERED NUMBER: 02423520 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

JK MACHINERY LTD

JK MACHINERY LTD (REGISTERED NUMBER: 02423520)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JK MACHINERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J L Round
J W V Round





SECRETARY: Mrs L A Round





REGISTERED OFFICE: Unit 31
Claycliffe Business Park
Barugh Green
Barnsley
South Yorkshire
S75 1JU





REGISTERED NUMBER: 02423520 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
Accountants
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

JK MACHINERY LTD (REGISTERED NUMBER: 02423520)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118,158 132,034

CURRENT ASSETS
Stocks 5 106,170 55,450
Debtors 6 15,403 25,935
Cash at bank 28,241 43,715
149,814 125,100
CREDITORS
Amounts falling due within one year 7 129,190 115,645
NET CURRENT ASSETS 20,624 9,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,782

141,489

CREDITORS
Amounts falling due after more than one
year

8

(21,289

)

(23,890

)

PROVISIONS FOR LIABILITIES 10 (24,542 ) (24,961 )
NET ASSETS 92,951 92,638

CAPITAL AND RESERVES
Called up share capital 11 50 50
Capital redemption reserve 3 3
Retained earnings 92,898 92,585
SHAREHOLDERS' FUNDS 92,951 92,638

JK MACHINERY LTD (REGISTERED NUMBER: 02423520)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and loss account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





J L Round - Director


JK MACHINERY LTD (REGISTERED NUMBER: 02423520)

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

1. STATUTORY INFORMATION

JK Machinery 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 each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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 Profit and loss account 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.

JK MACHINERY LTD (REGISTERED NUMBER: 02423520)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 1,353 139,402 34,546 2,758 178,059
Additions - - 18,495 573 19,068
Disposals - (2,917 ) (22,980 ) - (25,897 )
At 30 September 2024 1,353 136,485 30,061 3,331 171,230
DEPRECIATION
At 1 October 2023 1,353 31,243 10,808 2,621 46,025
Charge for year - 10,553 2,179 166 12,898
Eliminated on disposal - (336 ) (5,515 ) - (5,851 )
At 30 September 2024 1,353 41,460 7,472 2,787 53,072
NET BOOK VALUE
At 30 September 2024 - 95,025 22,589 544 118,158
At 30 September 2023 - 108,159 23,738 137 132,034

Included in the total net book value of tangible fixed assets held as at 30th September 2024 was £17570 (2023: £17465) in respect of assets held under finance leases and hire purchase contracts.

5. STOCKS
2024 2023
£    £   
Stock & work-in-progress 106,170 55,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,094 18,533
Other debtors 2,615 2,077
Prepayments 5,694 5,325
15,403 25,935

JK MACHINERY LTD (REGISTERED NUMBER: 02423520)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,268 10,015
Hire purchase contracts 1,613 4,382
Trade creditors 83,120 60,450
Tax 14,681 7
Social security and other taxes 73 73
VAT 8,078 17,148
Directors' current accounts 7,665 16,635
Accrued expenses 3,692 6,935
129,190 115,645

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 9,640 19,908
Hire purchase contracts 11,649 3,982
21,289 23,890

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,268 10,015

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,640 10,268

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,640

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 24,542 24,961

Deferred
tax
£   
Balance at 1 October 2023 24,961
Movement during the year (419 )
Balance at 30 September 2024 24,542

JK MACHINERY LTD (REGISTERED NUMBER: 02423520)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
49 ORDINARY A £1 49 49
1 ORDINARY B £1 1 1
50 50

12. ULTIMATE CONTROLLING PARTY

The director and his spouse have a controlling interest in the issued share capital.