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REGISTERED NUMBER: 10144133 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

JP Fabrications(South Yorkshire) Limited

JP Fabrications(South Yorkshire) Limited (Registered number: 10144133)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JP Fabrications(South Yorkshire) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D J Phillis
Ms L Davey





REGISTERED OFFICE: Unit 2
116 Brampton Road
Wath upon Dearne
Rotherham
South Yorkshire
S63 6AW





REGISTERED NUMBER: 10144133 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

JP Fabrications(South Yorkshire) Limited (Registered number: 10144133)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 112,114 98,992

CURRENT ASSETS
Stocks 355,118 420,636
Debtors 6 116,718 183,488
Cash at bank and in hand 1,180 350
473,016 604,474
CREDITORS
Amounts falling due within one year 7 410,959 545,382
NET CURRENT ASSETS 62,057 59,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,171

158,084

CREDITORS
Amounts falling due after more than one
year

8

(85,222

)

(99,801

)

PROVISIONS FOR LIABILITIES (21,302 ) (18,809 )
NET ASSETS 67,647 39,474

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 67,547 39,374
SHAREHOLDERS' FUNDS 67,647 39,474

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 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.

JP Fabrications(South Yorkshire) Limited (Registered number: 10144133)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





Mr D J Phillis - Director


JP Fabrications(South Yorkshire) Limited (Registered number: 10144133)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

JP Fabrications(South Yorkshire) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.


JP Fabrications(South Yorkshire) Limited (Registered number: 10144133)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 17,922 2,888 94,631 115,441
Additions - - 32,901 32,901
At 31 March 2024 17,922 2,888 127,532 148,342
DEPRECIATION
At 1 April 2023 4,326 1,516 10,607 16,449
Charge for year 2,039 207 17,533 19,779
At 31 March 2024 6,365 1,723 28,140 36,228
NET BOOK VALUE
At 31 March 2024 11,557 1,165 99,392 112,114
At 31 March 2023 13,596 1,372 84,024 98,992

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 91,026 182,056
Other debtors 25,692 1,432
116,718 183,488

JP Fabrications(South Yorkshire) Limited (Registered number: 10144133)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 19,749
Hire purchase contracts 33,898 30,654
Trade creditors 188,824 404,295
Taxation and social security 182,363 86,023
Other creditors 874 4,661
410,959 545,382

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 36,835 42,369
Hire purchase contracts 48,387 57,432
85,222 99,801

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr D J Phillis
Balance outstanding at start of year (1,222 ) 19,830
Amounts advanced 203,960 120,348
Amounts repaid (193,010 ) (141,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,728 (1,222 )