IRIS Accounts Production v24.3.2.46 07056095 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070560952023-09-30070560952024-09-30070560952023-10-012024-09-30070560952022-09-30070560952022-10-012023-09-30070560952023-09-3007056095ns15:EnglandWales2023-10-012024-09-3007056095ns14:PoundSterling2023-10-012024-09-3007056095ns10:Director12023-10-012024-09-3007056095ns10:Director22023-10-012024-09-3007056095ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3007056095ns10:SmallEntities2023-10-012024-09-3007056095ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3007056095ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3007056095ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3007056095ns10:FullAccounts2023-10-012024-09-3007056095ns5:CurrentFinancialInstruments2024-09-3007056095ns5:CurrentFinancialInstruments2023-09-3007056095ns5:Non-currentFinancialInstruments2024-09-3007056095ns5:Non-currentFinancialInstruments2023-09-3007056095ns5:ShareCapital2024-09-3007056095ns5:ShareCapital2023-09-3007056095ns5:RetainedEarningsAccumulatedLosses2024-09-3007056095ns5:RetainedEarningsAccumulatedLosses2023-09-3007056095ns10:RegisteredOffice2023-10-012024-09-3007056095ns5:PlantMachinery2023-10-012024-09-3007056095ns5:PlantMachinery2023-09-3007056095ns5:PlantMachinery2024-09-3007056095ns5:PlantMachinery2023-09-3007056095ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3007056095ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3007056095ns5:Non-currentFinancialInstruments2023-10-012024-09-30
REGISTERED NUMBER: 07056095 (England and Wales)










J J Power Limited

Financial Statements

for the Year Ended 30th September 2024






J J Power Limited (Registered number: 07056095)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


J J Power Limited (Registered number: 07056095)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 515,740 560,927

CURRENT ASSETS
Stocks 60,015 19,449
Debtors 5 256,567 322,518
Cash at bank 28,117 26,564
344,699 368,531
CREDITORS
Amounts falling due within one year 6 181,813 118,388
NET CURRENT ASSETS 162,886 250,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

678,626

811,070

CREDITORS
Amounts falling due after more than one
year

7

(141,472

)

(479,378

)

PROVISIONS FOR LIABILITIES (110,233 ) (102,159 )
NET ASSETS 426,921 229,533

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 426,821 229,433
SHAREHOLDERS' FUNDS 426,921 229,533

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

J J Power Limited (Registered number: 07056095)

Balance Sheet - continued
30th September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th March 2025 and were signed on its behalf by:




J F Hart - Director



J A Iles - Director


J J Power Limited (Registered number: 07056095)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

J J Power Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07056095

Registered office: 38 Dollar Street
Cirencester
GL7 2AN

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

The biogas unit held within plant and machinery is depreciated at 5% straight line.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

J J Power Limited (Registered number: 07056095)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants are realised in the period to which they relate once all conditions for their receipt have been met.

The grant in respect of the Biogas unit is released to the profit and loss account over its expected useful life of 20 years.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023 1,553,869
Additions 30,685
At 30th September 2024 1,584,554
DEPRECIATION
At 1st October 2023 992,942
Charge for year 75,872
At 30th September 2024 1,068,814
NET BOOK VALUE
At 30th September 2024 515,740
At 30th September 2023 560,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 240,425 308,875
Other debtors 16,142 13,643
256,567 322,518

J J Power Limited (Registered number: 07056095)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,892 24,819
Trade creditors 23,377 58,311
Taxation and social security 114,248 5,914
Other creditors 26,296 29,344
181,813 118,388

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 37,999 94,365
Other creditors 103,473 385,013
141,472 479,378

Other creditors include the unamortised balance of a government grant being £103,473 to be amortised after one year and £21,540 within one year. This grant is being written off to the profit and loss account over the estimated useful life of the asset to which it relates.

8. RELATED PARTY DISCLOSURES

H F Hart Limited

Shareholder and company in which director J F Hart is a shareholder.


2024 2023
£    £   
Amount due to related party at the balance sheet date - 130,000

Park Farm Syndicate (Fairford) Limited

Shareholder and company in which director J A Iles is a shareholder.


2024 2023
£    £   
Amount due to related party at the balance sheet date - 130,000

9. ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company is equally controlled by the Iles and Hart families.