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Company registration number: 05134727
J S L Property Services Limited
Unaudited filleted financial statements
30 April 2024
J S L Property Services Limited
Contents
Statement of financial position
Notes to the financial statements
J S L Property Services Limited
Statement of financial position
30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 303,762 291,013
_______ _______
303,762 291,013
Current assets
Debtors 7 778,238 301,037
Cash at bank and in hand 263,921 273,935
_______ _______
1,042,159 574,972
Creditors: amounts falling due
within one year 8 ( 583,660) ( 357,137)
_______ _______
Net current assets 458,499 217,835
_______ _______
Total assets less current liabilities 762,261 508,848
Creditors: amounts falling due
after more than one year 9 ( 206,268) ( 203,746)
Provisions for liabilities ( 11,874) ( 7,204)
_______ _______
Net assets 544,119 297,898
_______ _______
Capital and reserves
Called up share capital 6 6
Profit and loss account 544,113 297,892
_______ _______
Shareholders funds 544,119 297,898
_______ _______
For the year ending 30 April 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
Peter James Walton
Director
Company registration number: 05134727
J S L Property Services Limited
Notes to the financial statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Cornhouse Buildings, Claydons Lane, Rayleigh, Essex, SS6 7UP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 5 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 May 2023 and 30 April 2024 8,000 8,000
_______ _______
Amortisation
At 1 May 2023 and 30 April 2024 8,000 8,000
_______ _______
Carrying amount
At 30 April 2024 - -
_______ _______
At 30 April 2023 - -
_______ _______
6. Tangible assets
Freehold property Plant and machinery Fixtures, fittings and equipment Motor vehicles Fixed Asset Investments Total
£ £ £ £ £ £
Cost
At 1 May 2023 296,426 1,000 22,128 52,204 6,778 378,536
Additions - - - 29,235 - 29,235
_______ _______ _______ _______ _______ _______
At 30 April 2024 296,426 1,000 22,128 81,439 6,778 407,771
_______ _______ _______ _______ _______ _______
Depreciation
At 1 May 2023 41,006 903 16,205 29,409 - 87,523
Charge for the year 5,929 19 1,185 9,353 - 16,486
_______ _______ _______ _______ _______ _______
At 30 April 2024 46,935 922 17,390 38,762 - 104,009
_______ _______ _______ _______ _______ _______
Carrying amount
At 30 April 2024 249,491 78 4,738 42,677 6,778 303,762
_______ _______ _______ _______ _______ _______
At 30 April 2023 255,420 97 5,923 22,795 6,778 291,013
_______ _______ _______ _______ _______ _______
7. Debtors
2024 2023
£ £
Trade debtors 721,857 284,010
Other debtors 56,381 17,027
_______ _______
778,238 301,037
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 18,456 18,628
Trade creditors 354,661 161,781
Social security and other taxes 186,128 153,353
Other creditors 24,415 23,375
_______ _______
583,660 357,137
_______ _______
9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 181,520 199,865
Other creditors 24,748 3,881
_______ _______
206,268 203,746
_______ _______
10. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Peter James Walton ( 93) 36,149 36,056
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Peter James Walton ( 6,756) 6,663 ( 93)
_______ _______ _______