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REGISTERED NUMBER: 06269297 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Jupiter IT Solutions Limited

Jupiter IT Solutions Limited (Registered number: 06269297)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jupiter IT Solutions Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr D J Gladstone
Mr I R Powell





REGISTERED OFFICE: Unit 3
Estuary Business Park
Henry Boot Way
Hessle
East Yorkshire
HU4 7DY





REGISTERED NUMBER: 06269297 (England and Wales)





ACCOUNTANTS: Harris Lacey and Swain
Suite 1
The Riverside Building
Hessle
East Yorkshire
HU13 0DZ

Jupiter IT Solutions Limited (Registered number: 06269297)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 813,578 780,138

CURRENT ASSETS
Stocks 5 5,225 75,460
Debtors 6 415,296 499,522
Cash at bank 184,322 139,230
604,843 714,212
CREDITORS
Amounts falling due within one year 7 477,156 452,006
NET CURRENT ASSETS 127,687 262,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

941,265

1,042,344

CREDITORS
Amounts falling due after more than one
year

8

(319,039

)

(399,293

)

PROVISIONS FOR LIABILITIES (14,854 ) -
NET ASSETS 607,372 643,051

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 607,252 642,931
SHAREHOLDERS' FUNDS 607,372 643,051

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

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

Jupiter IT Solutions Limited (Registered number: 06269297)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





Mr I R Powell - Director


Jupiter IT Solutions Limited (Registered number: 06269297)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Jupiter IT Solutions 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.

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.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

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.

Fixtures and Fittings - 15% on reducing balance
Motor Vehicles - 25% on reducing balance
Plant and Machinery - 25% on reducing balance
Property - 10% on straight line

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Jupiter IT Solutions Limited (Registered number: 06269297)

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


2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
Property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 780,453 39,325 32,632 10,000 862,410
Additions 3,387 12,013 31,977 - 47,377
At 30 June 2024 783,840 51,338 64,609 10,000 909,787
DEPRECIATION
At 1 July 2023 29,268 28,204 15,116 9,684 82,272
Charge for year 409 5,785 7,427 316 13,937
At 30 June 2024 29,677 33,989 22,543 10,000 96,209
NET BOOK VALUE
At 30 June 2024 754,163 17,349 42,066 - 813,578
At 30 June 2023 751,185 11,121 17,516 316 780,138

5. STOCKS
2024 2023
£    £   
Stocks 1,168 1,186
Work-in-progress 4,057 74,274
5,225 75,460

Jupiter IT Solutions Limited (Registered number: 06269297)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 191,367 181,055
Amounts owed by group undertakings 136,829 288,601
Other debtors 67,269 25,778
Prepayments 19,831 4,088
415,296 499,522

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 115,924 114,876
Trade creditors 80,200 71,792
Tax 119,265 104,192
Social security and other taxes 120,755 96,902
Other creditors 32,149 23,507
Directors' current accounts 8,541 20,506
Accrued expenses 322 20,231
477,156 452,006

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 114,541 114,876
Bank loans - 2-5 years - 10,726
Bank loans more 5 yr by instal 204,498 273,691
319,039 399,293

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 204,498 273,691

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 415,050 484,243