JJS MANAGEMENT LTD 10245373 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Public houses and bars Digita Accounts Production Advanced 6.30.9574.0 true true 10245373 2023-07-01 2024-06-30 10245373 2024-06-30 10245373 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-06-30 10245373 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2024-06-30 10245373 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2024-06-30 10245373 core:CurrentFinancialInstruments 2024-06-30 10245373 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 10245373 core:Non-currentFinancialInstruments 2024-06-30 10245373 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 10245373 core:FurnitureFittingsToolsEquipment 2024-06-30 10245373 core:MotorVehicles 2024-06-30 10245373 core:OtherPropertyPlantEquipment 2024-06-30 10245373 bus:SmallEntities 2023-07-01 2024-06-30 10245373 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 10245373 bus:FilletedAccounts 2023-07-01 2024-06-30 10245373 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10245373 bus:RegisteredOffice 2023-07-01 2024-06-30 10245373 bus:Director1 2023-07-01 2024-06-30 10245373 bus:Director2 2023-07-01 2024-06-30 10245373 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-07-01 2024-06-30 10245373 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-07-01 2024-06-30 10245373 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2023-07-01 2024-06-30 10245373 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10245373 core:ComputerEquipment 2023-07-01 2024-06-30 10245373 core:FurnitureFittings 2023-07-01 2024-06-30 10245373 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 10245373 core:MotorCars 2023-07-01 2024-06-30 10245373 core:MotorVehicles 2023-07-01 2024-06-30 10245373 core:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 10245373 core:PlantMachinery 2023-07-01 2024-06-30 10245373 countries:England 2023-07-01 2024-06-30 10245373 2023-06-30 10245373 core:FurnitureFittingsToolsEquipment 2023-06-30 10245373 core:MotorVehicles 2023-06-30 10245373 core:OtherPropertyPlantEquipment 2023-06-30 10245373 2022-07-01 2023-06-30 10245373 2023-06-30 10245373 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-06-30 10245373 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-06-30 10245373 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2023-06-30 10245373 core:CurrentFinancialInstruments 2023-06-30 10245373 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 10245373 core:Non-currentFinancialInstruments 2023-06-30 10245373 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 10245373 core:FurnitureFittingsToolsEquipment 2023-06-30 10245373 core:MotorVehicles 2023-06-30 10245373 core:OtherPropertyPlantEquipment 2023-06-30 10245373 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2022-07-01 2023-06-30 10245373 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10245373

JJS MANAGEMENT LTD

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

JJS MANAGEMENT LTD

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

JJS MANAGEMENT LTD

Company Information

Directors

Mr David Scott

Nicola Louise Everatt

Registered office

15 Tantallon Court
Woodstone Village
Durham
County Durham
DH4 6TJ

Accountants

Clever Accounts Ltd
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

JJS MANAGEMENT LTD

(Registration number: 10245373)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

336,589

232,978

Current assets

 

Stocks

5

2,500

2,500

Debtors

21,388

3,781

Cash at bank and in hand

 

430,406

362,462

 

454,294

368,743

Creditors: Amounts falling due within one year

(265,704)

(214,008)

Net current assets

 

188,590

154,735

Total assets less current liabilities

 

525,179

387,713

Creditors: Amounts falling due after more than one year

(19,610)

(30,000)

Net assets

 

505,569

357,713

Capital and reserves

 

Called up share capital

6

110

1

Retained earnings

505,459

357,712

Shareholders' funds

 

505,569

357,713

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

JJS MANAGEMENT LTD

(Registration number: 10245373)
Balance Sheet as at 30 June 2024

Approved and authorised by the Board on 13 February 2025 and signed on its behalf by:
 

.........................................

Mr David Scott
Director

 

JJS MANAGEMENT LTD

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
15 Tantallon Court
Woodstone Village
Durham
County Durham
DH4 6TJ
England

These financial statements were authorised for issue by the Board on 13 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

JJS MANAGEMENT LTD

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on reducing balance

Fixtures and fittings

15% on reducing balance

Computer equipment

20% on reducing balance

Motor Vehicles

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

JJS MANAGEMENT LTD

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 64 (2023 - 43).

 

JJS MANAGEMENT LTD

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2023

47,111

63,411

224,271

334,793

Additions

1,849

19,891

109,325

131,065

At 30 June 2024

48,960

83,302

333,596

465,858

Depreciation

At 1 July 2023

18,877

19,798

63,140

101,815

Charge for the year

3,028

3,964

20,462

27,454

At 30 June 2024

21,905

23,762

83,602

129,269

Carrying amount

At 30 June 2024

27,055

59,540

249,994

336,589

At 30 June 2023

28,234

43,613

161,131

232,978

5

Stocks

2024
£

2023
£

Other inventories

2,500

2,500

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

1

1

Ordinary A Shares of £1 (2023 - £0) each

5

5

-

-

Ordinary B Shares of £1 (2023 - £0) each

5

5

-

-

110

110

1

1

 

JJS MANAGEMENT LTD

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

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

19,610

30,000