REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 August 2024 |
for |
J Z Machinery UK Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 August 2024 |
for |
J Z Machinery UK Ltd |
J Z Machinery UK Ltd (Registered number: 10175396) |
Contents of the Financial Statements |
for the Year Ended 31 August 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 10 |
J Z Machinery UK Ltd |
Company Information |
for the Year Ended 31 August 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Hanover Court |
5 Queen Street |
Lichfield |
Staffordshire |
WS13 6QD |
J Z Machinery UK Ltd (Registered number: 10175396) |
Balance Sheet |
31 August 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Revaluation reserve | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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 Z Machinery UK Ltd (Registered number: 10175396) |
Balance Sheet - continued |
31 August 2024 |
The financial statements were approved by the director and authorised for issue on |
J Z Machinery UK Ltd (Registered number: 10175396) |
Notes to the Financial Statements |
for the Year Ended 31 August 2024 |
1. | STATUTORY INFORMATION |
J Z Machinery UK Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
There are no material departures from the standard. |
Turnover |
The turnover represents rent received from its tenants during the year. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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 Z Machinery UK Ltd (Registered number: 10175396) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
2. | ACCOUNTING POLICIES - continued |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 September 2023 |
Additions |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
During the year improvements to leasehold property were reclassified as investment property. |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 September 2023 |
and 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
J Z Machinery UK Ltd (Registered number: 10175396) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Cost at 1 September 2023 | 2,838,946 |
Additions | 109,275 |
Valuation | 61,054 |
At 31 August 2024 | 3,009,275 |
If the investment property had not been revalued it would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
2,948,221 | 2,838,946 |
Investment property was valued on an open market basis by the director on 31 August 2024 and this valuation has been included in these financial statements. |
Cost or valuation at 31 August 2024 is represented by: |
£ |
Valuation in 2023 | 61,055 |
Cost | 2,948,220 |
3,009,275 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
Ordinary A | £1 | 99 | 99 |
100 | 100 |
J Z Machinery UK Ltd (Registered number: 10175396) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
9. | CALLED UP SHARE CAPITAL - continued |
The Ordinary shares of £1 each and "A" Ordinary shares of £1 each rank pari passu in all respects except for the purpose of declaring dividends. |
10. | RESERVES |
Revaluation |
reserve |
£ |
At 1 September 2023 |
and 31 August 2024 |
11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the year ended 31 August 2024 and the period ended 31 August 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
The balance outstanding at the year end in the sum of £1,416,902 was repaid in the subsequent financial year. |
12. | RELATED PARTY DISCLOSURES |
Apex Investment (Water Street) Limited |
A company of which the director of this company is a director and a shareholder. |
2024 | 2023 |
£ | £ |
Amount due by related party at the balance sheet date | 24,512 | 24,512 |
The amount due is unsecured and has no specific terms regarding payment of interest. The amount due is payable on demand but the director has given her assurance that the amount payable will not be demanded until such time as Apex Investment (Water Street) Limited can afford to do so without detriment to its operating and working capital requirements. |
J Z Machinery UK Ltd (Registered number: 10175396) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
12. | RELATED PARTY DISCLOSURES - continued |
AJ Antique Limited |
A company of which the director and 100% shareholder is the husband of the director of this company. |
2024 | 2023 |
£ | £ |
Amount due by related party at the balance sheet date | 22,000 | 22,000 |
The amount due is unsecured and has no specific terms regarding payment of interest. The amount due is payable on demand but the director has given her assurance that the amount payable will not be demanded until such time as AJ Antique Limited can afford to do so without detriment to its operating and working capital requirements. |
WS Investments Limited |
A company of which the director of this company is a director and shareholder. |
2024 | 2023 |
£ | £ |
Amount due by related party at the balance sheet date | 757,023 | 757,023 |
The amount due is unsecured and has no specific terms regarding payment of interest. The amount due is payable on demand but the director has given her assurance that the amount payable will not be demanded until such time as WS Investments Limited can afford to do so without detriment to its operating and working capital requirements. |
Apex Investment (St Pauls) Limited |
A company of which the director of this company is a director and a shareholder. |
2024 | 2023 |
£ | £ |
Amount due by related party at the balance sheet date | 639,355 | 639,355 |
The amount due is unsecured and has no specific terms regarding payment of interest. The amount due is payable on demand but the director has given her assurance that the amount payable will not be demanded until such time as Apex Investment (Water Street) Limited can afford to do so without detriment to its operating and working capital requirements. |
J Z Machinery UK Ltd (Registered number: 10175396) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
12. | RELATED PARTY DISCLOSURES - continued |
W&E Property Limited |
A company of which the director of this company is the sole director and shareholder. |
2024 | 2023 |
£ | £ |
Amount due by related party at the balance sheet date | 144,162 | 144,162 |
The amount due is unsecured and has no specific terms regarding payment of interest. The amount due is payable on demand but the director has given her assurance that the amount payable will not be demanded until such time as W&E Property Limited can afford to do so without detriment to its operating and working capital requirements. |
WLZ Investments Limited |
A company of which the director of this company is the sole director and shareholder. |
2024 | 2023 |
£ | £ |
Amount due by related party at the balance sheet date | 123,134 | 123,218 |
The amount due is unsecured and has no specific terms regarding payment of interest. The amount due is payable on demand but the director has given her assurance that the amount payable will not be demanded until such time as WLZ Investments Limited can afford to do so without detriment to its operating and working capital requirements. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
J Z Machinery UK Ltd |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J Z Machinery UK Ltd for the year ended 31 August 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the director of J Z Machinery UK Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J Z Machinery UK Ltd and state those matters that we have agreed to state to the director of J Z Machinery UK Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J Z Machinery UK Ltd and its director for our work or for this report. |
It is your duty to ensure that J Z Machinery UK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J Z Machinery UK Ltd. You consider that J Z Machinery UK Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of J Z Machinery UK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Hanover Court |
5 Queen Street |
Lichfield |
Staffordshire |
WS13 6QD |