Company registration number 05100127 (England and Wales)
J DAY ENGINEERING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
J DAY ENGINEERING LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
5,062
Tangible assets
3
208,055
215,247
Investment properties
4
3,550,000
2,719,266
3,758,055
2,939,575
Current assets
Stocks
416,082
291,900
Debtors
5
76,760
172,705
Cash at bank and in hand
14,499
5,344
507,341
469,949
Creditors: amounts falling due within one year
6
(935,936)
(434,451)
Net current (liabilities)/assets
(428,595)
35,498
Total assets less current liabilities
3,329,460
2,975,073
Creditors: amounts falling due after more than one year
7
(884,418)
(959,173)
Provisions for liabilities
(497,737)
(416,316)
Net assets
1,947,305
1,599,584
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
1,947,303
1,599,582
Total equity
1,947,305
1,599,584
J DAY ENGINEERING LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 7 April 2025
Mr James Day
Director
Company Registration No. 05100127
J DAY ENGINEERING LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 3 -
1
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
25
24
2
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
152,500
Amortisation and impairment
At 1 January 2024
147,438
Amortisation charged for the year
5,062
At 31 December 2024
152,500
Carrying amount
At 31 December 2024
At 31 December 2023
5,062
J DAY ENGINEERING LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 4 -
3
Tangible fixed assets
Plant and machinery
Land and property
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2024
370,290
33,089
35,828
98,365
537,572
Additions
53,492
3,466
56,958
Disposals
(41,849)
(41,849)
At 31 December 2024
381,933
33,089
39,294
98,365
552,681
Depreciation and impairment
At 1 January 2024
253,138
8,410
19,317
41,460
322,325
Depreciation charged in the year
28,984
626
2,800
14,266
46,676
Eliminated in respect of disposals
(24,375)
(24,375)
At 31 December 2024
257,747
9,036
22,117
55,726
344,626
Carrying amount
At 31 December 2024
124,186
24,053
17,177
42,639
208,055
At 31 December 2023
117,152
24,679
16,511
56,905
215,247
4
Investment property
2024
£
Fair value
At 1 January 2024
2,719,266
Additions
543,095
Revaluations
287,639
At 31 December 2024
3,550,000
The fair value of the majority of the investment properties has been arrived at on the basis of a professional valuation carried out by Carter Jonas on 12 August 2024. The remaining properties fair values are based on a previous valuation carried out by Carter Jonas in conjunction with obtaining company financing. The Director believes that the professional valuation report on 12 August 2024 and previous valuations provide the correct value of the properties as at 31 December 2024.
J DAY ENGINEERING LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 5 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
29,310
82,300
Corporation tax recoverable
10,402
10,402
Other debtors
37,048
80,003
76,760
172,705
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
135,035
113,666
Trade creditors
641,515
140,853
Corporation tax
36,042
63,822
Other taxation and social security
24,983
59,917
Other creditors
98,361
56,193
935,936
434,451
Bank loans of £83,870 (2023 - £99,377) are secured on land owned by the Director, and fixed and floating charges over assets owned by the Company. Hire purchase liabilities of £7,128 (2023 - £13,747) are secured on the assets to which they relate.
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
850,717
918,344
Other creditors
33,701
40,829
884,418
959,173
Bank loans of £850,717 (2023 - £918,344) are secured on land owned by the Director, and fixed and floating charges over assets owned by the Company. Hire purchase liabilities of £33,701 (2023 - £40,829) are secured on the assets to which they relate.
Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
515,237
520,837
J DAY ENGINEERING LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 6 -
8
Directors' transactions
Advances or credits have been granted by the company to its director as follows:
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Director's loan
2.25
61,036
14,401
425
(75,862)
-
61,036
14,401
425
(75,862)
-
9
Related Party Transactions
During the year loans were made to the company by the Director. At the year end date the company owed the Director £77,409. Loans are repayable on demand and no interest is charged on the loan.