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REGISTERED NUMBER: 07720047 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

JENNINGS ENGINEERING SUPPLIES LIMITED

JENNINGS ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 07720047)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JENNINGS ENGINEERING SUPPLIES LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J S Jennings
W Jennings





REGISTERED OFFICE: The Chestnuts
Brewers End
Takeley
Essex
CM22 6QJ





REGISTERED NUMBER: 07720047 (England and Wales)





ACCOUNTANTS: Allium Wood Limited
Chartered Certified Accountants
The Chestnuts
Brewers End
Takeley
Essex
CM22 6QJ

JENNINGS ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 07720047)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 30,397 32,439
Investment property 5 430,000 430,000
460,397 462,439

CURRENT ASSETS
Stocks 75,500 82,000
Debtors 6 381,351 268,967
Cash at bank 298,829 247,655
755,680 598,622
CREDITORS
Amounts falling due within one year 7 (255,450 ) (127,151 )
NET CURRENT ASSETS 500,230 471,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

960,627

933,910

PROVISIONS FOR LIABILITIES (11,706 ) (9,542 )
NET ASSETS 948,921 924,368

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 8 12,156 12,156
Retained earnings 936,755 912,202
SHAREHOLDERS' FUNDS 948,921 924,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

JENNINGS ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 07720047)

Balance Sheet - continued
31 July 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 23 January 2025 and were signed on its behalf by:





W Jennings - Director


JENNINGS ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 07720047)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Jennings Engineering Supplies 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 as modified by the revaluation of certain assets.

The presentation currency is £ sterling.

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.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

JENNINGS ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 07720047)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 96,411
Additions 7,207
At 31 July 2024 103,618
DEPRECIATION
At 1 August 2023 63,972
Charge for year 9,249
At 31 July 2024 73,221
NET BOOK VALUE
At 31 July 2024 30,397
At 31 July 2023 32,439

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 430,000
NET BOOK VALUE
At 31 July 2024 430,000
At 31 July 2023 430,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2020 36,208
Valuation in 2021 10,000
Valuation in 2022 90,000
Valuation in 2023 (120,000 )
Cost 413,792
430,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 330,255 217,871
Other debtors 51,096 51,096
381,351 268,967

JENNINGS ENGINEERING SUPPLIES LIMITED (REGISTERED NUMBER: 07720047)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 170,936 47,803
Taxation and social security 80,589 73,104
Other creditors 3,925 6,244
255,450 127,151

8. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 12,156