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REGISTERED NUMBER: 11113217 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

JC Draper Limited

JC Draper Limited (Registered number: 11113217)






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


JC Draper Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J S Ashworth
Mr S J Dent
Mrs L C Tillotson
Mr R Tillotson
Mr P Rowling





REGISTERED OFFICE: Unit 4 Skelton Park Riparian Way
Crosshills
West Yorkshire
BD20 7BW





REGISTERED NUMBER: 11113217 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

JC Draper Limited (Registered number: 11113217)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £ £ £
FIXED ASSETS
Tangible assets 4 234,171 292,419

CURRENT ASSETS
Debtors 5 844 844
Cash at bank 481 5,269
1,325 6,113
CREDITORS
Amounts falling due within one year 6 135,467 152,964
NET CURRENT LIABILITIES (134,142 ) (146,851 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,029

145,568

CREDITORS
Amounts falling due after more than one
year

7

(26,249

)

(59,387

)

PROVISIONS FOR LIABILITIES (27,687 ) (35,476 )
NET ASSETS 46,093 50,705

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 46,092 50,704
SHAREHOLDERS' FUNDS 46,093 50,705

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.

JC Draper Limited (Registered number: 11113217)

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 20 March 2025 and were signed on its behalf by:





Mr J S Ashworth - Director


JC Draper Limited (Registered number: 11113217)

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

1. STATUTORY INFORMATION

JC Draper 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 the 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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their estimated useful lives on the following bases:

Plant and machinery25% on reducing balance
Fixtures and fittings20% on reducing balance
Motor vehicles20% on reducing balance

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. Financial assets classified as receivable in one year are not amortised.

JC Draper Limited (Registered number: 11113217)

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

2. ACCOUNTING POLICIES - continued

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 NIL (2023 - NIL).

JC Draper Limited (Registered number: 11113217)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 July 2023 282,337 143,723 239,481 665,541
Additions 4,848 - - 4,848
At 30 June 2024 287,185 143,723 239,481 670,389
DEPRECIATION
At 1 July 2023 204,228 76,632 92,262 373,122
Charge for year 20,235 13,418 29,443 63,096
At 30 June 2024 224,463 90,050 121,705 436,218
NET BOOK VALUE
At 30 June 2024 62,722 53,673 117,776 234,171
At 30 June 2023 78,109 67,091 147,219 292,419

Included within the above are assets held on hire purchase. The net book value of these assets are £160,758 (2023 - £204,571) and depreciation charge for the year is £43,813 (2023 - £47,844).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Amounts owed by group undertakings 594 594
Other debtors 250 250
844 844

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Hire purchase contracts 33,138 44,182
Amounts owed to group undertakings 82,131 90,363
Taxation and social security 7,309 11,597
Other creditors 12,889 6,822
135,467 152,964

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£ £
Hire purchase contracts 26,249 59,387

JC Draper Limited (Registered number: 11113217)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£ £
Hire purchase contracts 59,387 103,569

9. CONTINGENT LIABILITIES

The company is acting as guarantor in respect of borrowings provided to the parent company, Carey Draper Holdings Limited.

10. OFF-BALANCE SHEET ARRANGEMENTS

Advantedge Commercial Finance (North) Ltd hold a fixed and floating charge over all assets held by the company.

11. RELATED PARTY DISCLOSURES

Parent company

The company's parent company is Carey Draper Holdings Limited, a company incorporated in England and Wales.

The registered office of the parent is Unit 4 Skelton Park, Riparian Way, Crosshills, West Yorkshire, BD20 7BW.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Carey Draper Holdings Limited.

The ultimate controlling party is its directors.