2023-11-012024-10-312024-10-31false11920513JTL PRODUCTS LTD2025-04-08falseiso4217:GBPxbrli:pure119205132023-11-01119205132024-10-31119205132023-11-012024-10-31119205132022-11-01119205132023-10-31119205132022-11-012023-10-3111920513bus:SmallEntities2023-11-012024-10-3111920513bus:AuditExempt-NoAccountantsReport2023-11-012024-10-3111920513bus:FullAccounts2023-11-012024-10-3111920513bus:PrivateLimitedCompanyLtd2023-11-012024-10-3111920513core:WithinOneYear2024-10-3111920513core:AfterOneYear2024-10-3111920513core:WithinOneYear2023-10-3111920513core:AfterOneYear2023-10-3111920513core:ShareCapital2024-10-3111920513core:SharePremium2024-10-3111920513core:RevaluationReserve2024-10-3111920513core:OtherReservesSubtotal2024-10-3111920513core:RetainedEarningsAccumulatedLosses2024-10-3111920513core:ShareCapital2023-10-3111920513core:SharePremium2023-10-3111920513core:RevaluationReserve2023-10-3111920513core:OtherReservesSubtotal2023-10-3111920513core:RetainedEarningsAccumulatedLosses2023-10-3111920513core:LandBuildings2024-10-3111920513core:PlantMachinery2024-10-3111920513core:Vehicles2024-10-3111920513core:FurnitureFittings2024-10-3111920513core:OfficeEquipment2024-10-3111920513core:NetGoodwill2024-10-3111920513core:IntangibleAssetsOtherThanGoodwill2024-10-3111920513core:ListedExchangeTraded2024-10-3111920513core:UnlistedNon-exchangeTraded2024-10-3111920513core:LandBuildings2023-10-3111920513core:PlantMachinery2023-10-3111920513core:Vehicles2023-10-3111920513core:FurnitureFittings2023-10-3111920513core:OfficeEquipment2023-10-3111920513core:NetGoodwill2023-10-3111920513core:IntangibleAssetsOtherThanGoodwill2023-10-3111920513core:ListedExchangeTraded2023-10-3111920513core:UnlistedNon-exchangeTraded2023-10-3111920513core:LandBuildings2023-11-012024-10-3111920513core:PlantMachinery2023-11-012024-10-3111920513core:Vehicles2023-11-012024-10-3111920513core:FurnitureFittings2023-11-012024-10-3111920513core:OfficeEquipment2023-11-012024-10-3111920513core:NetGoodwill2023-11-012024-10-3111920513core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3111920513core:ListedExchangeTraded2023-11-012024-10-3111920513core:UnlistedNon-exchangeTraded2023-11-012024-10-3111920513core:MoreThanFiveYears2023-11-012024-10-3111920513core:Non-currentFinancialInstruments2024-10-3111920513core:Non-currentFinancialInstruments2023-10-3111920513dpl:CostSales2023-11-012024-10-3111920513dpl:DistributionCosts2023-11-012024-10-3111920513core:LandBuildings2023-11-012024-10-3111920513core:PlantMachinery2023-11-012024-10-3111920513core:Vehicles2023-11-012024-10-3111920513core:FurnitureFittings2023-11-012024-10-3111920513core:OfficeEquipment2023-11-012024-10-3111920513dpl:AdministrativeExpenses2023-11-012024-10-3111920513core:NetGoodwill2023-11-012024-10-3111920513core:IntangibleAssetsOtherThanGoodwill2023-11-012024-10-3111920513dpl:GroupUndertakings2023-11-012024-10-3111920513dpl:ParticipatingInterests2023-11-012024-10-3111920513dpl:GroupUndertakingscore:ListedExchangeTraded2023-11-012024-10-3111920513core:ListedExchangeTraded2023-11-012024-10-3111920513dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-11-012024-10-3111920513core:UnlistedNon-exchangeTraded2023-11-012024-10-3111920513dpl:CostSales2022-11-012023-10-3111920513dpl:DistributionCosts2022-11-012023-10-3111920513core:LandBuildings2022-11-012023-10-3111920513core:PlantMachinery2022-11-012023-10-3111920513core:Vehicles2022-11-012023-10-3111920513core:FurnitureFittings2022-11-012023-10-3111920513core:OfficeEquipment2022-11-012023-10-3111920513dpl:AdministrativeExpenses2022-11-012023-10-3111920513core:NetGoodwill2022-11-012023-10-3111920513core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3111920513dpl:GroupUndertakings2022-11-012023-10-3111920513dpl:ParticipatingInterests2022-11-012023-10-3111920513dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3111920513core:ListedExchangeTraded2022-11-012023-10-3111920513dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3111920513core:UnlistedNon-exchangeTraded2022-11-012023-10-3111920513core:NetGoodwill2024-10-3111920513core:IntangibleAssetsOtherThanGoodwill2024-10-3111920513core:LandBuildings2024-10-3111920513core:PlantMachinery2024-10-3111920513core:Vehicles2024-10-3111920513core:FurnitureFittings2024-10-3111920513core:OfficeEquipment2024-10-3111920513core:AfterOneYear2024-10-3111920513core:WithinOneYear2024-10-3111920513core:ListedExchangeTraded2024-10-3111920513core:UnlistedNon-exchangeTraded2024-10-3111920513core:ShareCapital2024-10-3111920513core:SharePremium2024-10-3111920513core:RevaluationReserve2024-10-3111920513core:OtherReservesSubtotal2024-10-3111920513core:RetainedEarningsAccumulatedLosses2024-10-3111920513core:NetGoodwill2023-10-3111920513core:IntangibleAssetsOtherThanGoodwill2023-10-3111920513core:LandBuildings2023-10-3111920513core:PlantMachinery2023-10-3111920513core:Vehicles2023-10-3111920513core:FurnitureFittings2023-10-3111920513core:OfficeEquipment2023-10-3111920513core:AfterOneYear2023-10-3111920513core:WithinOneYear2023-10-3111920513core:ListedExc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JTL PRODUCTS LTD

Registered Number
11920513
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

JTL PRODUCTS LTD
Company Information
for the year from 1 November 2023 to 31 October 2024

Directors

MALONE, John Anthony
MALONE, Paul Andrew
SPRAGG, Darren Antony

Registered Address

Chestnut Field House
Chestnut Field
Rugby
CV21 2PD

Registered Number

11920513 (England and Wales)
JTL PRODUCTS LTD
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks32,6003,000
Debtors-756
Cash at bank and on hand4,6733,759
7,2737,515
Creditors amounts falling due within one year4(37,293)(36,981)
Net current assets (liabilities)(30,020)(29,466)
Total assets less current liabilities(30,020)(29,466)
Net assets(30,020)(29,466)
Capital and reserves
Called up share capital150150
Profit and loss account(30,170)(29,616)
Shareholders' funds(30,020)(29,466)
The financial statements were approved and authorised for issue by the Board of Directors on 8 April 2025, and are signed on its behalf by:
MALONE, Paul Andrew
Director
Registered Company No. 11920513
JTL PRODUCTS LTD
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The registered office is Chestnut Field House, Chestnut Field, Rugby, Warwickshire, United Kingdom, CV21 2PD.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Functional and presentation currency
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 £.
Going concern
The Directors have noted the excess of liabilities over assets at the balance sheet date. The accounts have been prepared on a going concern basis. In deciding to prepare the accounts on this basis, the Directors have taken account of the continued financial support they are providing to the Company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.Average number of employees

20242023
Average number of employees during the year33
3.Stocks

2024

2023

££
Finished goods2,6003,000
Total2,6003,000
4.Creditors: amounts due within one year

2024

2023

££
Other creditors36,29335,981
Accrued liabilities and deferred income1,0001,000
Total37,29336,981