1 April 2024 v2025.23.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP132387602024-04-012025-03-31132387602025-03-31132387602024-03-3113238760core:WithinOneYear2025-03-3113238760core:WithinOneYear2024-03-3113238760core:AfterOneYear2025-03-3113238760core:AfterOneYear2024-03-3113238760core:ShareCapital2025-03-3113238760core:ShareCapital2024-03-3113238760core:RetainedEarningsAccumulatedLosses2025-03-3113238760core:RetainedEarningsAccumulatedLosses2024-03-3113238760bus:Director12024-04-012025-03-3113238760bus:RegisteredOffice2024-04-012025-03-3113238760core:MotorVehicles2024-04-012025-03-3113238760core:PlantMachinery2024-04-012025-03-3113238760core:OfficeEquipment2024-04-012025-03-31132387602023-04-012024-03-3113238760core:PlantMachinery2024-04-0113238760core:PlantMachinery2025-03-3113238760core:PlantMachinery2024-03-311323876012024-04-012025-03-3113238760countries:EnglandWales2024-04-012025-03-3113238760bus:AuditExemptWithAccountantsReport2024-04-012025-03-3113238760bus:PrivateLimitedCompanyLtd2024-04-012025-03-3113238760bus:SmallEntities2024-04-012025-03-3113238760bus:FullAccounts2024-04-012025-03-31
Company registration number:
13238760
JJ Rentals Kent Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2025
JJ Rentals Kent Ltd
Statement of Financial Position
31 March 2025
20252024
Note££
Fixed assets    
Tangible assets 5
1,865,221
 
1,397,331
 
Current assets    
Debtors 6
167,880
 
11,788
 
Cash at bank and in hand
213,671
 
5,310
 
381,551
 
17,098
 
Creditors: amounts falling due within one year 7
(660,226
)
(444,503
)
Net current liabilities
(278,675
)
(427,405
)
Total assets less current liabilities 1,586,546   969,926  
Creditors: amounts falling due after more than one year 8
(811,873
)
(797,251
)
Net assets
774,673
 
172,675
 
Capital and reserves    
Called up share capital
126
 
100
 
Profit and loss account
774,547
 
172,575
 
Shareholders funds
774,673
 
172,675
 
For the year ending
31 March 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
7 May 2025
, and are signed on behalf of the board by:
Mr Karl Jarvis
Director
Company registration number:
13238760
JJ Rentals Kent Ltd
Notes to the Financial Statements
Year ended
31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
40 King Street
,
West Malling
,
Kent
,
ME19 6QT
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
15% Reducing Balance
Plant and machinery
25% Reducing Balance
Office equipment
33% Straight Line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2024:
3.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2024
1,683,666
 
Additions
949,091
 
Disposals
(264,665
)
At
31 March 2025
2,368,092
 
Depreciation  
At
1 April 2024
286,335
 
Charge
262,939
 
Disposals
(46,403
)
At
31 March 2025
502,871
 
Carrying amount  
At
31 March 2025
1,865,221
 
At 31 March 2024
1,397,331
 

6 Debtors

20252024
££
Other debtors
167,880
 
11,788
 

7 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
10,207
  -  
Trade creditors
69,954
  -  
Taxation and social security
3,212
 
440
 
Other creditors
576,853
 
444,063
 
660,226
 
444,503
 

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
99,094
  -  
Other creditors
712,779
 
797,251
 
811,873
 
797,251
 

9 Share capital

During the period, the company had ordinary share capital (£1 per share) of £100 Allotted, called up and fully paid (2024: £100).
During the period, the company had A ordinary share capital (£1 per share) of £25 Allotted, called up and fully paid (2024: £0).
During the period, the company had B ordinary share capital (£1 per share) of £1 Allotted, called up and fully paid (2024: £0).