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REGISTERED NUMBER: 03675235 (England and Wales)












JPG (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






JPG (UK) LIMITED (REGISTERED NUMBER: 03675235)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JPG (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: J P Gillman





REGISTERED OFFICE: Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2HH





REGISTERED NUMBER: 03675235 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

JPG (UK) LIMITED (REGISTERED NUMBER: 03675235)

ABRIDGED BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,779 2,433
1,779 2,433

CURRENT ASSETS
Stocks 30,000 40,000
Debtors - 958
Cash at bank and in hand 1 348
30,001 41,306
CREDITORS
Amounts falling due within one year 17,324 26,508
NET CURRENT ASSETS 12,677 14,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,456

17,231

CREDITORS
Amounts falling due after more than
one year

(1,768

)

(6,977

)

PROVISIONS FOR LIABILITIES (338 ) (462 )
NET ASSETS 12,350 9,792

JPG (UK) LIMITED (REGISTERED NUMBER: 03675235)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2025

2025 2024
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 12,349 9,791
SHAREHOLDERS' FUNDS 12,350 9,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 May 2025 and were signed by:





J P Gillman - Director


JPG (UK) LIMITED (REGISTERED NUMBER: 03675235)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

JPG (UK) 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.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of advertising contracts in 2001, is being written off evenly over its estimated useful life of five years.


Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

JPG (UK) LIMITED (REGISTERED NUMBER: 03675235)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2024 20,000
Disposals (20,000 )
At 31 January 2025 -
AMORTISATION
At 1 February 2024 20,000
Eliminated on disposal (20,000 )
At 31 January 2025 -
NET BOOK VALUE

At 31 January 2025 -
At 31 January 2024 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2024 38,658
Disposals (28,008 )
At 31 January 2025 10,650
DEPRECIATION
At 1 February 2024 36,225
Charge for year 654
Eliminated on disposal (28,008 )
At 31 January 2025 8,871
NET BOOK VALUE
At 31 January 2025 1,779
At 31 January 2024 2,433

JPG (UK) LIMITED (REGISTERED NUMBER: 03675235)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdrafts 3,569 9,860
Bank loans 6,978 12,058
10,547 21,918

The bank borrowings are secured by way of a fixed and floating charge over all assets of the Company. The bank loan relates to monies obtained via the Coronavirus Bounce Back Loan Scheme and as such the government guarantees 100% of the borrowings to the lender.