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Company Registration No. 03956494 (England and Wales)
JEP INDUSTRIAL LIMITED Unaudited accounts for the year ended 29 February 2024
JEP INDUSTRIAL LIMITED Unaudited accounts Contents
Page
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JEP INDUSTRIAL LIMITED Company Information for the year ended 29 February 2024
Directors
William Glen Price Steven William Price
Company Number
03956494 (England and Wales)
Registered Office
1 ORIENTAL ROAD SILVERTOWN LONDON E16 2BZ
Accountants
ZIK Accountancy Services (London) Limited 85 Station Road North Harrow Harrow HA2 7SW
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JEP INDUSTRIAL LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
224,056 
229,261 
Current assets
Debtors
193,853 
194,874 
Cash at bank and in hand
126,141 
114,303 
319,994 
309,177 
Creditors: amounts falling due within one year
(217,735)
(149,487)
Net current assets
102,259 
159,690 
Total assets less current liabilities
326,315 
388,951 
Creditors: amounts falling due after more than one year
(69,788)
(124,797)
Provisions for liabilities
Deferred tax
(41,979)
(29,856)
Net assets
214,548 
234,298 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
214,448 
234,198 
Shareholders' funds
214,548 
234,298 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by
William Glen Price Director Company Registration No. 03956494
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JEP INDUSTRIAL LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
JEP INDUSTRIAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03956494. The registered office is 1 ORIENTAL ROAD, SILVERTOWN, LONDON, E16 2BZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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JEP INDUSTRIAL LIMITED Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
220,701 
334,557 
11,364 
25,931 
592,553 
Additions
19,253 
28,675 
8,800 
5,850 
62,578 
At 29 February 2024
239,954 
363,232 
20,164 
31,781 
655,131 
Depreciation
At 1 March 2023
189,448 
142,526 
8,114 
23,204 
363,292 
Charge for the year
3,390 
62,508 
812 
1,073 
67,783 
At 29 February 2024
192,838 
205,034 
8,926 
24,277 
431,075 
Net book value
At 29 February 2024
47,116 
158,198 
11,238 
7,504 
224,056 
At 28 February 2023
31,253 
192,031 
3,250 
2,727 
229,261 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
158,198 
192,031 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
181,353 
182,374 
Other debtors
12,500 
12,500 
193,853 
194,874 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
34,457 
48,056 
Obligations under finance leases and hire purchase contracts
53,038 
50,825 
Trade creditors
63,928 
21,944 
Taxes and social security
32,603 
19,997 
Proposed dividends
29,000 
- 
Other creditors
4,709 
7,557 
Loans from directors
- 
1,108 
217,735 
149,487 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
23,123 
33,002 
Obligations under finance leases and hire purchase contracts
46,665 
91,795 
69,788 
124,797 
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JEP INDUSTRIAL LIMITED Notes to the Accounts for the year ended 29 February 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
41,979 
29,856 
2024 
2023 
£ 
£ 
Provision at start of year
29,856 
28,044 
Charged to the profit and loss account
12,123 
1,812 
Provision at end of year
41,979 
29,856 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 12 (2023: 14).
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