Registered number
11120269
JTL Special Projects Ltd
Filleted Accounts
31 January 2025
JTL Special Projects Ltd
Registered number: 11120269
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 633,499 869,275
Investments 4 178,803 171,121
812,302 1,040,396
Current assets
Work in progress - 553,099
Debtors 5 2,301,356 1,526,922
Cash at bank and in hand 489,386 805,150
2,790,742 2,885,171
Creditors: amounts falling due within one year 6 (1,038,558) (1,497,859)
Net current assets 1,752,184 1,387,312
Total assets less current liabilities 2,564,486 2,427,708
Creditors: amounts falling due after more than one year 7 (288,229) (696,192)
Provisions for liabilities (153,389) (217,478)
Net assets 2,122,868 1,514,038
Capital and reserves
Called up share capital 81 81
Profit and loss account 2,122,787 1,513,957
Shareholders' funds 2,122,868 1,514,038
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H Skivington
Director
Approved by the board on 2 June 2025
JTL Special Projects Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at the following rates:
Scaffolding 50% straight line & 20% straight line
Plant and machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is 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, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 1,335,559 249,778 1,585,337
Additions 7,656 45,425 53,081
Disposals (1,764) (98,280) (100,044)
At 31 January 2025 1,341,451 196,923 1,538,374
Depreciation
At 1 February 2024 635,085 80,977 716,062
Charge for the year 198,760 36,158 234,918
On disposals (498) (45,607) (46,105)
At 31 January 2025 833,347 71,528 904,875
Net book value
At 31 January 2025 508,104 125,395 633,499
At 31 January 2024 700,474 168,801 869,275
4 Investments
Other
investments
£
Cost
At 1 February 2024 171,121
Additions 7,682
At 31 January 2025 178,803
5 Debtors 2025 2024
£ £
Trade debtors 1,147,090 1,250,978
Other debtors 1,154,266 275,944
2,301,356 1,526,922
6 Creditors: amounts falling due within one year 2025 2024
£ £
Loans 151,788 243,761
Obligations under finance lease and hire purchase contracts 30,189 30,189
Trade creditors 178,195 429,823
Taxation and social security costs 677,895 793,243
Other creditors 491 843
1,038,558 1,497,859
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 240,431 618,205
Obligations under finance lease and hire purchase contracts 47,798 77,987
288,229 696,192
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
H J Skivington
Directors loan account 436 (160,351) 160,000 85
436 (160,351) 160,000 85
9 Related party transactions
During the year JTL Scaffolding Ltd, a company who is ultimately under the same control, repaid £48,289 during the year. The amount of £85,013 is outstanding as at 31 January 2025 and is interest free and repayable upon demand.
During the year HJS & Son Holdings Ltd, a company who is ultimately under the same control, was loaned £242,479. No repayments were made during the year. The amount of £244,418 is outstanding as at 31 January 2025 and is interest free and repayable upon demand.
During the year HJS & Son Hire Ltd, a company who is ultimately under the same control, was loaned £700,000. £40,000 was repaid during the year. The amount of £660,000 is outstanding as at 31 January 2025 and is interest free and repayable upon demand.
10 Controlling party
The company is controlled by its director.
11 Other information
JTL Special Projects Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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