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REGISTERED NUMBER: 13031093 (England and Wales)















J.S ELECTRICS (JSE) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024






J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.S ELECTRICS (JSE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTORS: J Bradshaw
A Maggs
S C T Watkins





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 13031093 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 30,701 27,798

CURRENT ASSETS
Stocks 12,689 4,456
Debtors 5 87,546 156,258
Cash at bank 110,708 26,976
210,943 187,690
CREDITORS
Amounts falling due within one year 6 132,330 105,208
NET CURRENT ASSETS 78,613 82,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,314

110,280

CREDITORS
Amounts falling due after more than one
year

7

(4,017

)

(9,307

)

PROVISIONS FOR LIABILITIES (7,675 ) (6,302 )
NET ASSETS 97,622 94,671

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 97,522 94,571
97,622 94,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)

BALANCE SHEET - continued
30TH NOVEMBER 2024


The 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th March 2025 and were signed on its behalf by:





J Bradshaw - Director


J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

J.S Electrics (JSE) Ltd 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.

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

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
Office Equipment - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor Computer
machinery Equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2023 7,265 3,571 40,360 2,180 53,376
Additions 3,949 650 13,195 1,240 19,034
At 30th November 2024 11,214 4,221 53,555 3,420 72,410
DEPRECIATION
At 1st December 2023 4,297 2,290 18,325 666 25,578
Charge for year 2,270 1,001 12,289 571 16,131
At 30th November 2024 6,567 3,291 30,614 1,237 41,709
NET BOOK VALUE
At 30th November 2024 4,647 930 22,941 2,183 30,701
At 30th November 2023 2,968 1,281 22,035 1,514 27,798

J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,456 81,900
Other debtors 26,573 33,377
J.S Properties 40,250 40,250
VAT 1,904 -
Prepayments 2,363 731
87,546 156,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,221 4,981
Trade creditors 33,187 22,360
Corporation Tax 38,057 38,023
VAT - 221
Directors' current accounts 51,231 34,989
Accrued expenses 4,634 4,634
132,330 105,208

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 4,017 9,307

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Nominal
Number: Class: value: 2024 2023
£    £   
34 Ordinary A £1 34 34
33 Ordinary B £1 33 33
33 Ordinary C £1 33 33
100 100


J.S ELECTRICS (JSE) LTD (REGISTERED NUMBER: 13031093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

9. RELATED PARTY DISCLOSURES

As at the year end, £8,649 was owed to the director A Maggs (2023: £6,865),

As at the year end, £18,769 was owed to the director S C T Watkins (2023: £11,777),

As at the year end, £23,813 was owed to the director J Bradshaw (2023: £16,348).