Company Registration No. 02730350 (England and Wales)
J. D. Engineering (Hereford) Limited
Unaudited accounts
for the year ended 30 June 2024
J. D. Engineering (Hereford) Limited
Unaudited accounts
Contents
J. D. Engineering (Hereford) Limited
Company Information
for the year ended 30 June 2024
Directors
D J Price
J E Wall
Mrs B K Wall
Mrs J M Price
Company Number
02730350 (England and Wales)
Registered Office
Unit 5A, Ramsden Road
Rotherwas Industrial Estate
Hereford
HR2 6LR
Accountants
Diana Duggan & Co
27 East Street
Hereford
HR1 2LU
J. D. Engineering (Hereford) Limited
Statement of financial position
as at 30 June 2024
Tangible assets
22,136
26,067
Cash at bank and in hand
453
1,268
Creditors: amounts falling due within one year
(144,381)
(117,230)
Net current assets
5,349
26,463
Called up share capital
2
2
Profit and loss account
27,483
52,528
Shareholders' funds
27,485
52,530
For the year ending 30 June 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 22 May 2025 and were signed on its behalf by
D J Price
Director
Company Registration No. 02730350
J. D. Engineering (Hereford) Limited
Notes to the Accounts
for the year ended 30 June 2024
J. D. Engineering (Hereford) Limited is a private company, limited by shares, registered in England and Wales, registration number 02730350. The registered office is Unit 5A, Ramsden Road, Rotherwas Industrial Estate , Hereford, HR2 6LR.
2
Compliance with accounting standards
The financial statements are compliant with financial reporting standard 102 and there have been no changes to the comparatives following adoption.
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.
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material changes to accounting policies following adoption. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Rendering of services - Turnover from services is recognised on completion of services.
Tangible fixed assets policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. D. Engineering (Hereford) Limited
Notes to the Accounts
for the year ended 30 June 2024
The company operates a defined contribution pension scheme for the benefit of two of the directors amounting to £2,400 (2019: £2400). The assets of the scheme are administered by the trustees in a fund independent from those of the company.
There is an auto-enrolment scheme for the employees.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2023
205,046
10,000
215,046
At 30 June 2024
205,046
10,000
215,046
At 1 July 2023
179,401
9,578
188,979
Charge for the year
3,847
84
3,931
At 30 June 2024
183,248
9,662
192,910
At 30 June 2024
21,798
338
22,136
At 30 June 2023
25,645
422
26,067
Amounts falling due within one year
Trade debtors
128,630
127,106
Accrued income and prepayments
12,016
6,899
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
21,295
-
Trade creditors
108,458
88,963
Taxes and social security
-
10,263
Other creditors
14,628
18,004
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Transactions with related parties
The company is controlled by D J Price and J E Wall (directors) who hold all the shares.
The directors made net withdrawals from their current account of £3376 in the year. The balance at 30 June 2024 was £14628 (2023 £18004) and this is included in other creditors.
The loan account is repayable on demand and no interest is charged.
J. D. Engineering (Hereford) Limited
Notes to the Accounts
for the year ended 30 June 2024
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).