Registered number
05562135
JT Production Services Limited
Filleted Accounts
30 September 2024
JT Production Services Limited
Registered number: 05562135
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 397,192 310,861
Current assets
Debtors 4 180,785 231,867
Cash at bank and in hand 382,475 596,525
563,260 828,392
Creditors: amounts falling due within one year 5 (243,922) (705,045)
Net current assets 319,338 123,347
Total assets less current liabilities 716,530 434,208
Provisions for liabilities (86,500) (62,151)
Net assets 630,030 372,057
Capital and reserves
Called up share capital 100 100
Profit and loss account 629,930 371,957
Shareholders' funds 630,030 372,057
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.
J E Thornton
Director
Approved by the board on 16 June 2025
JT Production Services Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually 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 and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 363,523 102,114 465,637
Additions 163,919 - 163,919
Disposals (90,000) - (90,000)
At 30 September 2024 437,442 102,114 539,556
Depreciation
At 1 October 2023 116,369 38,407 154,776
Charge for the year 61,661 15,927 77,588
On disposals (90,000) - (90,000)
At 30 September 2024 88,030 54,334 142,364
Net book value
At 30 September 2024 349,412 47,780 397,192
At 30 September 2023 247,154 63,707 310,861
4 Debtors 2024 2023
£ £
Trade debtors 159,985 147,840
Other debtors 20,800 84,027
180,785 231,867
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 83,155 150,834
Taxation and social security costs 158,752 129,356
Other creditors 2,015 424,855
243,922 705,045
6 Other information
JT Production Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Camellia Way
Wokingham
Berkshire
RG41 3NB
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