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Registration number: 15082675

JPS Construction (Herts) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

JPS Construction (Herts) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

JPS Construction (Herts) Ltd

Company Information

Director

Mr Jack Sandford

Registered office

Unit 2, Elms Yard
Stevenage Road
Little Wymondley
Hitchin
SG4 7HY

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

JPS Construction (Herts) Ltd

(Registration number: 15082675)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

7,038

463

Current assets

 

Stocks

6

2,500

5,000

Debtors

7

310,395

28,629

Cash at bank and in hand

 

15,356

5,040

 

328,251

38,669

Creditors: Amounts falling due within one year

8

(224,309)

(52,633)

Net current assets/(liabilities)

 

103,942

(13,964)

Total assets less current liabilities

 

110,980

(13,501)

Creditors: Amounts falling due after more than one year

8

(104,847)

-

Net assets/(liabilities)

 

6,133

(13,501)

Capital and reserves

 

Called up share capital

1,000

1

Retained earnings

5,133

(13,502)

Shareholders' funds/(deficit)

 

6,133

(13,501)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 3 June 2025
 

.........................................
Mr Jack Sandford
Director

 

JPS Construction (Herts) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2, Elms Yard
Stevenage Road
Little Wymondley
Hitchin
SG4 7HY

These financial statements were authorised for issue by the director on 3 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

JPS Construction (Herts) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 0).

 

JPS Construction (Herts) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4

Profit/loss before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

581

154

 

JPS Construction (Herts) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

617

-

617

Additions

1,324

5,833

7,157

At 31 March 2025

1,941

5,833

7,774

Depreciation

At 1 April 2024

154

-

154

Charge for the year

460

122

582

At 31 March 2025

614

122

736

Carrying amount

At 31 March 2025

1,327

5,711

7,038

At 31 March 2024

463

-

463

6

Stocks

2025
£

2024
£

Other inventories

2,500

5,000

7

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

30,518

8,614

Amounts owed by related parties

108,893

3,433

Prepayments

 

923

1,529

Other debtors

 

170,061

15,053

   

310,395

28,629

8

Creditors

Creditors: amounts falling due within one year

 

JPS Construction (Herts) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8

Creditors (continued)

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

25,005

25,005

Trade creditors

 

92,390

18,368

Taxation and social security

 

100,811

1,240

Accruals and deferred income

 

6,103

8,020

 

224,309

52,633

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

104,847

-

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

104,847

-

Current loans and borrowings

2025
£

2024
£

Other borrowings

25,005

25,005