JS & JS Developments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12866426 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

JS & JS Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J H Sutton

Mr J J Sutton

REGISTERED OFFICE:

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

BUSINESS ADDRESS:

Mill Pond Street

Ross-on-Wye

Herefordshire

HR9 7AP

REGISTERED NUMBER:

12866426 (England and Wales)

ACCOUNTANTS:

ARC & Co. Accountants Limited

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

FIXED ASSETS

Tangible assets

4

84,671

112,895

CURRENT ASSETS

Stocks

5

937,290

680,770

Debtors

6

1,330

20,378

Cash at bank

9,132

2,847

947,752

703,995

CREDITORS

Amounts falling due within one year

7

1,019,724

762,595

NET CURRENT LIABILITIES

(71,972

)

(58,600

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,699

54,295

CAPITAL AND RESERVES

Called up share capital

8

10

Retained earnings

9

12,689

54,285

SHAREHOLDERS' FUNDS

12,699

54,295

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:

Mr J H Sutton - Director

1.	STATUTORY INFORMATION

JS & JS Developments 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 reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 October 2023

and 30 September 2024

126,472

35,883

162,355

DEPRECIATION

At 1 October 2023

40,489

8,971

49,460

Charge for year

21,496

6,728

28,224

At 30 September 2024

61,985

15,699

77,684

NET BOOK VALUE

At 30 September 2024

64,487

20,184

84,671

At 30 September 2023

85,983

26,912

112,895

5.

STOCKS

30.9.24

30.9.23

£

Work-in-progress

937,290

680,770

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

VAT

1,330

20,378

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Trade creditors

-

66,519

Social security and other taxes

5,302

Other creditors

116,550

78,307

Directors' current accounts

896,022

610,617

Accrued expenses

1,850

1,019,724

762,595

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

10

Ordinary

£1.00

10

9.

RESERVES

Retained

earnings

£

At 1 October 2023

54,285

Deficit for the year

(41,596

)

At 30 September 2024

12,689

10.	RELATED PARTY DISCLOSURES

During the year the directors made net deposits to their account of £285,405. The balance on their account at 30 September 2024 was £896,022 in credit (2023 - £610,617).

11.	ULTIMATE CONTROLLING PARTY

The directors acknowledge that there is no ultimate controlling party as no individual holds a majority of the company's issued, voting share capital.