REGISTERED NUMBER: NI650880 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

JP & S Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Flanagan

Mrs A Flanagan

REGISTERED OFFICE:

8 Derraghadoan Road

DUNGANNON

Co. Tyrone

BT70 3LG

REGISTERED NUMBER:

NI650880 (Northern Ireland)

ACCOUNTANTS:

Gildernew & Co Ltd

Six Northland Row

DUNGANNON

Co. Tyrone

BT71 6AW

FIXED ASSETS

Tangible assets

4

553,098

329,644

CURRENT ASSETS

Stocks

380,350

493,090

Debtors

5

616,327

485,988

Cash at bank

231,703

111,883

1,228,380

1,090,961

CREDITORS

Amounts falling due within one year

6

1,167,822

894,239

NET CURRENT ASSETS

60,558

196,722

TOTAL ASSETS LESS CURRENT LIABILITIES

613,656

526,366

CREDITORS

Amounts falling due after more than one year

7

89,174

145,900

NET ASSETS

524,482

380,466

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

524,480

380,464

524,482

380,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 28 May 2025 and were signed on its behalf by:

Mr P Flanagan - Director

Mrs A Flanagan - Director

1.	STATUTORY INFORMATION

JP & S Construction Limited is a private company, limited by shares , registered in Northern Ireland. 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 etc

-

25% reducing balance, 20% reducing balance and 15% reducing balance

Stocks

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

657,605

Additions

384,248

Disposals

(17,458

)

At 31 March 2025

1,024,395

DEPRECIATION

At 1 April 2024

327,961

Charge for year

147,701

Eliminated on disposal

(4,365

)

At 31 March 2025

471,297

NET BOOK VALUE

At 31 March 2025

553,098

At 31 March 2024

329,644

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

37,701

227,213

Amounts owed by group undertakings

500,200

-

Other debtors

78,426

258,775

616,327

485,988

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

-

18,178

Hire purchase contracts

15,160

8,188

Trade creditors

692,987

389,538

Taxation and social security

46,619

35,700

Other creditors

413,056

442,635

1,167,822

894,239

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

84,400

Hire purchase contracts

29,174

1,500

Other creditors

60,000

60,000

89,174

145,900