JA&PN Ltd 11178687 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is scaffold erection. Digita Accounts Production Advanced 6.30.9574.0 true 11178687 2024-02-01 2025-01-31 11178687 2025-01-31 11178687 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-01-31 11178687 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-01-31 11178687 core:CurrentFinancialInstruments 2025-01-31 11178687 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 11178687 core:Non-currentFinancialInstruments 2025-01-31 11178687 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 11178687 core:Goodwill 2025-01-31 11178687 core:MotorVehicles 2025-01-31 11178687 core:OtherPropertyPlantEquipment 2025-01-31 11178687 bus:SmallEntities 2024-02-01 2025-01-31 11178687 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 11178687 bus:FilletedAccounts 2024-02-01 2025-01-31 11178687 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11178687 bus:RegisteredOffice 2024-02-01 2025-01-31 11178687 bus:Director2 2024-02-01 2025-01-31 11178687 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11178687 core:Goodwill 2024-02-01 2025-01-31 11178687 core:MotorVehicles 2024-02-01 2025-01-31 11178687 core:OtherPropertyPlantEquipment 2024-02-01 2025-01-31 11178687 core:PlantMachinery 2024-02-01 2025-01-31 11178687 countries:EnglandWales 2024-02-01 2025-01-31 11178687 2024-01-31 11178687 core:Goodwill 2024-01-31 11178687 core:MotorVehicles 2024-01-31 11178687 core:OtherPropertyPlantEquipment 2024-01-31 11178687 2023-02-01 2024-01-31 11178687 2024-01-31 11178687 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-01-31 11178687 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-01-31 11178687 core:CurrentFinancialInstruments 2024-01-31 11178687 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11178687 core:Non-currentFinancialInstruments 2024-01-31 11178687 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 11178687 core:Goodwill 2024-01-31 11178687 core:MotorVehicles 2024-01-31 11178687 core:OtherPropertyPlantEquipment 2024-01-31 iso4217:GBP xbrli:pure

Registration number: 11178687

JA&PN Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

 

JA&PN Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

JA&PN Ltd

(Registration number: 11178687)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

66,549

11,391

Current assets

 

Debtors

6

28,862

52,975

Cash at bank and in hand

 

1,576

4,035

 

30,438

57,010

Creditors: Amounts falling due within one year

7

(116,015)

(132,745)

Net current liabilities

 

(85,577)

(75,735)

Total assets less current liabilities

 

(19,028)

(64,344)

Creditors: Amounts falling due after more than one year

7

(41,781)

(3,531)

Net liabilities

 

(60,809)

(67,875)

Capital and reserves

 

Called up share capital

8

4

4

Retained earnings

(60,813)

(67,879)

Shareholders' deficit

 

(60,809)

(67,875)

For the financial year ending 31 January 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 June 2025
 

.........................................
Mr J Bradley
Director

 

JA&PN Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 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:
Arch 4 Maple Industrial Estate
Bennett Street
Manchester
M12 5AQ

These financial statements were authorised for issue by the director on 17 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises 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 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.

 

JA&PN Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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:

Asset class

Depreciation method and rate

Motor vehicles

25% per annum reducing balance basis

Plant and machinery

25% per annum reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 5 years straight line basis

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.

 

JA&PN Ltd

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

JA&PN Ltd

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 7).

4

Intangible assets

Goodwill
 £

Total
£

Cost

At 1 February 2024

11,500

11,500

At 31 January 2025

11,500

11,500

Amortisation

At 1 February 2024

11,500

11,500

At 31 January 2025

11,500

11,500

Carrying amount

At 31 January 2025

-

-

At 31 January 2024

-

-

5

Tangible assets

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost

At 1 February 2024

38,594

5,750

44,344

Additions

55,262

6,330

61,592

At 31 January 2025

93,856

12,080

105,936

Depreciation

At 1 February 2024

29,811

3,142

32,953

Charge for the year

5,650

784

6,434

At 31 January 2025

35,461

3,926

39,387

Carrying amount

At 31 January 2025

58,395

8,154

66,549

At 31 January 2024

8,783

2,608

11,391

 

JA&PN Ltd

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

6

Debtors

2025
£

2024
£

Trade debtors

13,862

16,775

Other debtors

-

6,200

Prepayments

15,000

30,000

28,862

52,975

7

Creditors

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

22,430

16,415

Trade creditors

 

2,040

6,926

Taxation and social security

 

91,414

108,573

Accruals and deferred income

 

-

500

Other creditors

 

131

331

 

116,015

132,745

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

41,781

3,531

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

4

4

4

4

       
 

JA&PN Ltd

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

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

1,531

3,531

Hire purchase contracts

40,250

-

41,781

3,531

Current loans and borrowings

2025
£

2024
£

Bank borrowings

2,000

2,000

Hire purchase contracts

11,113

1,599

Other borrowings

9,317

12,816

22,430

16,415