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Registration number: 10875886

JFS Group Services Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 August 2023 to 30 September 2024

 

JFS Group Services Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

JFS Group Services Limited

(Registration number: 10875886)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1,940

9,330

Cash at bank and in hand

 

-

423

 

1,940

9,753

Creditors: Amounts falling due within one year

5

(5,154)

(4,544)

Total assets less current liabilities

 

(3,214)

5,209

Creditors: Amounts falling due after more than one year

5

-

(7,330)

Net liabilities

 

(3,214)

(2,121)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(3,314)

(2,221)

Shareholders' deficit

 

(3,214)

(2,121)

For the financial period ending 30 September 2024 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 period 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
 

.........................................
J Spencer
Director

 

JFS Group Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 30 September 2024

1

General information

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

The company is to be struck off as is no longer trading.

The address of its registered office is:
11a Davis Road
Market Lavington
Wiltshire
SN10 4DQ

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.

Depreciation

Asset class

Depreciation method and rate

Plant and machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

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.

 

JFS Group Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 30 September 2024

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Other debtors

1,940

9,330

1,940

9,330

 

JFS Group Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 30 September 2024

5

Creditors

Amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

-

4,000

Accruals and deferred income

 

666

544

Other creditors

 

4,488

-

 

5,154

4,544

Amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

-

7,330

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

7,330

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

4,000

 

JFS Group Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 30 September 2024

7

Related party transactions

Transactions with the director

2024

At 1 August 2023
£

Repayments by director
£

At 30 September 2024
£

J Spencer

J Spencer

5,956

(5,956)

-

2023

At 1 August 2022
£

Repayments by director
£

At 31 July 2023
£

J Spencer

J Spencer

10,349

(4,393)

5,956