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Registration number: 04133752

J & L Industrial Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

J & L Industrial Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

J & L Industrial Services Limited

Balance Sheet

as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

19,791

25,439

Current assets

 

Stocks

80,485

78,522

Debtors

5

207,690

117,333

Investments

6

36,115

33,134

Cash at bank and in hand

 

88,024

151,062

 

412,314

380,051

Creditors: Amounts falling due within one year

7

(161,016)

(156,083)

Net current assets

 

251,298

223,968

Total assets less current liabilities

 

271,089

249,407

Creditors: Amounts falling due after more than one year

7

-

(4,896)

Provisions for liabilities

(4,492)

(5,520)

Net assets

 

266,597

238,991

Capital and reserves

 

Allotted, called up and fully paid share capital

67

67

Capital redemption reserve

33

33

Other reserves

14,472

11,491

Profit and loss account

252,025

227,400

Shareholders' funds

 

266,597

238,991

Registration number: 04133752

 

J & L Industrial Services Limited

Balance Sheet

as at 31 December 2024 (continued)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 10 July 2025 and signed on its behalf by:
 

.........................................
Mr I M Jowett
Company secretary and director

 

J & L Industrial Services Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2024

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 04133752.

The address of its registered office is:
Unit 20 Great Russell Court
Fieldhead Business Centre
Bradford
West Yorkshire
BD7 1JZ

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 in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from sale of goods is recognised when significant risks and rewards of ownership of the goods have been transferred to the buyer.

 

J & L Industrial Services Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any accumulated depreciation and 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 over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property improvements

Straight line over the life of the lease

Plant and machinery

20% per annum on a reducing balance basis

Office equipment

30% per annum on a reducing balance basis

Motor vehicles

25% per annum on a reducing balance basis

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if their fair value can be measured reliably.

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. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

 

J & L Industrial Services Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Leases

Rentals 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 the profit and loss account on a straight-line basis over the period of the lease.

Hire purchase agreements 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 capitalised and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Defined contribution pension scheme

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 6 (2023 - 6).

 

J & L Industrial Services Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2024 (continued)

4

Tangible assets

Leasehold property improvements
£

Office equipment
 £

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost

At 1 January 2024

1,519

1,665

49,404

1,500

54,088

Additions

-

876

-

-

876

Disposals

-

(796)

-

-

(796)

At 31 December 2024

1,519

1,745

49,404

1,500

54,168

Depreciation

At 1 January 2024

1,519

1,532

24,151

1,447

28,649

Charge for the year

-

179

6,313

11

6,503

Eliminated on disposal

-

(775)

-

-

(775)

At 31 December 2024

1,519

936

30,464

1,458

34,377

Net book value

At 31 December 2024

-

809

18,940

42

19,791

At 31 December 2023

-

133

25,253

53

25,439

5

Debtors

Current

2024
£

2023
£

Trade debtors

206,194

116,142

Prepayments

1,496

1,191

 

207,690

117,333

 

J & L Industrial Services Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 December 2024 (continued)

6

Investments

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Valuation

At 1 January 2024

33,134

33,134

Fair value movement

2,981

2,981

At 31 December 2024

36,115

36,115

7

Creditors

2024
£

2023
£

Due within one year

 

Hire purchase agreements

4,896

4,497

Trade creditors

 

97,723

84,159

Directors' loan accounts

 

17,047

37,841

Taxation and social security

 

11,207

9,106

Accruals and deferred income

 

4,014

3,817

Other creditors

 

4,051

337

Corporation tax

 

22,078

16,326

 

161,016

156,083

Due after one year

 

Hire purchase agreements

-

4,896

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £35,343 (2023 - £49,341). These financial commitments relate to non-cancellable operating leases and are repayable over the remaining life of those leases.