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COMPANY REGISTRATION NUMBER: 06137637
Juice Electrical Supplies Limited
Filleted Unaudited Abridged Financial Statements
27 March 2025
Juice Electrical Supplies Limited
Abridged Financial Statements
Period from 1 May 2024 to 27 March 2025
Contents
Pages
Abridged statement of financial position
1 to 2
Notes to the abridged financial statements
3 to 7
Juice Electrical Supplies Limited
Abridged Statement of Financial Position
27 March 2025
27 Mar 25
30 Apr 24
Note
£
£
£
Fixed Assets
Tangible assets
6
174,222
148,411
Current Assets
Stocks
397,006
499,958
Debtors
759,816
640,222
Cash at bank and in hand
799,473
1,150,875
------------
------------
1,956,295
2,291,055
Creditors: amounts falling due within one year
686,985
877,440
------------
------------
Net Current Assets
1,269,310
1,413,615
------------
------------
Total Assets Less Current Liabilities
1,443,532
1,562,026
Provisions
Taxation including deferred tax
42,674
37,104
------------
------------
Net Assets
1,400,858
1,524,922
------------
------------
Capital and Reserves
Called up share capital
7
500
500
Profit and loss account
1,400,358
1,524,422
------------
------------
Shareholders Funds
1,400,858
1,524,922
------------
------------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the period ending 27 March 2025 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 abridged financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the period ending 27 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.
Juice Electrical Supplies Limited
Abridged Statement of Financial Position (continued)
27 March 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 16 July 2025 , and are signed on behalf of the board by:
Mr A D Jepson
Mr S E Salisbury
Director
Director
Company registration number: 06137637
Juice Electrical Supplies Limited
Notes to the Abridged Financial Statements
Period from 1 May 2024 to 27 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91-97, Saltergate, Chesterfield, Derbyshire, S40 1LA. The company's place of business is 1 Redgate Street, Pinxton, Nottinghamshire, NG16 6LN.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis . The financial statements are prepared in sterling, which is the functional currency of the entity. Change of reporting period The financial statements cover the period 1 May 2024 to 27 March 2025. Due to this, the figures within the financial statements for the period ended 27 March 2025 are not entirely comparable with the prior year to 30 April 2024. Accounting reference date The company has taken advantage of the provisions in section 390 of the Companies Act 2006 which allow the company to make accounts up to a date within seven days of the accounting reference date. These financial statements are made up to 27 March 2025 (2024: 30 April 2024).
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income 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 in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10 years straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
-
15% reducing balance
Motor vehicle
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 18 (2024: 20 ).
5. Intangible assets
£
Cost
At 1 May 2024 and 27 March 2025
148,125
---------
Amortisation
At 1 May 2024 and 27 March 2025
148,125
---------
Carrying amount
At 27 March 2025
---------
At 30 April 2024
---------
6. Tangible assets
£
Cost
At 1 May 2024
301,652
Additions
53,083
---------
At 27 March 2025
354,735
---------
Depreciation
At 1 May 2024
153,241
Charge for the period
27,272
---------
At 27 March 2025
180,513
---------
Carrying amount
At 27 March 2025
174,222
---------
At 30 April 2024
148,411
---------
7. Called up share capital
Issued, called up and fully paid
27 Mar 25
30 Apr 24
No.
£
No.
£
Ordinary A shares of £ 1 each
250
250
250
250
Ordinary B shares of £ 1 each
250
250
250
250
----
----
----
----
500
500
500
500
----
----
----
----
8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
27 Mar 25
30 Apr 24
£
£
Not later than 1 year
39,450
2,415
Later than 1 year and not later than 5 years
123,763
---------
-------
163,213
2,415
---------
-------
9. Directors' advances, credits and guarantees
There are no director's advances, credits or guarantees requiring disclosure.