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COMPANY REGISTRATION NUMBER: 08211910
JSP SUSTAINABILITY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2025
JSP SUSTAINABILITY LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
12,964
29,198
CURRENT ASSETS
Debtors
6
275,691
289,578
Cash at bank and in hand
752,462
1,465,101
-------------
-------------
1,028,153
1,754,679
CREDITORS: amounts falling due within one year
7
408,064
424,610
-------------
-------------
NET CURRENT ASSETS
620,089
1,330,069
----------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
633,053
1,359,267
CREDITORS: amounts falling due after more than one year
8
107,112
95,201
----------
-------------
NET ASSETS
525,941
1,264,066
----------
-------------
JSP SUSTAINABILITY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
2025
2024
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
1
2
Capital redemption reserve
1
Profit and loss account
525,939
1,264,064
----------
-------------
SHAREHOLDERS FUNDS
525,941
1,264,066
----------
-------------
These 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 statement of comprehensive income has not been delivered.
For the year ending 31 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 financial statements for the year 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 financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 July 2025 , and are signed on behalf of the board by:
Mr P G McGuigan
Director
Company registration number: 08211910
JSP SUSTAINABILITY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 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 York Science Park IT Centre, Innovation Way, Heslington, York, YO10 5NP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) 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.
(b) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
(c) Current tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) 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 and Fittings
-
20% reducing balance
Motor Vehicles
-
25% reducing balance
(f) 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.
(g) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
(h) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 14 (2024: 9 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024
18,812
45,560
64,372
Additions
10,812
10,812
Disposals
( 45,560)
( 45,560)
--------
--------
--------
At 31 March 2025
29,624
29,624
--------
--------
--------
Depreciation
At 1 April 2024
13,105
22,069
35,174
Charge for the year
3,555
2,937
6,492
Disposals
( 25,006)
( 25,006)
--------
--------
--------
At 31 March 2025
16,660
16,660
--------
--------
--------
Carrying amount
At 31 March 2025
12,964
12,964
--------
--------
--------
At 31 March 2024
5,707
23,491
29,198
--------
--------
--------
6. DEBTORS
2025
2024
£
£
Trade debtors
274,434
283,719
Other debtors
1,257
5,859
----------
----------
275,691
289,578
----------
----------
7. CREDITORS: amounts falling due within one year
2025
2024
£
£
Trade creditors
67,103
46,652
Corporation tax
197,103
237,537
Social security and other taxes
105,738
106,758
Other creditors
38,120
33,663
----------
----------
408,064
424,610
----------
----------
8. CREDITORS: amounts falling due after more than one year
2025
2024
£
£
Other creditors
107,112
95,201
----------
--------