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Registration number: 5594046

J.P.R. Services (Welwyn) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

J.P.R. Services (Welwyn) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 8

 

J.P.R. Services (Welwyn) Limited

(Registration number: 5594046)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

6,100

Tangible assets

5

315,586

390,596

 

315,586

396,696

Current assets

 

Debtors

6

122,892

393,819

Cash at bank and in hand

 

252,498

96,169

 

375,390

489,988

Creditors: Amounts falling due within one year

7

(494,290)

(453,332)

Net current (liabilities)/assets

 

(118,900)

36,656

Total assets less current liabilities

 

196,686

433,352

Provisions for liabilities

(886)

-

Net assets

 

195,800

433,352

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

194,800

432,352

Shareholders' funds

 

195,800

433,352

For the financial year ending 31 October 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 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 16 July 2025
 

.........................................
Mr J R Davis
Director

 

J.P.R. Services (Welwyn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
85 Great Portland Street
London
W1W 7LT

These financial statements were authorised for issue by the director on 16 July 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.

Going concern

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.

Government grants

The company has received Government grants in the form of Job Retention Scheme payments under the Covid 19 provisions. The company has followed the Performance model for these grants and the reciept is recognised in income when the grant proceeds are received or receivable. The grant does not impose any specified future performance related conditions.

Tax

The tax expense for the period comprises current 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.

 

J.P.R. Services (Welwyn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

The current income 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.

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

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

Office equipment

25% Reducing Balance

Fixtures & Fittings

25% Reducing Balance

Plant & Machinery

25% Reducing Balance

Motor Vehicles

25% Reducing Balance

Buildings

No provision

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

Fully Amortised

Software dev elopment

Amortisation over a 5 year period

 

J.P.R. Services (Welwyn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

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.

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 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.

 

J.P.R. Services (Welwyn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 5).

 

J.P.R. Services (Welwyn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Intangible assets

Goodwill
 £

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 November 2023

8,000

30,500

38,500

At 31 October 2024

8,000

30,500

38,500

Amortisation

At 1 November 2023

8,000

30,500

38,500

At 31 October 2024

8,000

30,500

38,500

Carrying amount

At 31 October 2024

-

-

-

At 31 October 2023

-

6,100

6,100

5

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 November 2023

-

7,465

37,642

8,774

Revaluations

213,440

-

-

-

Additions

-

-

650

1,481

Disposals

-

-

-

-

At 31 October 2024

213,440

7,465

38,292

10,255

Depreciation

At 1 November 2023

-

7,260

27,568

4,299

Charge for the year

-

51

1,178

1,211

Eliminated on disposal

-

-

-

-

At 31 October 2024

-

7,311

28,746

5,510

Carrying amount

At 31 October 2024

213,440

154

9,546

4,745

At 31 October 2023

213,440

205

10,074

4,475

 

J.P.R. Services (Welwyn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

316,269

370,150

Revaluations

-

213,440

Additions

-

2,131

Disposals

(105,164)

(105,164)

At 31 October 2024

211,105

480,557

Depreciation

At 1 November 2023

153,867

192,994

Charge for the year

41,427

43,867

Eliminated on disposal

(71,890)

(71,890)

At 31 October 2024

123,404

164,971

Carrying amount

At 31 October 2024

87,701

315,586

At 31 October 2023

162,402

390,596

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings and £213,440 (2023 - £213,440) in respect of long leasehold land and buildings.
 

6

Debtors

Current

2024
£

2023
£

Trade debtors

152,717

418,655

Other debtors

(29,825)

(24,836)

 

122,892

393,819

 

J.P.R. Services (Welwyn) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

36,224

-

Trade creditors

 

182,531

272,316

Amounts owed to group undertakings and undertakings in which the company has a participating interest

379

-

Taxation and social security

 

142,930

133,414

Other creditors

 

132,226

47,602

 

494,290

453,332